It doesn’t matter whether you make $10,000 per year or $1 million per year — we all go through financial ups and downs. Medical issues, employment gaps, unexpected expenses, and other basic parts of life can get expensive in a hurry. If you’re in a […]
There are two ways that lenders or other parties can inquire: it can be a soft inquiry or a hard inquiry. A hard inquiry is an application for new credit, such as when you apply for a new loan or credit card. A soft inquiry, […]
Do you have no credit or bad credit? Are you looking for ways to increase your score? Becoming an authorized user may help. It shouldn’t replace your own good habits, but it may give your credit score a boost. What is an Authorized User? Authorized […]
FICO is a big name when it comes to credit. The vast majority of lenders will look at your FICO score when determining your credit worthiness. But what exactly is the FICO 10 score and how is it calculated? What you might not have realized […]
President Biden may still be new to his office but he has come in with big dreams for countless aspects of the country. While his COVID-19 strategies have been receiving most of the press time, there are many economical proposals and ideas he has on […]
If you’re the financially responsible one in your family, your family members may ask you to cosign their loan. It’s no secret that borrowers with great credit get better interest rates and terms, but it’s not right for everyone. Here’s what to consider before cosigning […]
Whether you’re buying a car, taking out a mortgage, or applying for a personal loan, your potential lenders are going to use your creditworthiness to help determine whether you qualify for the loan. Your creditworthiness is a combination of the history of on-time payments, number […]
When approving applicants for a home loan, mortgage lenders look for borrowers with fair to excellent credit. Because most borrowers are seeking hundreds of thousands of dollars, the overall belief system is: “If a borrower can’t properly manage smaller debts, why should we trust them […]
When a family member opens a line of credit in your name, it puts you in a difficult position. You don’t want to get someone you love into trouble, but you also don’t want to risk damaging your credit or being responsible for their spending. […]
Catching up on bills isn’t as easy as getting behind. When you miss a payment, you’re likely facing late fees that dig your debt hole a little deeper. And until you can catch up, you’ll continue getting hit with late fees, not to mention mounting […]
