This article contains general information and is not intended to provide information that is specific to American Express products and services. Similar products and services offered by different companies will have different features and you should always read about product details before acquiring any financial product. Rapid rescoring is a process that allows borrowers to … Read more
Losing your job prior to closing could delay your closing date or, in some cases, lead to a lender denying your application for a mortgage. Hereâs what you need to do if you lose your job before closing on a house. The experience of losing a job is stressful in its own right, but if … Read more
If you pay as agreed, student loans can help your credit score. But missteps can hurt it. 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. However, this does … Read more
When financial pressures mount and debt payments become overwhelming, many people begin searching for potential relief options, like debt forgiveness, which reduces your balance and makes it easier to pay off the remainder of whats owed. But while credit card debt, medical bills and student loans tend to dominate debt forgiveness discussions, personal loans tend … Read more
Getting laid off or fired can be a stressful, even traumatic experience. It’s also a time to make sure you take care of your personal finances. Here are some tips on how to handle your 401(k). If you’ve been let go of or laid off, or if you just want to feel more prepared in … Read more
NINA loans, which stands for “no income, no asset” loans, were a type of mortgage popular in the early to mid-2000s that required little to no documentation from borrowers. As the name suggests, borrowers did not have to verify their income, employment, assets, or cash reserves to qualify for these loans. This made NINA loans … Read more
If you need to buy a new car but don’t have the money to pay for it in cash, a car loan can act as a lifesaver. And getting an auto loan with a repayment period that’s on the longer side can be an easy way to keep your monthly loan payments low. The standard … Read more
Understanding your credit score is vital to your financial health. Your credit score plays a major role in determining your eligibility for loans, credit cards, mortgages, rental applications, and more. Having a high credit score can save you thousands of dollars in interest payments over the lifetime of your loans. So how do you check … Read more
Your credit limit is a crucial aspect of your financial health, impacting everything from your credit score to your ability to make large purchases. At Peoples Bank & Trust, we believe in empowering our customers with the knowledge they need to manage their finances effectively. Heres a comprehensive guide to understanding your credit limit, how … Read more
What does it mean to get pre-approved vs. get pre-qualified for a mortgage, and what’s the difference between the two? Let’s take a look. Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval … Read more