A debt collector can’t threaten to or have you arrested for an unpaid debt. If you’re sued and you don’t comply with a court order, though, you could be arrested. It’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a debt collector to have you arrested or claim that you’ll be arrested … Read more
The underwriting phase in the home-buying journey is the most important step, but it can be pretty time-consuming, stretching up to a month or even more. Everyone, from borrowers and loan officers to underwriters, wants a quick and successful way out. As a MLO (Mortgage Loan Originator), some strategies can help stir the underwriting process. … Read more
People with credit scores between 300 and 850 have good credit. Scores between 670 and 739 are bad. Credit scores of 740 and above are very good while 800 and higher are excellent. Credit scores between 300 and 850 are good, with a score in the mid to high 600s or higher being the best. … Read more
Navigating the complex world of real estate can become even more intricate when you’re grappling with questions like, “Can You Buy a House if You Owe Back Taxes?”. This is a situation where understanding the difference between tax lien and tax liability, their impact on your federal taxes, and how they affect your eligibility for … Read more
Paying off your car loan early usually could cause a temporary drop in your credit score, but the dip typically lasts only a few months. However, paying your auto loan off early may not be the best use of your money if you have high-interest debt or your car loan has a low interest rate. … Read more
When it comes to financing your home, the terminology can sometimes be incredibly confusing. There are cash-out refinances, home equity loans, and home equity lines of credit (HELOCs) that can help you get money from the value of your home. If you’re trying to understand a HELOC vs. a second mortgage, it’s helpful to know … Read more
A debt spiral can be a significant obstacle to reaching your financial goals. If you have a lot of different kinds of debt, like credit cards, student loans, car loans, and mortgages, you may get stuck in a never-ending cycle of debt because the interest on your debts keeps going up. Getting out of a … Read more
Imagine having the golden key to unlock the doors of financial opportunity—a 700 credit score. Your score is a numerical summary of your creditworthiness, akin to a financial report card that lenders use to evaluate the risk of lending you money. A score of 700 is often considered a threshold to better loan terms and … Read more
Average auto loan interest rates can provide an idea of what APR to expect for your auto loan. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence … Read more
A mortgage or loan with a low interest rate can save you a lot of money over the life of the loan. But because interest rates change all the time, it can be hard to tell if you’re really getting a good deal. This article will go over in detail whether 2 75% is considered … Read more