Hey there, fam! Ever sat down, stared at your paycheck, and wondered, “Is this lil’ number messin’ with my credit score?” I’ve been there, trust me. We all wanna know if our salary—or lack thereof—is the reason we’re gettin’ denied for that shiny new credit card or loan. So, let’s cut to the chase: Does … Read more
How is it even possible not to have a credit score? Credit reports do not automatically appear when you get your social security number or open a bank account. Find out what it means if you have no credit score or credit report and the best practices for building credit. Did you know it is … 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 is a normal part of the debt collection process.It applies to most common types of consumer debt including: Hey there, friend! If you’ve ever been hounded by a debt collector over some old bill you barely remember, you mighta wondered, “How many times can a debt be resold, anyway?” Well, I’m here to spill … Read more
Lending and borrowing money are fundamental aspects of our financial system. When a lender provides a loan to a borrower both parties stand to benefit in different ways. In this article, we’ll explore the key advantages for lenders and borrowers when entering into a loan agreement. Advantages for the Lender For lenders, issuing loans provides … Read more
Many Americans are feeling the financial squeeze from multiple directions right now. For starters, stubbornly high inflation, which is currently running at around 3.5%, has driven up the cost of essentials like food, housing and energy. And, the Federal Reserve has been keeping its benchmark rate at a 23-year high in an effort to get … Read more
If your lender allows it and you can afford it, making extra principal payments on your car loan can help you save on interest and pay it off faster. However, consider whether thereâs a better use of your money, such as paying off high-interest debt. The average auto loan term is close to six years, … Read more
When it comes to credit limit increases, your credit scores could be affected in a few ways. But it depends on how the increase happens and how an expanded credit limit is used. Hereâs some information to help you learn more about how increasing your credit limit could affect your credit scores. Hey there fam! … Read more
In the pursuit of homeownership, affordability and accessibility are essential considerations. This is particularly true for borrowers navigating the real estate landscape for the first time or with limited financial means. Among the options available, FHA loans can help ease the financial barriers of buying a home. However, additional monthly costs and FHA housing standards … Read more
What really happens if I lose my job before closing on a mortgage? Losing your job within days of purchasing a home in New Jersey or another state can affect mortgage loan approval. While getting a new job may alleviate this, it does not guarantee that your lender will give you the loan. At Curbelo … Read more