Owing back taxes to the IRS can feel overwhelming You may be wondering how much time you actually have to pay off what you owe and avoid penalties. The good news is that the IRS provides flexible repayment options to help taxpayers in this situation In this article I’ll walk through the different payment plans … Read more
If you’re preparing to apply for a mortgage, you may be wondering if lenders look at your day-to-day spending habits when qualifying you for a mortgage. Lenders in Canada assess your financial health using multiple tools, including your credit report, credit score, and debt service ratios. Lenders may not care how often you buy coffee … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board is made up of financial experts whose job it is to make sure that all of our content is fair and unbiased. Bankrate is always editorially independent. While we adhere to strict , this post may … Read more
FHA loan income and employment requirements are an important step in the application process, most lenders do look for two-year work history, but there are some exceptions. FHA loans are government-backed mortgages designed to make homeownership more accessible. With low down payment options and flexible credit requirements, they’re a popular choice for borrowers with lower … Read more
Roughly 66% of cars financed go to borrowers with scores of 661 or higher, but those with lower scores have options. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their … Read more
Getting a mortgage to purchase a home can be a confusing process, especially when it comes to understanding the different types of mortgages available. One type that you may have heard of is the 15th ARM mortgage. But what exactly is a 15th ARM and how does it work? This article will provide a simple … Read more
It may be easier to stick to your budget if you take out a loan with a longer term, but this may not be the case for everyone. Purchasing a car with a long-term car loan has become more common in recent years, but that doesnt mean its the right move for everyone. Long-term car … Read more
Carrying a balance on your credit card means youâve paid off a portion of what you owe and left the rest for the next billing cycle. There are lots of reasons you might carry a balance. But itâs important to understand how it might affect interest charges, credit scores and more. Carrying a balance on … Read more
You have the right to dispute errors on your credit report. Fixing an error generally means contacting both the credit reporting company and the company that provided the information. If you suspect that the error on your report is a result of identity theft, visit IdentityTheft. gov , the federal government’s one-stop resource to help … Read more
The phrase “use it or lose it” is a good one to keep in mind when it comes to credit card habits. You can improve your credit score, avoid fees, keep your account open, and even get great rewards if you use your card often. This is a good start; just ask yourself (or us!) … Read more