When applying for new credit, lenders will conduct a hard inquiry on your credit report to assess your creditworthiness. This results in a hard credit check that can temporarily lower your credit score. Many consumers wonder – how many hard credit checks is too many before it starts negatively impacting your ability to get approved … Read more
A mortgage is one of the biggest debts you’ll have in your lifetime. While you may be working toward tackling credit debt, a car loan, student loans or all the above, the balance of your mortgage may be a little harder to chip away at. If you’re motivated, you can make an additional mortgage payment … Read more
Should you pay off debt or save for your dream house? Its a common dilemma many prospective homeowners face. On one hand, clearing debt can improve your financial health and creditworthiness, potentially securing better mortgage terms. On the other hand, saving for a down payment while carrying debt might delay your homeownership plans. Whether you … Read more
The average new car loan interest rate for a buyer with an excellent credit score was 5.08% in Q3 2024. That average rises to 15.43% for borrowers with poor credit scores. Learn how your credit score affects your auto loan interest rate. Your credit score is a critical factor in determining your eligibility for an … Read more
Market Financial Solutions are a bridging loan and buy-to-let mortgage provider and are not legal, financial, investment or tax advisers. This document is for informational purposes only and does not, and should not be considered, to constitute legal, financial, investment or tax advice or be relied upon by any person to make a legal, financial, … 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
Credit scoring systems comb and analyze credit reports to evaluate how you manage credit. They focus on factors such as your payment history, your total debt, usage of available credit, length of credit history, credit mix and new credit. Credit scoring systems such as the FICO® ScoreÎ 8 and VantageScore® analyze credit report information to … Read more
Nearly a quarter (22%) of Americans have a FICO Score of 800 or higher, which the credit scoring company describes as exceptional. “Exceptional.” Depending on ones frame of mind, the word may conjure up anything from a mint condition rookie card to possibly being asked, again, to stay after class. But in the world of … Read more
In this post, we’re going to touch upon unfortunate circumstances: death. The death of a loved one is incredibly hard to go through. We hope that we can, at the very least, make navigating these tragic circumstances a little bit easier. We’re going to be discussing what to do if, when your spouse has died, … Read more
If youve ever checked your credit score and wondered what it takes to reach a perfect 850, youre not alone. An 850 FICO® Score is the holy grail of creditworthiness, but what does it actually mean and does it even matter? While hitting 850 is an impressive milestone, you dont need a perfect score to … Read more