For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
Paying cash for a vehicle means no monthly payments, no interest charges and no chance of repossession. Still, there are scenarios when financing a car may be a better option. Buying a car is a major financial decision. If you have the means, paying cash for a car may help you save the most money. … Read more
Applying for a new credit card can complicate your homebuying experience. To keep credit problems to a minimum while you’re getting a mortgage, it’s best not to make any big changes to your credit, like getting new credit cards. Getting a mortgage to buy your dream home can be an exciting yet stressful process. You … Read more
When it comes to applying for American Express cards, the issuer’s five card limit is a restriction to be aware of. In this post I wanted to discuss that in more detail, and also share a data point about how perhaps this isn’t quite so strict anymore?. A lot of people love American Express credit … Read more
MarketWatch Guides may receive compensation from companies that appear on this page. The payment may change where, how, and when products show up, but it doesn’t change the suggestions the editorial team makes. Not all companies, products, or offers were reviewed. Find your best auto loan rate. We at the MarketWatch Guides Team will explain … Read more
Ready to tackle your mortgage and get it paid off in 7 years? First, let’s get a few things straight: Ready to ditch your mortgage years ahead of schedule? It’s time to get strategic! These proven methods will show you exactly how to accelerate your payoff and achieve financial freedom faster. Let’s get into the … Read more
When negotiating with a debt collector, you should confirm whether you owe the debt, calculate a realistic payment plan, and make a repayment proposal to the debt collector. Is It Good to Take a Settlement Offer From a Creditor? When you’re having trouble with debt, a settlement offer from a creditor may seem like the … Read more
How you manage your credit card accounts can affect multiple factors that determine credit scores, including your payment history, credit utilization rate, average age of accounts and credit mix. It’s important to know that getting a credit card, using it (or not), and closing it can all have big effects on your credit scores. Credit … Read more
When purchasing a home with a mortgage, borrowers may encounter Private Mortgage Insurance (PMI) if they offer less than a 20% down payment. PMI is an insurance policy that provides a financial safeguard for lenders against the risk of default. It’s important for homeowners to understand how PMI works and how it’s calculated, especially when … Read more
FICO® Scores consider a wide range of information on your credit report. However, they do not consider: One of the most important things lenders look at when deciding whether to give you a loan or credit card is your credit score. It tells them how reliably you have paid back debts in the past and … Read more