âDerogatoryâ is seen as negative to lenders, and can include late payments, collection accounts, bankruptcy, charge-offs and other negative marks on your credit report. This can impact your ability to qualify for new credit. A derogatory item is considered negative, and typically indicates a serious delinquency or late payments. Derogatory items represent significant credit risk … Read more
A 790 credit score is considered good. In fact, it falls into the very good category on the popular FICO® scale, and on the VantageScore scale, it’s even better, landing in the superprime or excellent range. Having a very good or exceptional credit score means you can usually qualify for many credit products, often with … Read more
Refinancing your mortgage can be a great way to save money on interest and pay off your home faster. But is it always worth it especially if you refinance to a shorter 10 year term? There are pros and cons to weigh when considering refinancing to a 10 year mortgage. What is Refinancing? First, let’s … Read more
Checking your own credit report or score wonât affect your credit scores. Itâs an example of a soft inquiryâa request for credit info that does not affect credit scores. Checking your own credit reports, or credit scores based on them, wont have any impact on your credit scores. Learn how you can check your credit … Read more
In this fresh guide, well address the common question, “How much can I borrow with an 800 credit score?” Well explore the borrowing capabilities associated with this exceptional credit score, highlighting how it enhances your loan approval chances and qualifies you for the most favorable terms. Also, well explore the factors that influence the loan … Read more
Equity release allows homeowners to access the wealth tied up in their properties while continuing to live there With UK house prices rising over the years, many older homeowners have built up substantial equity in their homes Equity release provides a way to tap into this money if needed. However equity release involves taking out … Read more
The Fair and Accurate Credit Transactions Act (FACT Act or FACTA) is an important piece of federal legislation passed in 2003 that has had a major impact on consumer rights and identity theft prevention. In this article, we’ll provide an overview of what the FACT Act does, its key provisions, and why it matters for … Read more
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Lowering your monthly mortgage payment can have a positive impact on your budget. But before you decide if refinancing is the right choice for you, take a look at some of the details. Making your monthly house payment can feel like a burden especially when money is tight. Fortunately you have options to lower your … Read more
A house is one of the biggest purchases you can make, so figuring out how much you can afford is a key step in the home-buying process. You’ll need to start by weighing how much money you have coming in — your monthly earnings from your job, investments and any other streams of income — … Read more