Hey there, folks! If you’re sittin’ there wonderin’, “Can creditors come after my spouse for my debt?” then you’ve landed in the right spot Here at [Your Company Name], we’re all about breakin’ down the tough financial stuff so you don’t gotta scratch your head over it Real quick—can they? Well, it depends on where … Read more
So, you’re eager to pay off your mortgage early? That’s a great financial goal to set for yourself! Not only is there huge freedom in being completely debt-free and living in a paid-for house, but it’s also a great way to build wealth—getting rid of your house payment leaves you with a ton of extra … Read more
When applying for a mortgage, lenders will require access to your bank statements and details of any accounts holding funds you plan to use for the loan. But can they see your entire financial history? Here’s what mortgage lenders can and cannot view when underwriting your home loan. Why Lenders Request Bank Statements There are … Read more
In general, keep unused credit cards open so you benefit from longer average credit history and lower credit utilization. Consider putting one small regular purchase on the card and paying it off automatically to keep the card active. A crowded wallet and the temptation to spend might have you thinking about canceling unused credit card … Read more
Paying bills with a credit card can be an easy and convenient way to earn rewards, get some extra time to pay, and simplify your finances by consolidating expenses onto one statement But could relying on plastic to pay your monthly expenses actually hurt your credit? The short answer is it depends When used responsibly … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. The advice in this article is offered by the team independent of any bank or credit card … Read more
Most approved borrowers have credit scores of 661 or higher, but there is no set score to get an auto loan. Having a credit score below 660 could make it harder and more expensive — though not impossible — to finance your car. Here is what you need to know about auto loan credit scores … Read more
According to the Amex website, American Express is accepted by 99% of places in the US that accept credit cards. This might seem hard to believe — considering the fact that you’ve probably walked into at least one business that says “No Amex” or something similar by the credit card terminal. I’m not here to … Read more
A 620 credit score is typically what you’ll need to get a mortgage for a home purchase. Although you can buy a house with a credit score as low as 500, you’ll pay a higher rate and make a larger down payment. You’ll also end up with a much larger monthly mortgage payment, which has … Read more
There is more than one valid way to fund a mortgage so you’re not limited to just your personal savings. This is a misconception that many prospective borrowers have, but there are other ways a mortgage deposit can be provided. Read on to learn about the different ways a proof of deposit for a mortgage … Read more