Credit scores are grouped into ranges between 300 to 850. The ranges are used by lenders to determine your creditworthiness. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. … Read more
What Interest Rate Can I Get with a 790 Credit Score? Having a credit score of 790 puts you in an excellent position when it comes to getting approved for loans and credit cards. But what does this high score actually mean in terms of the interest rates you can qualify for? In this comprehensive … Read more
To understand available credit, it might help to imagine that youâre borrowing cash from a friend. Say your friend loans you $10 and you spend $4. If the original $10 you borrowed represents your credit limit, the $4 you spent is your current balance. And the $6 you have left is your available credit. Learn … Read more
Getting an unexpected check in the mail can be puzzling. If it’s from the government or another organization, you may be wondering – why did I get this disbursement check? Understanding disbursement checks can help you identify the source and purpose of the payment. What is a Disbursement Check? A disbursement check is a check … Read more
Received a 1099-C form? Find out when canceled debt is considered taxable income, the exceptions that apply, and how to accurately report it to the IRS. Learn the implications of debt forgiveness on your overall tax situation. If your debt has gotten so large you can no longer afford to pay it, negotiating a debt … Read more
An FHA loan is a mortgage insured by the Federal Housing Administration. FHA loans are helpful for buyers with limited savings or lower credit scores. 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 … Read more
When it comes to credit cards, “good” can mean a lot of things, but today, we’re talking credit limits. You know, the magical number that determines how much you can spend before your card gives you the cold shoulder. But what exactly is a good credit limit? Is it enough to cover a trip 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
Any business that offers sales on credit runs the risk of being unable to collect on some of its debts. These uncollectable debts are known as bad debt expenses. When this does happen, it’s essential that you understand the steps to record a bad debt expense in an accounting entry. In this article, we’ll define … Read more
Prospective homebuyers have faced a range of issues over the last couple of years, including low levels of for-sale home inventory and high home prices that have climbed due to steady demand. And, in todays elevated rate environment, the average rate on a 30-year fixed mortgage loan is hovering near 7% — over twice the … Read more