To consolidate a debt is a process of grouping a number of debts into one loan. This is called an “assumed debt,” because you are taking someone else’s debt and having that debt become your responsibility. When you consolidate your debts, you have the option to lower your monthly payments and interest rates by making […]
Credit score is a number calculated from the information found on your credit report. A credit score is one of the three major factors in determining if you will be approved for a loan, credit card or other type of credit. A credit score is obtained from your credit report because you have voluntarily made […]
Lenders often use credit scores in determining interest rates and how much a person will have to borrow. A low credit score can lead to unsecured debt, a higher cost of borrowing, or difficulty qualifying for loans. However, it’s also easy to see how things unrelated to debt (such as skipping out on paying rent) […]
Credit scores are meant to show the risk companies take when extending financing. They do not give you a grade on your character or personality, just how much risk you are taking. It is possible to dramatically improve your credit score in a matter of months with minimal effort and no debt, using these three […]
A variety of different factors make up the diverse components that comprise a person’s credit score, which is why an individual’s experience may vary depending on their personal ability to capitalize on these opportunities or not. Here’s a list of the most important factors that affect your credit score. 1. How much debt you have […]
There is a lot of decision-making involved when it comes to buying a house. There are many factors you need to consider before making that decision. The following article provides some useful advice on the topic of factors to consider before buying a house. 1. Budget If you are going to buy a house, you […]
Home buying can be a scary process, and there are many first-time home buyer mistakes to be made. However, with a little preparation and some helpful tips, you’ll be off on the right foot! This blog post will cover five of these home buying tips that any first-time home buyer should know before they purchase […]
