Its an age-old question we receive, and to answer it requires that we start with the basics: What is the definition of a credit score, anyway? Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Credit scores are calculated using information in your credit report. Your payment history, the amount … Read more
The debt snowball method of paying off debts in order from smallest to largest can help you rack up quick wins for motivation. 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 … Read more
Having the title deed to your property is extremely important It legally proves ownership and allows you to take actions like selling your home or using it as collateral for a loan But what if you’ve misplaced your deed or are unsure who holds it? Don’t worry – this guide will walk you through how … Read more
Getting declined for a credit limit increase might impact your credit scores. Whether it does depends on if the card issuer reviews your credit report with a hard or soft inquiry before making their decision. If its a soft inquiry, your credit scores wont be affected at all. However, similar to when you apply for … Read more
Getting a $30,000 car loan may seem out of reach for some buyers, but it is achievable with the right preparation and knowledge. In this comprehensive guide, we will walk through everything you need to know to get approved for a $30,000 auto loan, from understanding credit scores to calculating payments and exploring different loan … 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. A charge-off on … Read more
One of the most common financial questions is how to get out of debt. Digging out of debt can be painful—but the payoff is empowering. Just think: All that money spent paying interest on past purchases could be money invested for your future. But it takes a committed and consistent plan to get out of … Read more
USAA is well known for providing financial services to military members, veterans, and their families. But is it a good option if you want to refinance your auto loan or mortgage? In this in-depth review, we’ll look at the pros and cons of using USAA for refinancing. A Brief Overview of USAA USAA is a … Read more
If you have no credit history, you have no credit score — but not a zero credit score. 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. However, this … Read more
Paying off your car loan early usually could cause a temporary drop in your credit score, but the dip typically lasts only a few months. However, paying your auto loan off early may not be the best use of your money if you have high-interest debt or your car loan has a low interest rate. … Read more