Claiming dependents on your taxes can lead to significant savings, but determining how much a dependent is worth involves navigating some complex IRS rules. This article explains what makes someone a dependent, how much tax credits and deductions dependents qualify you for, and examples of how much a dependent could be worth depending on your … Read more
Does Forbearance Hurt Your Credit? For many of us, there comes a time when we face financial hardship and struggle to keep up with loan payments. Whether due to job loss, medical expenses, or other unforeseen circumstances, missing or delaying payments can negatively impact your credit. During difficult times, forbearance may seem like an attractive … Read more
When someone you care about dies, it can be a very hard and emotional time. Not only are you sad about their death, but you may also have to deal with their money and debts. This includes any credit card debt they had when they passed away. Some people may be wondering who pays off … Read more
Using a credit card to make purchases can feel like magic. You just swipe your card or tap your phone, and you’ve bought something without handing over any physical money. But where does that money actually come from? This article will explain the behind-the-scenes process of credit card transactions and where the funds originate. How … Read more
Student loan debt is a massive burden for millions of Americans, with outstanding balances exceeding $1.7 trillion nationwide. For many borrowers, the prospect of paying off their loans in full seems impossible This leads some to explore whether it’s possible to negotiate a reduced payoff amount as a settlement Can your student loans be reduced … Read more
Buying a car is an exciting experience. However, it can also be daunting, especially when thinking about the costs involved. One way to reduce the initial financial burden is to get a car loan with no down payment. But what credit score do you need to qualify for a zero down auto loan? Let’s find … Read more
When you have an Apple Card, your credit limit tells you how much you can spend. A higher limit gives you more buying power, while a lower limit limits how much you can spend. So you may be wondering – does Apple automatically increase your credit limit over time? Or do you need to request … Read more
It can be tempting to close credit cards with no balances, especially if you have a bunch of unused cards in your wallet or drawer. But before you make this choice, you should carefully think about how it might affect your credit score and overall finances. In this article, we’ll talk about the pros and … Read more
Your credit score is one of the most important factors lenders consider when reviewing applications for bank loans. In general the higher your credit score the more likely you are to qualify for a loan and get better terms like a lower interest rate. What is the lowest credit score you need to get a … Read more
Your credit score plays an important role when you apply for a car loan. While there is no minimum credit score required by law, most lenders have their own minimum requirements. So is 683 a good credit score to buy a car? Let’s take a closer look. What is a Good Credit Score for Buying … Read more