Lines of credit can provide versatility but there are risks to consider Part of the Series Running a Successful Small Business. When you need money, you may consider getting a personal loan, which provides a lump-sum amount. You might want to think about a line of credit, though, if you aren’t sure how much money … Read more
Have you decided that buying a car is not the best option for you and you’re going to check out car auto/leasing instead? Leasing does have some important advantages over buying but it’s not the only alternative (car subscriptions are becoming increasingly popular, more about that later) and, besides, there are some good reasons not … Read more
What happens if I lose my job before closing on a mortgage? If you lose your job in the days before closing on a mortgage in New Jersey or another state, the lender may not approve your loan. While getting a new job may alleviate this, it does not guarantee that your lender will give … Read more
Your credit score is only three numbers, but they can have a big effect on your money. Your credit score is calculated based on information in your credit report that is put through a credit scoring model. Consumer credit scores help a lender predict how likely it is you’ll pay your bills on time. This … Read more
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