Identity theft is when someone obtains your sensitive information like Social Security number, date of birth, address, phone number and uses it without your knowledge to commit fraud or theft. You might not think it could happen to you but it is one of the fastest growing crimes in America.
The debt-to-income ratio is a calculation lenders use to assess how much of your income is available after all your other debts are taken into account.
Many people face financial challenges at some time in their lives. Personal or family illness, loss of a job or simple overspending and lead to trouble. It may seem overwhelming but it can be overcome. If you or someone you know is having financial hardships consider these options: set realistic budgets, credit counseling from a reputable organization, debt consolidation or as a last resort bankruptcy. How do you know which will work best for you?
The effects of bad credit are broader than you think and may surprise you! You probably know bad credit can cause you to be rejected for credit cards or keep you from getting the best loans rates. However, here are 5 other ways bad credit can impact your life.
Credit cards offer a convenient way to make purchases and build your credit history. However it can also be easy to make expensive mistakes when using them. Here are some suggestions to manage your credit cards.
If you’re thinking of buying a home, you may have heard about FHA loans. Here is the scoop on government-insured FHA mortgages.
When evaluating loan offers it’s important to understand the difference between the interest rate and the Annual Percentage Rate or APR. Companies are required by law to post the APR next to the interest rate because the interest rate alone is not necessarily an accurate expression of a loan’s cost. The interest rate is the percentage of the loan amount that the bank is charging you to borrow money.