Mortgage lenders usually verify your employment by contacting your employer directly and reviewing recent income documentation. The borrower must sign a form authorizing an employer to release employment and income information to a prospective lender. At that point, the lender typically calls the employer to obtain the necessary information. Employers are usually happy to help, … Read more
Buying a home is an exciting milestone, but the mortgage process can feel daunting. One key stage is the final checks lenders complete before releasing funds at completion. These last-minute verifications ensure your finances remain stable Understanding what these final checks involve helps you prepare and avoid stressful surprises. This guide explains the key checks … Read more
The Fair Credit Reporting Act (FCRA) is a powerful law designed to protect your rights as a consumer. Although it’s well-known for regulating credit reporting, the FCRA safeguards your job applicant and employee rights. It ensures that information collected and reported about you is accurate, allows you to challenge errors, and prevents unfair treatment in … Read more
When selling a home, sellers have the option to accept offers from buyers using different types of mortgage loans. Many sellers prefer bids made with conventional loans rather than government-backed loans like FHA or VA loans There are several key reasons why a seller may favor conventional loans when reviewing offers on their property What … Read more
Paying off your credit card bill in full each month is generally considered the financially responsible thing to do. But how do credit card companies themselves feel about customers who pay in full versus those who carry a balance? Let’s take a closer look at whether credit card issuers prefer you to pay in full … Read more
When you finally receive the deed to your new house, it’s an exciting moment – the deed represents legal proof that you officially own the property. But then the question arises: as the homeowner, who should actually keep possession of the physical deed document? This article will provide a comprehensive look at house deeds – … Read more
Your FICO Score is what lenders, landlords and other service contractors refer to when determining whether you’re a responsible borrower and measure how likely it may be that you’ll default on a payment contract. The sooner you become familiar with how to build up a solid FICO Score and understand how it impacts your financial … Read more
Credit One and Capital One are not the same—each are independent financial companies with no direct relation to each other. Some may assume Credit One is an offshoot of Capital One, but this isn’t the case. Capital One credit cards are widely known and augment its traditional banking services, including loans and checking accounts. Credit … Read more
Checking someone’s credit report can be useful in certain situations, but it also raises privacy concerns. Here’s a guide on the legal ways to access a credit report for someone else and what to watch out for. When Is It Legal To Check Someone Else’s Credit Report? There are only a few specific situations where … Read more
While Citi declined to comment on which consumer credit agency it primarily uses to pull credit reports when evaluating credit card applicant creditworthiness, crowdsourced data has previously indicated the bank relies primarily on Experian for its credit reports but has been known to pull from other credit bureaus, too. Citi, a Forbes partner, does report … Read more