For loans, credit cards, and other lines of credit, it’s important to have good credit. Lenders use your payment history, amounts owed, credit age, new credit, and other information on your credit report to decide if they want to give you credit. If there is a flag on your credit report, it tells lenders that … Read more
Having a 0 balance on your credit cards can be a good thing but there are also some potential downsides to consider. In this article we’ll take an in-depth look at the pros and cons of having credit cards with 0 balances. The Pros of a 0 Credit Card Balance Here are some of the … Read more
Getting a new car is an exciting experience. But you need to be approved for an auto loan before you can drive that brand-new car off the lot. Your debt-to-income (DTI) ratio is one of the most important things lenders look at. So how do you figure out your DTI for a car loan? In … Read more
It’s important to know your exact credit score before you apply for loans, credit cards, mortgages, and other financial products. The credit score Credit Karma gives you, on the other hand, is often higher than the score your bank or lender gives you. There are some key reasons why this occurs. What Credit Scores Does … Read more
Receiving an inheritance can be a life-changing event Whether you are expecting an inheritance or it comes as a surprise, knowing what to do when the money arrives can help you make the most of your windfall This guide will walk you through the key steps for receiving inheritance money so you can avoid common … Read more
A CIBIL score of 753 is in the “very good” range for credit scores. But what does that really mean? How does your credit score affect your chances of getting loans and credit cards in India? This article will tell you everything you need to know about a CIBIL score of 753. First, let’s start … Read more
Adding money to your credit card account may seem like a strange concept since credit cards are meant for borrowing money. But in some cases, prepaying your credit card can provide benefits. Here’s an in-depth look at what happens when you add money to your credit card and whether doing so is a smart financial … Read more
Having a higher credit limit on your credit card can be beneficial in many ways But is a $10,000 limit considered good? Let’s take a closer look What Factors Determine Your Credit Limit? When a credit card company sets your limit they consider several factors Your credit score tells them how careful you’ve been with … Read more
Buying your first home is an exciting milestone, but saving up for the down payment can feel daunting. As a first time buyer, how much deposit do you really need to purchase a house or condo? The answer might pleasantly surprise you. What Is a Down Payment? A down payment is the amount of money … Read more
Identity verification is an important part of financial transactions these days. With rising concerns over identity theft and fraud, companies like American Express have implemented stringent verification processes. But how exactly does American Express verify your identity? This guide goes into great detail about the different ways American Express makes sure it’s really you who … Read more