The introduction of E-loans has significantly raised lending standards in India. E-loans have encouraged borrowers nationwide to avail of loans without hesitation. Unlike traditional lending, there are several advantages of E-loans, such as quick disbursal, easy loan application process, complete online process, minimal documentation, etc. Let us understand why you must choose E-loans for quick … Read more
The current average mortgage rate for someone with a good credit score (700) was 7.42% as of January 3, 2025, according to Curinos data. Your credit scores can directly impact your eligibility for a mortgage and the interest rate you receive. You may need a score in the high 700s (or higher) to get the … Read more
Adobe Stock For a simplified car-buying experience, many drivers turn to dealer-arranged financing. Rather than seeking out loans from financial institutions yourself, you can let your dealership run a check of your credit and find you an offer. However, this process may come with its own set of trade-offs. If you want to minimize additional … Read more
A delinquent account is a past-due account. Creditors can report late or missed payments to the credit bureaus once your payment is at least 30 days past due, and the delinquency can stay on your credit report for up to seven years. An account generally becomes delinquent when you dont pay the minimum amount by … Read more
Disclaimer: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. The time-honored real estate saying “Cash is King” conjures s of opulence and limitless possibility — jeweled crowns, velvet … Read more
So, you purchased something on a credit card, and you need to make a return. What happens next? Returning the item itself may be easy enough (depending on the store’s refund policy), but how you receive your refund will look different than it does when you make a return on a debit card or with … Read more
Credit repair is the process of improving your credit score by identifying and rectifying errors, negotiating with creditors, and building a more favorable credit history. “Think of it like housekeeping, but for your financial history,” says Mark Stewart, Certified Public Accountant for Step By Step Business. “Youre getting rid of the cobwebs and making the … Read more
The USDA home loan program offers affordable financing to low- to moderate-income homebuyers. However, credit score requirements vary by lender, and while the USDA itself does not impose a strict minimum, understanding these guidelines is essential. Getting a mortgage can be a complicated and stressful process. But USDA loans offer a more accessible path to … Read more
While achieving a perfect 850 credit score is rare, its not impossible. About 1.3% of consumers have one, according to Experians latest data. FICO scores can range anywhere from 300 to 850. The average score was 714, as of 2021. The few people who do manage to achieve perfect credit scores tend to share three … Read more
Federal student loan payments have officially started back. And maybe you’re already struggling to cover your payment every month. Unfortunately, ignoring your student loans will only make things way worse. Just a few things you can expect: being reported to credit agencies, late fees and payments being taken straight out of your paycheck. You could … Read more