Having mistakes and errors on your credit report can seriously drag down your credit score. Late payments, collections, and other negative items can stay on your report for years, impacting your ability to qualify for loans, credit cards, affordable insurance rates, apartments, and more. But you don’t have to just live with the damage—you can … Read more
The advice in this article is offered by the team independent of any bank or credit card issuer. This article may contain from our partners, and terms may apply to offers linked or accessed through this page. as of posting date, but offers mentioned may have expired. Bankrate logo At Bankrate, we have a mission … Read more
In the United States, it is legal to buy a house at the age of majority, which is 18 years old in most states. Reaching the age of majority empowers individuals to sign legal agreements and complete real estate transactions. Before reaching the age of majority, individuals can legally own property by being placed on … Read more
Buying a car is an exciting milestone in life However, as you start shopping around, you may find that your credit score plays a big role in determining whether you can get approved for an auto loan, and what interest rate you will pay If your credit score is 720, you may be wondering if … 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. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
Credit scores are three-digit numbers designed to represent how likely you are to repay a lender on time. Potential lenders and creditors look at your credit scores as one factor when deciding whether to offer you new credit. Lenders may also use your credit scores to set the interest rates and other terms for any … Read more
The five Cs of credit are important because lenders use these factors to determine whether to approve you for a financial product. Lenders also use these five Cs—character, capacity, capital, collateral, and conditions—to set your loan rates and loan terms. Hey there, ever found yourself sweating over a loan application, wondering what the heck lenders … 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
Borrowers seeking a mortgage to purchase or refinance a home must be approved by a mortgage lender to get their loan. Banks need to verify the borrowers financial information and may require a proof or proof of deposit (POD) form to be completed and sent to the borrowers bank. A proof of deposit may require … Read more
A 702 credit score qualifies as good. According to FICO, a good credit score starts at 670, so you can give yourself a pat on the back if you have a 702 score or thereabouts. You’ll have an easier time landing that mortgage, car loan, or personal loan than if you had a poor or … Read more