You’re ready to buy a car, but first you need to figure out the right way to finance it. The good news is that you have options: You can get your car loan from a bank or credit union, or you could go through the dealer. Both have their benefits and considerations, and it’s best … Read more
Hey there, dreamin’ of owning your own pad but thinkin’ Centrelink payments might slam the door shut? Well, lemme tell ya straight up—yes, you can buy a house on Centrelink, but it ain’t a walk in the park. It’s doable with the right know-how, a bit of grit, and some smart moves. We’re gonna break … Read more
A cash advance on a credit card is when a cardholder uses their card to withdraw cash against the cardâs credit line. A cash advance can offer flexibility, but it generally comes with additional fees and higher interest rates than typical credit card purchases. Learn more about getting a cash advance on a credit card, … Read more
How is it even possible not to have a credit score? Credit reports do not automatically appear when you get your social security number or open a bank account. Find out what it means if you have no credit score or credit report and the best practices for building credit. Did you know it is … Read more
Depositing large amounts of cash into your bank account can trigger reporting to the IRS. This article explains how much you can deposit before the bank notifies the tax authorities. What is the Cash Deposit Reporting Requirement? Banks and credit unions in the US are required to report cash deposits over $10,000 to the Internal … Read more
The Fair Credit Reporting Act (FCRA) is a pivotal federal law that regulates how consumer credit information is collected shared and used. Enacted in 1970, the FCRA seeks to promote fairness, accuracy, and privacy in credit reporting. While the law applies broadly, certain entities are exempt from full FCRA regulations. Overview of the FCRA The … Read more
Getting a mortgage when you have a lot of debt can feel daunting However, it is possible depending on your overall financial situation. In this article, I’ll explain how lenders assess debt, steps you can take to improve your chances, and when it makes sense to speak with a mortgage adviser How Lenders View Debt … Read more
This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. If you’re in the market for a new (or new-to-you) set of wheels with plans to finance it, predicting your interest rate will help you figure out the total costs of the … Read more
Buying a car is an exciting experience However, determining how much your monthly payments will be for a $15,000 car loan can be confusing In this comprehensive guide, we’ll walk through everything you need to know to figure out your monthly payment for a $15k auto loan. What Factors Determine Your Monthly Car Payment? Your … Read more
While credit score requirements vary based on loan type, lenders generally require a credit score of at least 620 to buy a house with a conventional mortgage. The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan youre applying for … Read more