Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
A FICO auto score is a credit score that is specific to the auto industry and is used by lenders to decide whether to give loans for buying new or used cars. FICO auto scores, like regular FICO scores, range from 300 to 850 and show how creditworthy a person is. But what does a … Read more
When you purchase or refinance a home, the last step in the process is called the closing. This is when you finalize all the details of the transaction. Knowing what’s expected of you and understanding key homebuying terms can make the process smoother. Buying a home is an exciting milestone but the process doesn’t end … Read more
You don’t have to use your own savings to pay for a mortgage. There are other valid options as well. This is a misconception that many prospective borrowers have, but there are other ways a mortgage deposit can be provided. Read on to learn about the different ways a proof of deposit for a mortgage … Read more
If youâre trying to figure out which credit score is most accurate, then you already know there are multiple scores out there. But one credit score isnât necessarily more accurate than another. Itâs more complicated than that. Find out what makes a credit score good, how credit bureaus and other companies that give credit scores … Read more
Credit bureaus collect data related to your credit and compile it into credit reports. Credit reports are used to do things such as calculate credit scores and make lending decisions. For those reasons and more, credit bureaus can play an important role in lending and borrowing. Learn about the three major credit bureaus and how … Read more
A strategic use of debt may help your clients achieve their short- and long-term financial goals. Americans are no strangers to debt. The average debt balance held by U. S. consumers is $101,915. 1 Depending on how and why they’re borrowing, however, debt can be useful. People who deal with money and building wealth often … Read more
You may want to cancel a credit card to cut back on your spending or to stop paying the associated fees. Before you cancel, consider how ditching that credit card could impact your credit score and finances. Hey there, family! You’ve come to the right place if you want to know “how much does your … Read more
Ever wonder what it takes to get one of the world’s most coveted credit cards? The best credit cards are a sign of wealth and often come with a lot of perks that most people can only dream of. However, it is very difficult to get approved for one of these cards. The fascination with … Read more
Hey there, fam! If you’re sittin’ there wondering, “Can I get a car loan with a credit score of 500?”—I’m here to tell ya straight up: Yes, you can. But, lemme be real, it’s gonna be a bumpy ride. A credit score of 500 is deep in the “uh-oh” zone, and lenders look at ya … Read more