When applying for a mortgage, banks will scrutinize your financial history to determine if you are eligible and can afford the loan. But how far back do they look? Here’s what you need to know about the mortgage approval process. Checking Your Credit Report One of the first things lenders do is pull your credit … Read more
Our credit scores impact so many different aspects of our lives each and every day. Everything from taking out a mortgage and buying a car on finance to using a credit or store card may be recorded on your credit file, which can affect your credit score. But how does your own credit score compare … Read more
On average, Americans carried $6,501 in credit card debt in 2023, according to Experian data. However, some credit card users have much more than thatâin rare cases, $50,000 or more. Getting rid of $50,000 or more in credit card debt can feel like an insurmountable task. However, with the right strategy, some good financial tools … Read more
Many taxpayers look forward to receiving a nice tax refund from the IRS each year. However you may find your refund is smaller than expected or not arrive at all. This is often because the refund has been garnished to pay certain outstanding debts. So can your 2021 tax refund be garnished? The short answer … Read more
Many college students end up needing at least some loans. But the long-term burden of debt can be overwhelming, with the average Class of 2021 graduate leaving school with more than $29,000 in federal and private student loan obligations. Few students manage to pay off these loans within the standard 10 years. And the longer … Read more
There is a significant amount of debate in the personal finance community about the benefits of being mortgage free. Many people love the idea of being completely and wholeheartedly debt free – mortgage included. They say you just sleep better at night, and you haven’t lived until you have a life of no payments. However, … Read more
Business Insiders personal finance team compared Newrez to the best mortgage lenders and found its offerings to be fairly standard, though we think it falls short when it comes to its customer service. Newrez mortgages are a solid option for nontraditional borrowers thanks to the lenders “Smart Series” mortgages, which include three non-qualifying mortgage (non-QM) … Read more
When dealing with outstanding debts, many consumers wonder about the possibility of settling for less than the full amount owed. Debt settlement can be a viable option for those struggling with overwhelming debt, but understanding how much a debt collector might settle for is crucial. In this article we’ll explore the factors that influence settlement … Read more
Lines of credit can provide versatility but there are risks to consider Part of the Series Running a Successful Small Business When you need money, you may consider getting a personal loan, which provides a lump-sum amount. However, if you don’t know exactly how much money you may need, you may want to consider a … Read more
This guide is for people who have no money to pay off their debts. Use this guide to: Having debt written off can sound like a positive thing, but it’s usually not. Let’s break down what debt write-offs mean and what consequences they can have. What Is A Debt Write-Off? When a lender writes off … Read more