Into each life some debt must fall, to borrow the famous adage about rain. And, in the same way that April showers bring May flowers, the right kind of debt in the various stages of life can cultivate a prosperous future. Your first student loan, car loan or mortgage, for example, is often viewed as … Read more
Having a high mortgage payment can put a strain on your monthly budget. While refinancing is often the go-to solution for lowering payments, it comes with costs and isn’t right for everyone. Fortunately, there are alternative ways to reduce your mortgage expenses without refinancing. Evaluate Options to Lower Mortgage Payments Here are 6 methods to … Read more
The current high inflation rate in the US has led to steadily increasing home mortgage rates, from around 3% in 2021 up to 7% in July 2023. Although you can refinance a mortgage for varying purposes, many homebuyers are counting on a refinance in the future when mortgage rates inevitably drop below the current rates. … Read more
Creditors can garnish your bank account through a bank levy, which allows them to take money directly from your account. Most creditors must sue you and get a court judgment first, but government agencies like the IRS and state child support offices can garnish without a court order. Unlike wage garnishment, which has limits, a … Read more
A county court judgment (CCJ) is a court order that might be registered against you if you don’t repay money you owe. You can get them in England, Wales and Northern Ireland. In Scotland, the equivalent process is called enforcing a debt by diligence. A CCJ stays on your credit file for six years from … Read more
Hey there folks! If you’re wonderin’ whether Wells Fargo uses TransUnion when you apply for a credit card or other financial goodies, you’ve landed in the right spot. At CreditSavvy Hub we’re all about breakin’ down the nitty-gritty of credit stuff so you ain’t left scratchin’ your head. So, does Wells Fargo use TransUnion? Short … Read more
You’re unique, and so is everyone else! How long you want your auto loan can be dependent on your personal circumstances and simply what you qualify for. But if you’re not sure what loan terms you should aim for and your credit score isn’t the best, we’ve got some suggestions. When it comes to car … Read more
Applying for a new credit card can complicate your homebuying experience. To minimize the risk of credit-related issues during the mortgage process, it’s best to avoid making any major changes to your credit activity, including opening new credit cards. Getting a mortgage to buy your dream home can be an exciting yet stressful process. You … Read more
The Tax Cuts and Jobs Act of 2017 had several implications for refinancing. Understanding the new tax rules can help you minimize your tax burden after you refinance your house. In this article, we’ll talk about some of the deductions you can claim on your federal taxes after a refinance, and how long you can … Read more
If youâre wondering how many credit cards you should have, thereâs no one-size-fits-all answer. But your number depends on your situation and goals. In general, you might look at whether having a single cardâor several cardsâhelps you build credit, manage your finances and take advantage of perks and rewards. Getting your first credit card as … Read more