Getting approved for an American Express card like the Blue Cash Preferred or Blue Cash Everyday can be a great way to earn lucrative rewards on your spending. However, American Express has high credit standards, so you’ll typically need good or excellent credit to qualify. You should aim for a credit score in this range … Read more
According to a 2021 report, the average American is $90,460 in debt. Common types of consumer debt include credit card bills, medical bills, and student loans. A recent survey reports that 47 percent of Americans carry a monthly balance on their credit cards. 70% of those people say they cannot pay it off this year. … Read more
Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. PMI adds to your monthly payment and delays homeownership. However, there are strategies to eliminate PMI, including getting an appraisal. This blog … Read more
Its commonly known that the better your credit reports and credit scores, the better interest rates and terms youre likely to get from lenders and other service providers. Solid credit reports and scores indicate a lower level of credit risk, which can cause lenders to feel more comfortable offering attractive terms. If you have poor … Read more
You have the right to dispute late payments that aren’t accurate on your credit report. To do this, contact your creditor or the credit bureaus and explain the problem. You can ask for a late payment to be taken off your credit report if it was given there by mistake or because the late payment … 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® Scores, issued by the Fair Isaac Corporation, are one of the most popular types of credit scores. FICO Scores were first introduced in 1989, and there are currently 16 distinct FICO … Read more
Taking out multiple mortgages is possible, but also complicated. Having two mortgages at the same time requires careful planning and consideration of how it will impact your finances. While it may make sense in certain situations, there are risks involved that you’ll need to weigh before moving forward. Is It Possible to Have 2 Mortgages? … Read more
The advice in this article is offered by the team independent of any bank or credit card issuer. This article might have content from our partners, and there are rules that apply to any deals that you click on or link to from this page. as of posting date, but offers mentioned may have expired. … Read more
How much you should save for a car depends on whether you want to buy a new or used car, if you have a trade-in, and how much you can spend. It is usually a good idea to save up for a down payment of at least 2020% for a new car and 2010% for … 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