Are you ready for the greatest wealth transfer in history? Ready or not, it’s already happening! It’s estimated that $70 trillion worth of assets will pass down from older to younger generations over the next two decades.1 That is a lot of money—and some of it might be heading your way. But if you’re not … Read more
When a loved one passes away, it can be an extremely difficult and emotional time for family members Not only are you grieving, but you may also have to deal with the deceased person’s unfinished financial affairs One common question that arises is how long creditors can continue trying to collect on debts after someone … Read more
Borrowers often wonder if they can pay off their home equity line of credit (HELOC) early. The short answer? A resounding yes, because doing so has many benefits. But how does paying back a HELOC work? Paying off debt sooner means youll owe less in interest over the life of the loan, which saves you … Read more
This article contains general information and is not intended to provide information that is specific to American Express products and services. Similar products and services offered by different companies will have different features and you should always read about product details before acquiring any financial product. Closing a credit card with a zero balance could … Read more
You might be able to deduct mortgage interest on your taxes if you itemize and follow a few other guidelines. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. … Read more
If you’ve been searching online for a short-term loan option, chances are you’ve come across Lendumo. But who exactly is Lendumo and what do they do? In this article we’ll take a deep dive into Lendumo to give you the full scoop on this tribal lender. Introducing Lendumo – A Tribal Lender Offering Small, Short-Term … Read more
Financing your house with a mortgage probably means you just signed up to repay hundreds of thousands of dollars. For this reason, lenders wont lend to just any borrower. You can expect a lender to closely review your financial health, including your credit score, before giving the stamp of approval. Heres what credit score is … Read more
The American Express Business Platinum Card operates as a charge card rather than a traditional credit card, which means it has no preset spending limit. Instead of a fixed credit limit, American Express determines your purchasing power based on your businesss financial profile, payment history, credit record, and spending patterns. This approach allows your spending … Read more
Because of this, your credit scores with each bureau will be different. These differences are the reason it’s important to not only keep track of your Equifax credit score but your TransUnion credit score as well. Because of this, you don’t have just one credit score; essentially, you have two. In Canada, there are two … Read more
Youve fallen behind on a loan payment—far behind. After a certain period of non-repayment, your debt is considered a charge-off, or a debt that your creditor assumes you wont pay. Although youre still legally liable for this debt, your original creditor may turn it over to a collection agency to recover it. Getting behind on … Read more