Carrying high amounts of debt can feel overwhelming. But with some planning and discipline, it is possible to pay off even $40,000 in debt in just one year Here are the most effective strategies to tackle $40,000 in debt fast Take Stock of Your Debts The first step is to clearly understand all the debts … Read more
It’s common to apply for an auto loan and be required to put some money down to get everything rolling. But who gets the down payment? Buying a new car is an exciting experience. But when you sit down at the dealership to finalize your purchase, you may be surprised when the salesperson asks you … Read more
When a loved one dies, the last thing you want to think about is the persons finances. However, its important to understand what happens to credit and debt after death. Do Credit Card Companies Know When Someone Dies? Losing a loved one is never easy. In the midst of grief, there are many financial and … Read more
For many people, having children is one of the most rewarding experiences of their lives. But it also comes with great responsibility, including financial obligations. Did you know that your child could directly impact your VA home loan? Let’s explore how your kids may play a role in whether youre approved for or denied a … Read more
Youâre getting married. Itâs romantic. Itâs exciting. Itâs sometimes overwhelming. With so much to plan and do, you might not have thought about how marriage affects your finances. For example, what happens to your credit? While getting married doesnât directly affect your credit scores, it can have financial implications that do. Knowing whatâs in your … Read more
In the U.S., two companies dominate the credit scoring industry. FICO® is the industry leader, but VantageScore® has been gaining market share since the three major credit reporting agencies created it in 2006. Both companies develop credit scores that lenders and creditors can use to evaluate applicants and manage customers accounts. However, VantageScore and the … Read more
If you’ve got a 666 credit score, you’re on the higher end of what’s considered fair credit. It’s a solid jumping-off point, although there’s still plenty of room to improve your credit profile. Remember, the higher your score, the more creditworthy you appear to lenders — which can mean lower interest rates, as well as … Read more
The amount of debt you can consider “reasonable” will vary widely depending on a number of factors about your financial situation and the type of debt you have. Youll need to consider how you are using the debt and how you are able to pay it off, as well as the debts impact on your … Read more
Your early 20s are an exciting time filled with new responsibilities and opportunities. While you may feel overwhelmed or unsure about managing your finances, the actions you take today can set the stage for your entire financial future. Here are 9 smart ways to start building wealth in your early 20s: 1. Create a Budget … 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