Among all of the difficult choices associated with buying a house, choosing a time of month to close might seem like a low priority. Compared to many home buying decisions, it’s certainly lower stakes. Nevertheless, there’s likely $500 – $2,000 on the line when it comes to your closing date. That’s enough to cover that … Read more
Getting a mortgage can seem like a maze of paperwork and requirements. One key document that gives mortgage lenders insights into your financial fitness is your tax returns. But how many years of tax returns do they need to review? Let’s break down exactly how far back mortgage lenders dig into your taxes. Why Lenders … Read more
A Credit Card limit is set when you’re approved for a Credit Card and is the maximum amount of credit you can use on your Card. All Credit Cards have a maximum and a minimum Credit limit. When you apply for a Credit Card, you’ll have the opportunity to indicate your preferred Credit Card limit. … Read more
When a transaction exceeds your credit limit, it may be approved or denied. If approved, you may face a fee, a higher interest rate or other consequences. A credit card limit is the maximum amount you can charge to your card. Your credit limit is set by your credit card issuer to prevent you from … Read more
Having debt is tough, and it is especially so if you are worried about any potential criminal consequences of that debt. This article looks at the issue of debt in criminal law, and whether it can lead to a criminal sentence. Debt is a problem that afflicts many people in today’s society. Prior to the … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. Under federal law, you are allowed to dispute information that shows up on your credit report both with the company that reported the information and with the reporting bureau that recorded it. … Read more
Losing a loved one is never easy and surviving family members are often left with the logistics of planning a funeral, cleaning out a home, and writing an obituary. It’s also possible for someone to die with debt — which poses the question, “Can you inherit debt?” Knowing what debts are forgiven at death and … Read more
A FICO® ScoreÎ of 727 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, 714, falls within the Good range. A large number of U.S. lenders consider consumers with Good FICO® Scores “acceptable” borrowers, which means they consider you eligible for a broad variety … 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
Your FICO® ScoreÎ falls within a range, from 740 to 799, that may be considered Very Good. A 742 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders better interest rates and product offers. In statistical terms, just 1% of consumers with Very Good … Read more