Hey there, fam! So, you’ve just dropped a huge chunk of change on a new crib—congrats! But now, you’re eyeballin’ a shiny new ride to park in that driveway. Hold up, though—is it really okay to buy a car after buying a house? I get it, you wanna roll in style, but we gotta talk … Read more
You can build credit with a credit card by regularly using the card, using a small amount of your credit limit and making all of your payments on time. By following these tips, you can build a good credit score. Credit cards offer one of the best ways for you to build your credit and … Read more
You have the right to file disputes to get inaccurate late payments removed from your credit report by contacting your creditor or the credit bureaus to remedy the issue. You have the right to try to remove a late payment from your credit reports if it was reported in error or the late payment was … Read more
Like understanding your credit score, getting to know your debt-to-income (DTI) ratio is an important part of managing your overall financial picture. More than 40% of Americans are looking for ways overcome debt, according to the 2024 Wells Fargo Money Study, and understanding your DTI ratio can help you make informed decisions about managing debt … Read more
This is a normal part of the debt collection process.It applies to most common types of consumer debt including: Having a collection account on your credit report can be frustrating, especially if you’ve already paid off the debt. Collections can significantly drag down your credit score, making it harder to qualify for loans, credit cards, … Read more
If you’re new to the world of buying real estate, you’ll quickly discover that you have lots of choices when it comes to selecting the right lender and the right home loan. One particular loan option you’ll need to weigh before buying a home is a 15-year versus a 30-year mortgage to decide what makes … 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
Most commonly used in regards to bank failures, a bailout is when a business, individual, or government provides money to a failing company. This is with the aim to prevent that business’s potential downfall. That can include bankruptcy which leads to the business defaulting on its financial obligations. Bailouts were a strong tool in the … Read more
You’ve got some super and you’ve got a mortgage. Your super is yours and you want to pay-off your mortgage. Paying off your mortgage is a dream for many homeowners. After years of making payments, wouldn’t it be nice to finally own your home outright and not have a monthly mortgage bill? If you have … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. You can sometimes reopen a closed bank account depending on the bank’s policies and the reasons for the closure. Accounts that you closed or that were closed due to inactive status tend … Read more