Some things that can help you improve your credit score are paying your bills on time, using authorized users, fixing mistakes on your credit report, and paying your credit card bills more than once a month. Many, or all, of the products featured on this page are from our advertising partners who compensate us when … Read more
Although it may vary between lenders and credit-scoring models, FICO® scores between 660 and 719 are considered prime credit scores. When looking at borrower risk profiles, a prime credit score is one level below super-primeâthe highest rating. Lenders and creditors view prime borrowers as a low risk. Working toward a prime credit score can help … Read more
Paying off your mortgage can be a game-changer for your financial health and overall financial confidence. Data collected by NASDAQ suggests that while only 28% of homeowners below retirement age have paid off their homes, nearly 63% of those 65+ have done so. These statistics highlight Americans’ importance in entering retirement with freedom from what … Read more
A 401(k), which many people already know, is a company-sponsored retirement account that a person can put money into to get things going. In most cases, a company will add or match to that account as long as you work for them. Whether you have a standard 401(k) or an after-tax dollars 401(k) account, you … Read more
Aim to spend no more than 10% of your monthly take-home pay on a car payment, but you may have flexibility. 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 … Read more
Hey there, fam! Ever sat down, stared at your paycheck, and wondered, “Is this lil’ number messin’ with my credit score?” I’ve been there, trust me. We all wanna know if our salary—or lack thereof—is the reason we’re gettin’ denied for that shiny new credit card or loan. So, let’s cut to the chase: Does … Read more
Whatever your goals, a personal loan can help you reach them faster. Borrow $2,000 – $35,000* for things like a medical bill, a home project, or an unexpected expense. Hey there fam! If you’re in a tight spot and need some quick cash you’ve probably been wondering, “What’s the easiest loan to get approved for?” … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
The quicker you’re able to pay down the principal of your loan – or the amount of money you’re borrowing – the less interest you’ll have to pay. The amount of money you’re borrowing is known as your principal. The interest is the cost you pay for borrowing money. Interest and fees are generally paid … Read more
Understanding your debt-to-income (DTI) ratio is crucial when applying for a mortgage. This ratio compares your monthly debt payments to your monthly income and helps lenders determine how much house you can afford. But what exactly gets included in the DTI calculation? Specifically, does your escrow payment for taxes and insurance count? The short answer … Read more