In deciding whether refinancing is right for you, theres more to consider than just mortgage interest rates. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our … Read more
Settling your debt can provide much-needed financial relief. But it comes at a cost – damage to your credit score So if you’re considering debt settlement, it’s understandable to wonder – how long will it take to rebuild my credit afterward? The answer depends on several factors But with a focused effort, you can recover … Read more
When you allow your credit card debt to compound, it can be tough to keep up with the payments over time — and thats especially true in todays high-rate credit card environment. With card rates averaging over 23% currently, even small amounts of credit card debt can grow quickly and even the most well-prepared borrowers … Read more
Defaulting on a 401k loan can have serious financial consequences. When you borrow from your 401k, you are taking money out of your retirement savings. Failure to repay that loan triggers tax penalties and can greatly impact your retirement security. This article will explain what happens when you default on a 401k loan and how … Read more
Paying bills with a credit card can be an easy and convenient way to earn rewards, get some extra time to pay, and simplify your finances by consolidating expenses onto one statement But could relying on plastic to pay your monthly expenses actually hurt your credit? The short answer is it depends When used responsibly … Read more
Itâs generally best to wait six months between credit card applications. That will prevent hard inquiries from making a significant negative impact on your credit score. Its a good idea to wait at least six months between credit card applications to protect your credit score and avoid exceeding certain card issuers restrictions. Several applications submitted … Read more
If youre facing a financial emergency and cant cover this months car payment, a deferment on the loan could buy you some breathing room. Itll come at a cost, but it may be worth it to avoid the possibility of repossession. Finding yourself unable to make your monthly car payment can be an incredibly stressful … Read more
Imagine waking up to a world where the U.S. dollar (USD), the bedrock of global finance, has collapsed. This scenario may seem far-fetched, but its a narrative often found on dubious platforms pushing gold, crypto, and extremist political views, and it occasionally creeps into mainstream discourse. The greenback has always had its external foes during … Read more
Buying a house is an exciting milestone – in fact, 94% of Americans say that owning a home is part of the American dream. However, its important to be aware of the things not to do after buying a house. Avoiding common mistakes can save you time, money, and stress. Whether youre a first-time homeowner … Read more
While credit score requirements vary based on loan type, lenders generally require a credit score of at least 620 to buy a house with a conventional mortgage. The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan youre applying for … Read more