6 Easy Ways to Improve Your Credit Score

6 Easy Ways to Improve Your Credit Score

Good credit saves you money. A consumer with a FICO score of 700 saves an average of $648 in interest on their credit cards, $600 on their monthly mortgage of $150,000 at 4% interest , and $1,892 on their car loan every year, when compared with consumers whose credit...
Your Credit in a Recession!

Your Credit in a Recession!

Interest rates tend to fall during a recession to encourage borrowing and economic growth. How the change impacts you will depend on a variety of factors, including how your personal finances have been impacted by the recession especially when you need to borrow...
My Student Loans Crashed My Credit Score!

My Student Loans Crashed My Credit Score!

The CARES Act — a federal stimulus bill passed in response to the COVID-19 pandemic — provides for significant student loan relief. Specifically, the legislation suspends payments, interest, and collections on government-held federal student loans from March 13, 2020...
Higher Scores Required for Mortgages!

Higher Scores Required for Mortgages!

Mortgage lenders are taking less risks during this time of COVID-19. Most of them have raised their credit score limits to approve applicants for a home loan. Buyers with a credit score as low as 590 could purchase a home last month, but that is not possible now. If...