According to a 2021 report, the average American is $90,460 in debt. Common types of consumer debt include credit card bills, medical bills, and student loans. A recent survey reports that 47 percent of Americans carry a monthly balance on their credit cards. 70% of those people say they cannot pay it off this year. … Read more
Hey there, folks! If you’re scratching your head wondering, “Can I use PPP to buy a car?” then you’ve landed in the right spot. I’m gonna lay it out plain and simple for ya Nope, you can’t The Paycheck Protection Program (PPP) wasn’t set up for splurging on a shiny new ride, whether it’s for … Read more
Exclusive credit cards are often associated with wealth and privilege, but using one can be more about being noticed than having deep pockets. Many of these swank cards are invite-only, with little to no confirmed information about how to get on the list. For the fortunate few, the benefits of these status-symbol cards can help … Read more
One of the first steps on your home-buying journey is saving up for a down payment. A down payment is an upfront lump sum that a buyer pays toward the purchase price of a home, which is separate from closing costs. It’s typically expressed as a percentage of the total cost of the home, with … Read more
Buying a home is likely one of the biggest financial decisions you’ll make in your life. And for most homebuyers, securing a mortgage is necessary to purchase property. But how much does the average UK mortgage amount to? Let’s take a look at the data and what impacts mortgage amounts. Average Mortgage Values According to … Read more
Getting approved for an American Express card like the Blue Cash Preferred or Blue Cash Everyday can be a great way to earn lucrative rewards on your spending. However, American Express has high credit standards, so you’ll typically need good or excellent credit to qualify. In this article, I’ll explain the credit score ranges you … Read more
Withdrawing funds from your 401(k) retirement account is a major financial decision that requires careful consideration. Many people wonder if tapping into their 401(k) could negatively impact their credit score. The short answer is: No, 401(k) withdrawals do not directly affect your credit score or appear on your credit report. However, there are some important … Read more
What to know before you head to a dealership, and what to ask once you’re there Finding the right car and then negotiating the best price can be a whirlwind experience. So what do people who have recently purchased a new car wish they had considered more carefully? We asked CR followers on social media … Read more
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
When the costs of property taxes or homeowners insurance change, so will your monthly mortgage payments. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions … Read more