Posts Tagged ‘credit’

As a solution for financial troubles, many people who are deep in debt will occasionally decide to file for bankruptcy when they feel they are out of options. While bankruptcy can sometimes offer solutions for some debtors, it’s also crucial to seriously think about the disadvantages of filing for bankruptcy. Before you make any final […]

Whether you’re going on a long trip or just a short getaway, it can be easy to overlook the financial aspects of your travels, especially once you’re already on vacation. Even just one vacation can wreak havoc on your credit if you aren’t careful, but the following tips can help you protect your credit the […]

    You’ve just been pre-approved for a mortgage and you’re one step closer to being a homeowner—congratulations! While it’s certainly an exciting time, it’s also good to be prepared for what happens once you have your mortgage and begin to make payments. Your credit was likely good in order to obtain the home loan to […]

Usually as a last resort, many people will declare bankruptcy in an attempt to resolve debt issues and to begin again with a clean slate. Unfortunately, not all bankruptcy filings go as planned, and there are circumstances in which the court may dismiss them completely, instead of discharging the filer’s debts. Even though dismissals can […]

  Have you thought about buying a home for a while now, but can’t decide if the right time has finally come? It’s one of the most expensive purchases you’ll likely ever make, and while it can be an exciting time, it’s also important to make sure you’re ready for such a big step. Otherwise, you […]

   Have you thought about buying a home for a while now, but can’t decide if the right time has finally come? It’s one of the most expensive purchases you’ll likely ever make, and while it can be an exciting time, it’s also important to make sure you’re ready for such a big step. Otherwise, […]

  Loans are either unsecured, or secured by the borrower’s collateral. Collateral is sometimes needed for loans as assurance that the loan will be paid in full—if not, the lender will have the legal right to seize the assets that were used as collateral in order to sell them and use the money to satisfy […]

For old accounts that you haven’t paid in a long time, you may notice on your credit report that they are listed as “charged-off” accounts. A charge-off is a statement provided by a creditor (often a credit card account) when it seems unlikely that the amount will be paid. A charge-off will usually appear when […]

A big question that many people ask themselves when they’re about to apply for a mortgage: should I go directly to a bank or should I work with a mortgage broker? Whereas a mortgage broker basically acts as the liaison between you and the people who actually lend the money, going to the bank is […]

If you have a close friend or family member with poor credit, he or she may be having difficulties with getting approved for an apartment. Depending on how their credit score is, it may be impossible for them to obtain a rental home without having a cosigner. If you have good credit, you may have […]