Qualifying for a home loan generally means you need good credit. At the very least, you need ‘decent credit.’ So what happens if you have poor credit? The good news is that you aren’t out of luck. The bad news is that you will have a little extra work to do. You can’t go to […]
Is Your Credit Score High Enough for a Mortgage?
Your credit score controls many financial decisions in your life. It also controls whether you remain a renter or become a homeowner. How do you know if your score is high enough for a mortgage? What does high enough even mean? Potential homeowners often ask these questions. We discuss the answers below. What is the […]
Is Your Credit Score Good Enough?
It’s the common worry among consumers. “Is your credit score good enough?” No one can answer that question 100%. You can look at your score and see where it falls within the category ranges. But even that doesn’t tell you if it is “good.” It’s a relative answer. It depends on who you ask. It […]
Most Common Misconceptions About Bad Credit and Personal Loans
While a bad credit can limit your access to financing, that does not mean that it is impossible to obtain one. Though limited, there are still personal loan programs with qualifications that allow borrowers with not-so-stellar credit to get the money they need. However, many misconceptions about bad credit and personal loans prevent potentially eligible […]
Put an End to Your Credit Card Debt Misery
It takes more than money to pay off your credit card debt. It requires motivation and determination to redeem yourself from a debt that’s spiraling down. In a study done by the NerdWallet last 2016, it was established that a household with a credit card debt has a debt average of $16,061. According to […]
Common Myths Regarding Credit and Home Loans
While it’s true that having bad credit can make it more difficult to obtain a mortgage, it’s absolutely not true that you can’t buy a home with bad credit. If this is the only thing holding you back from buying a home, consider these facts and re-evaluate your stance: Mortgage Products Exist for People with […]