One of the most visible indicators of your financial health is your credit score. By analyzing it, lenders know your level of responsibility when using credit. The higher your score, the easier it is for you to get loans or credit. Also, a higher credit score will give a lower interest rate when applying for … Read more
As of the third quarter of 2023, 1.54% of U.S. consumers had a FICO Score of 850, according to Experian data. Some notable traits of consumers with a perfect credit score include an above average number of credit cards, lower credit utilization rate and lower than average total debt. In many sports, its possible to … Read more
Hunting for a home costing up to $550,000? Youll be looking for a property in the higher end of the housing market, considering that the median sales price of an existing home stood at $407,200 in September, according to the National Association of REALTORS®. While buying a home at any price point is exciting, its … Read more
Credit scores are calculated based on the contents of your credit reports, which may include your payment history, credit utilization, credit mix, and more. Credit scores are important because they are designed to indicate your credit risk, or how likely you are to pay your bills on time and can affect everything from renting an … Read more
If you recently refinanced your mortgage, you might be wondering if youre eligible for a mortgage refinance tax deduction. Generally speaking, refinancing makes you eligible for the same tax deductions and benefits as any mortgage. Learn more about what you can deduct after refinancing so you know what to expect when you file. Refinancing a … Read more
If youâre an Amazon shopper, you may be thinking of applying for an Amazon credit card, like the Amazon Prime Rewards VISA Signature Card, the Amazon Rewards VISA Signature Card or the Amazon Prime Store Card, and understanding the eligibility requirements as well as how your credit profile compares to help you decide whether to … Read more
Understanding the escrow process is important when refinancing your home. Since real-estate transactions include long, multifaceted steps, escrow agents are in place to help refinancers and lenders track and disburse money according to the agreements made. However, many are unsure of the specifics of the escrow process when refinancing a home. In this article, we … Read more
Mastercard is one of the largest payment processors and credit card issuers in the world. Like other major credit card companies such as Visa and American Express Mastercard offers a range of credit card products across different segments and geographies. One common question that consumers have is whether Mastercard issues its own version of a … Read more
Thereâs no specific number of hard inquiries thatâs too many or too few. Although some hard inquiries might hurt your credit scores a little, credit scoring models also ignore many hard inquiries when consumers shop for a new loan. Hard inquiries in your credit report might hurt your credit scores, but theres no specific rule … Read more
The path to a great credit score can be a long one, and it can have some bumps along the way. But if you keep your credit utilization ratio low and avoiding anything negative (like missing payments, etc.) those bumps should be minor. Keep in mind that the credit game requires a fair amount of … Read more