What can you do once you receive a judgment? We got in touch with a leading credit bureau to find out. If you fall behind on your monthly debt payments for more than twenty working days, your creditors will be forced to take steps to ensure the debt is settled. Firstly, you’ll receive a Section … Read more
The Paycheck Protection Program (PPP) provided a lifeline for many self-employed individuals and small business owners during the COVID-19 pandemic. These forgivable loans helped cover payroll, rent, utilities and other business expenses when revenues dropped dramatically. However, one common question that arose was – do PPP loans have to be paid back for the self-employed? … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … 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. The advice in this article is offered by the team independent of any bank or credit card … Read more
Rejection hurts. And itâs even more upsetting when it gets in the way of buying your dream home. Once you get your offer accepted, it may feel like thereâs nothing thatâll stop you. But, unless youâre a cash buyer thereâs one last hurdle youâll need to go through before everythingâs final. Itâs called the mortgage … Read more
For those who rented a home or apartment previously, the concept of making a monthly payment is a familiar one. However, as a homeowner making a monthly mortgage payment, your money won’t be going into your landlord’s pocket. Instead, your one monthly payment will help you cover a variety of things and help you earn … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
The steps you take to improve your credit score will depend on your unique credit profile. In general, its important to understand the factors that influence your score, including your payment history, amounts owed, length of credit history, credit mix and new credit. There are several ways you can improve your credit score, including making … Read more
The best time to pay your credit card bill is by the due date to avoid late fees and dings to your credit, but there may be situations when making a payment before the billing cycle ends can provide additional benefits. Paying your credit card bill on time eliminates the negative consequences of late payments, … Read more
Having derogatory remarks on your credit report can negatively impact your credit score and make it harder to get approved for loans mortgages credit cards, and other financial products. Thankfully, there are steps you can take to remove these negative items from your credit history. In this comprehensive guide, we’ll explain what derogatory remarks are, … Read more