In September 2024, the Consumer Financial Protection Bureau (CFPB) settled with Navient, a once-major U. S. student loan servicer. Navient is banned from servicing federal Direct Loans and must pay $120 million in penalties and relief for affected borrowers. For years, Navient made serious errors that caused borrowers to accumulate thousands of dollars in additional … Read more
If you are thinking of buying a house or getting credit to achieve another personal goal like buying a car or a trip, you have certainly come across the term “credit intermediaries”. But what are credit intermediaries? What do they do?. A mortgage credit intermediary is a person or company that provides intermediation services between … Read more
A credit freeze restricts access to your credit report. If you suspect your personal information or identity was stolen, placing a credit freeze can help protect you from fraud. A good way to protect yourself from identity theft and fraud is to have your credit frozen. However, it stops you from getting loans, credit cards, … Read more
If you’re behind on taxes, you might be wondering if owing the IRS hurts your credit score. Bad marks on your credit report can last for a long time and make it harder to get a credit card, car loan, mortgage, and other things. In order to approve a borrower, lenders want to see proof … Read more
Owning a five-million-dollar home is a dream for many people. Even in the most expensive cities in the US, it’s a major accomplishment. But you also have to be confident that you can afford it. However, even if you make enough to get a loan, you still need to think about other costs. For most … Read more
The supposedly secret trick does not build your credit scores, despite what you may have heard. But there are some concrete steps you can take. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not … Read more
If you frequently shop on Amazon, getting an Amazon credit card can help you earn rewards on your purchases. One popular option is the Amazon Prime Rewards Visa Signature Card from Chase This card offers 5% back on Amazon and Whole Foods purchases, making it a great choice for avid Amazon shoppers But what credit … Read more
Lowering your monthly mortgage payment can have a positive impact on your budget. Here are some things you should know about refinancing before you decide if it’s the right choice for you. Sometimes it’s hard to make your monthly house payment because money is tight. There are ways to lower your mortgage payment and make … Read more
Debt-to-credit ratio is another term for your credit utilization ratio, which is the percentage of your available credit on a credit card that youre using at a given time. This number tells you how much credit you are using compared to how much credit you have available at any given time. Its an important factor … Read more
As the leading issuer of private label credit cards, we know a thing or two about options. Browse our cards, and find a convenient way to pay over time. Getting approved for credit can seem like a mysterious process. You fill out application after application, only to get rejected time and time again. What gives? … Read more
