Paying off collections could increase scores from the latest credit scoring models, but if your lender uses an older version, your score might not change. Regardless of whether it will raise your score quickly, paying off collection accounts is usually a good idea. Its possible that paying off a collection account will increase your credit … Read more
You can repair your credit by yourself for free or pay a credit repair company to help you Repairing your credit doesnt cost anything if you do it yourself. If you hire a credit repair company to assist you, however, youll have to pay fees that typically range from $50 to $100 per month, although … Read more
When you finance a car, you take out a loan for anywhere between two and five years. But while you’re still paying off the finance on your existing car, you may be casting a casual eye on a newer one. Or you simply want to return the car early. Car dealers can help settle outstanding … Read more
The average credit card balance among U.S. consumers was $6,730 as of Q3 2024, an increase of 3.5% from the third quarter of 2023. Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt … Read more
The American Express® Centurion Card holds cult celebrity status, even among other premium credit cards. Colloquially known as the “Black Card,” this prestigious credit card is only available to big spenders by direct Amex invitation. If youre curious about this mythical card wielded by A-list celebrities worldwide, read on to learn more. Hey there, folks! … Read more
When it comes to building and maintaining good credit, most people know the main factors that make up their credit score – payment history credit utilization, credit history length, credit mix and new credit inquiries. But what about your bank balances? Do your checking and savings account balances play a role in determining your credit … Read more
If you’re starting out on the home buying journey, you might have heard of FHA loans, but what does “FHA” stand for and why should you consider this type of loan? A Federal Housing Administration (FHA) loan might be a good option if you have debt or a lower credit score. You might even be … Read more
Business owners often need money to start or grow their business. But startups, very small businesses, business owners with bad credit, and those with cash flow problems often have trouble finding funding. Scammers capitalize on these dreams or desperation of entrepreneurs, and steal money that could be invested into the business. “With the broad adoption … Read more
Exclusive credit cards are often associated with wealth and privilege, but using one can be more about being noticed than having deep pockets. Many of these swank cards are invite-only, with little to no confirmed information about how to get on the list. For the fortunate few, the benefits of these status-symbol cards can help … Read more
When you buy a home, some financial experts recommend making the largest down payment possible, while others suggest financing as much of your purchase as possible. The right answer depends on market conditions and your circumstances. “Its important to ask the right questions about how various down payment amounts will affect your mortgage insurance and … Read more