Although it may vary between lenders and credit-scoring models, FICO® scores between 660 and 719 are considered prime credit scores. When looking at borrower risk profiles, a prime credit score is one level below super-primeâthe highest rating. Lenders and creditors view prime borrowers as a low risk. So if youâre looking to qualify for favorable … Read more
A strategic use of debt may help your clients achieve their short- and long-term financial goals. Americans are no strangers to debt. The average debt balance held by U.S. consumers is $101,915.1 Depending on how and why they’re borrowing, however, debt can be useful. Debt often gets a bad reputation when it comes to personal … 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
“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
This content may include information about products, features, and/or services that may only be available through SoFis affiliates and is intended to be educational in nature. Banks, credit unions, and private lenders may be willing to finance a 10-year-old car, but it can require some time and effort to find the right fit. Auto loan … Read more
Several risks come with not paying your credit card bills. You may accrue late fees and interest that further increase your debt, your credit card company may send your account to collections, and you may have a damaged credit score – making it harder to secure loans in the future. One option that creditors have … Read more
Whether you get the store card or the Mastercard version, this rewards card is best for T.J. Maxx brand loyalists who dont carry a balance. If youre like me, you love the treasure hunt of shopping at T.J. Maxx. The deals! The finds! But you could be unlocking even more benefits by paying with the … Read more
Hey there, if you’re staring down the barrel of missed mortgage payments and the word “foreclosure” is keepin’ you up at night, I feel ya. I’ve seen folks in this exact mess, wonderin’ if there’s a way out without losin’ everything. So, can you give your house back to the bank and dodge that foreclosure … Read more
Hey there, friend! If you’re sittin’ around wondering, “Is buying a house in cash a good idea?” then you’ve come to the right spot. I’ve been down this road, crunching numbers and stressin’ over whether to drop a fat stack of cash on a home or play it safe with a mortgage. Spoiler alert: there … Read more
Aim to spend no more than 10% of your monthly take-home pay on a car payment, but you may have flexibility. 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 … Read more