If your credit score is 706, you are right in the middle. At the end of 2021, Experian said that the average American consumer had a FICO Score of 714. A score between 670 and 739 is usually thought to be good. Most lenders consider an 706 credit score to be an average credit score … Read more
If you have good credit, you may be able to get a better interest rate on a new loan, credit card, or mortgage. The interest you pay on your loan over its life will be hundreds to thousands of dollars less if you do this. To improve your current and future standing, you need to … Read more
There are risks involved with investing, and you could lose the money you put in. Investment products are not backed by the FDIC, are not deposits or other obligations of, or insured by, First Federal Bank of Kansas City. First Federal Bank of Kansas City does not provide legal, tax or accounting advice. We recommend … Read more
Real estate investing can be very profitable, but many would-be investors have trouble making the initial down payment. With property prices rising, putting down 20% or more can tie up a lot of capital. Thanks to creative financing options, it is possible to buy investment properties with little to no money down. Why Pursue 100% … Read more
If youve ever checked your credit score and wondered what it takes to reach a perfect 850, youre not alone. An 850 FICO® Score is the holy grail of creditworthiness, but what does it actually mean and does it even matter?. Even though getting your score up to 850 is a big deal, you don’t … Read more
So, you’re thinking about buying a house. Yes, buying a home is a great way to get rich, and there’s something special about having your own home that makes it feel more like home. But I bet you have one big question: How much money do I need to buy a house? It can be … Read more
When you write a 609 letter, you can ask for information about things on your credit report and address mistakes. It was named after Section 609 of the Fair Credit Reporting Act (FCRA), which lets people see all the information that was used to make their credit score. While 609 letters canât remove verified or … Read more
Credit cards with low limits make it easier to keep up with payments while allowing you the necessary credit for emergencies. We’ve reviewed the best low limit credit cards for students. When it comes to credit cards, having a higher credit limit may not always be the best option. Some people may want flashy cards … Read more
Prospective homebuyers have faced a range of issues over the last couple of years, including low levels of for-sale home inventory and high home prices that have climbed due to steady demand. And, in todays elevated rate environment, the average rate on a 30-year fixed mortgage loan is hovering near 7% — over twice the … Read more
Any damage from having a high credit card balance goes away when the credit bureaus get new information about your new, lower balances. This is true for most credit scores. A high credit card utilization typically stops hurting your credit score once a new, lower balance is reported to the credit bureaus. The main way … Read more