You know the saying, “You have to spend money to make money?” Sometimes, the same sentiment is true for building credit. To prove you are creditworthy, you may need to take out loans or use credit cards and pay back the debt on time and as agreed. But...
According to Equifax, one of the three major credit reporting bureaus, the average credit score for people in the United States hovers around 698. That’s a decent score and one high enough to get you access to various forms of credit including mortgages, credit...
To get a loan of any kind, you have to be approved by the lender. And that means meeting the eligibility requirements. But what are the eligibility requirements for a personal loan? Turns out there’s not an easy, one-size-fits-all approach to that answer. Find...
A good credit score is one that helps demonstrate to creditors that you’re likely to make payments on your debt as agreed. But what’s the magic number your score must rise above to be considered good, and how do you get there? Find out more in the quick...
If you get approved for a loan, your lender will typically provide you with all the details on how to pay it back. That includes how much you need to pay and when. But understanding how to calculate monthly payments for loans can be useful and important. Find out why...
Bad credit is expensive and problematic. It can mean you don’t get approved for loans or credit cards or that a landlord won’t rent to you. But it can also increase the cost of credit for you. Consider this: The average total interest cost on a car loan...
We are not financial advisors and therefore are not giving any financial advice. Before implementing any of the tips on this website, please consult with a financial planner to ensure it makes sense for your individual financial situation.
