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What Is Experian Boost and How Does It Work?
Your friends just got this buzzy new credit card and you’re excited to apply. But the card issuer’s website says that you need “good to excellent credit,” and you know your credit score is just below the cutoff for “good.” Your credit scores can be a limiting factor when you want to get approved for ...Read More
Why Financial Literacy Is so Important – Credit & Debt
Table of Contents Expand Declining Financial Literacy What Is Financial Literacy? Trends Making It More Important Why It Matters The Bottom Line Declining Financial Literacy ...Read More
Understanding 30-Year vs. 15-Year Mortgages – Mortgage Advice
30-Year vs. 15-Year Mortgage: An Overview A bewildering variety of mortgages may be available, but for most homebuyers, in practice, there is only one. The 30-year ...Read More
Credit Application Definition – Credit & Debt
What Is a Credit Application? A credit application is a request for an extension of credit. Credit applications can be done either orally or in written form usually through an electronic system. Whether done in person or individually the application must legally contain all pertinent information relating to the cost of the credit for the ...Read More
Home Appraisals: Your Key to a Successful Refinance – Mortgage Advice
Table of Contents Expand What Is a Home Appraisal? How Today’s Home Appraisals Work Home Appraisal Fees Help for a High-End Appraisal Before the Appraiser ...Read More
Comparing Quicken Loans vs. Local Banks for a Mortgage – Mortgage Advice
Quicken Loans vs. Your Local Bank for Mortgage Loans: An Overview Since the dot-com boom of the late 1990s, online mortgage companies have become an ...Read More
Understanding Jumbo Vs. Conventional Mortgages – Mortgage Advice
Jumbo vs. Conventional Mortgages: An Overview You might need a jumbo mortgage to finance it if the next home you plan to purchase comes with a particularly steep price tag. These loans are often run into the millions of dollars. They finance luxury properties, as well as homes in highly competitive local real estate markets. ...Read More
Margin Debt Definition – Credit & Debt
What Is Margin Debt? Margin debt is debt a brokerage customer takes on by trading on margin. When purchasing securities through a broker, investors have ...Read More
Current Student Loan Interest Rates – Personal Loans
A college education may be the ticket to a higher-paying job after graduation, but for many people it also leads to a mountain of debt ...Read More
Guaranteed Loan – Definition – Loan Basics
What is a Guaranteed Loan? A guaranteed loan is a loan that a third party guarantees – or assumes the debt obligation for – in the event that the borrower defaults. Sometimes, a guaranteed loan is guaranteed by a government agency, which will purchase the debt from the lending financial institution and take on responsibility for the loan. How ...Read More
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