I’m guilty of being embarrassed by my credit score, but not my credit card debt because it’s been about eight years since I swore off paying late and carrying any debt except the mortgage. And that’s why having a below-stellar credit score is so annoying to me. But at least I’m not alone. According to a National
With the controversial debt ceiling debate and the country’s credit rating downgrade dominating the news in this past week, it isn’t hard to forget that not all debt is bad. Debt can turn your life upside down — but sometimes, the right kind of debt can actually help you amass wealth.
What do HELOCs and credit cards have in common? Not much, unless you're looking at a credit report. And when you're looking at a credit report, HELOCs (Home Equity Lines of Credit) and credit cards start looking very similar.
How inquiries impact your scores is easily on the “Top 5” list of the most misrepresented facts about FICO scores. So, in the interest of clearing up the record and dispelling all of the “inquiries are worth 12 points” myths, I'm going to walk you though exactly how mortgage inquiries are categorized and measured by the FICO credit score.
(source) Arguably, now’s a great time to buy a home — at least when it comes to affordability. According to economists with the National Association of Realtors, the Housing Affordability Index, a measure of the relative affordability of purchasing a new home, is at the highest level since the index was created in 1971. Let’s
When they're finally ready to make the jump from renting to home ownership, most first time homebuyers enlist a real estate agent to help them through the process. But an agent won’t necessarily share these eight industry secrets with you.