Most people nowadays seem to check their credit score on a regular basis. This is good. However, some studies appear to indicate that many Americans are confused as to what their credit score means. None of these are true. However, as long as people continue to believe that information, managing credit history is going to [...]
An individual's credit score constantly keeps changing. The reports issued by credit bureaus are just a snapshot in time. Lenders use these to decide whether or not they will accept an applicant because credit scores are unbiased methods to assess the risk associated with every consumer. Credit Bureaus and the FICO Score The three leading [...]
Buying a house is a long, tiring, and expensive process. The cost of the purchase of a house can be daunting, and while the final total cost will be different for everyone, you can roughly estimate the total cost. Housing sales are on the rise Housing sales are currently up 25.4% from a year ago. [...]
Maybe you have a dream of becoming a homeowner within five years. It's a hard, but possible goal. And to many, the most difficult part isn't finding the right home. It is affording that down-payment. Saving up can be a pain, especially if you are paying off loans and debts already. How do you save without [...]
Most who have a poor credit score are young. It might be because you’ve just started building it up. Or maybe you’ve ruined your score and would like to start over. Now it’s getting easier and easier to apply for a credit card with bad credit. According to the New York Federal Reserve Board, more [...]
At present, the economy is improving and the rate of foreclosures are decreasing. Compared to before, completed foreclosures in January were 21.7 percent less. But that doesn’t mean it doesn’t happen anymore. Foreclosure is still a very realistic problem. Especially if you live in states such as Florida, Michigan, Texas, California or Ohio. There [...]
Paying rent is undeniably the biggest strain on our paychecks above all other expenses. As of this year, over 11 million Americans spend over half of their income on rent, according to the annual State of the Nation's Housing Report from the Joint Center for Housing Studies of Harvard University. Another record high of over [...]
Buying a home is the biggest purchase most of us will make in our lifetime. Because of that, it is also the most demanding purchase in terms of preparation. Read on for three tips on what you’ll need to secure your home for life. Tips for all types Whether you’re a first-time buyer attempting to [...]
Every year, it gets easier and easier to open a credit card. As of 2014, 72% of all consumers in the U.S. had at least one credit card, according to the Census Bureau. In the age of digital commerce, it is very difficult to get by in the consumer world without using a credit card. [...]
Usually, when you search for advice on building, or improving your credit score, most people will suggest getting a credit card. A credit card, however, is not an option that appeals to everyone. So what other ways are there to improve your score? What is a credit score? A credit score is a number that [...]
