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
The purpose of this content is to teach, so it may include details about products, features, or services that SoFi does not offer. Depending on the bank’s rules and the reason the account was closed, you may be able to reopen it. Accounts that you closed or that were closed due to inactive status tend … Read more
When you buy a home, do you know what costs and cash you’ll need to pay at closing? If you aren’t sure what “cash to close” means, what your closing cost amounts are or how to pay them, read on to learn more. Closing on a house can be hard to understand, especially when it … Read more
You have the right to file disputes to get inaccurate late payments removed from your credit report by contacting your creditor or the credit bureaus to remedy the issue. You have the right to try to remove a late payment from your credit reports if it was reported in error or the late payment was … Read more
It is always hard when a loved one dies, but getting an inheritance may help ease the pain and let you know that the person who died loved you. Naturally, you and other Detroit residents would want to put an inheritance to good use, such as purchasing furniture or going on vacation. You might also … Read more
What’s the difference between a draw period and a repayment period? This is one of the most common questions lenders get about home equity lines of credit, or HELOCs. And it’s easy to see why—there’s a lot to understand! Let’s go over some of the most common questions. A home equity line of credit (HELOC) … Read more
Creditors may send an account to collections if it’s overdue. The account may go to an in-house collections agency or a third-party agency. In either case, collections can hurt your credit and make it harder for you to get loans or credit cards in the future. Finding out how collections affect your credit and how … Read more
Personal loans are a common way for people to get access to cash quickly. But how exactly do personal loans work when it comes to getting the money? The short answer is that yes, personal loan funds do go directly into your bank account in most cases How Personal Loans Work When you take out … Read more
Exempt Property: This article explains how garnishment works as a way to get money for debts that have already been decided. Here, learn about garnishment and how it works in Texas. Garnishment is a process that creditors use to collect debts, often requiring a lawsuit and court judgment. Banks or employers may freeze funds without … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. FICO® and TransUnion® are two terms affiliated with credit that you may be familiar with. TransUnion is a consumer credit reporting agency — one of the three major credit bureaus that maintains … Read more