If you’re thinking about buying a home, getting your finances in shape ahead of your house hunt is important to save you a good deal of money when it comes to your mortgage interest rate. And the first thing on your agenda to assess should be your credit scores. You might have money in the bank and a steady stream of income coming your way, but if your credit scores are lacking, a lender can knock you for it – and that costs you money. Most...

If you’re thinking of getting a mortgage, car loan, credit card or another line of credit, you may have stumbled upon the term debt-to-income ratio, or DTI. DTI plays a significant role in determining whether you are going to be pre-approved for a loan or not. It’s an important ratio that shows lenders how your debt stacks up against your monthly income. Here’s more information on what DTI is, how to calculate it and if it affects your credit....

Autopay is a fantastic tool that automatically schedules payments repeatedly to pay your bills, such as your electricity bill, credit card, gym membership, etc. Basically, you’re authorizing the credit card issuer or lender to automatically withdraw funds from your bank account on a stipulated date. Once set, the tool deducts the minimum payment due, the amount you choose to pay, or the full statement balance. Late credit card payments can harm...

If you’re a young adult just entering the world of credit, the first question that might come to mind is what is my starting credit score? When you’re first applying for a credit card – or any loan – most individuals wonder what number they’re starting their credit score journey from. If you’re in the same situation, we have a short guide below that details everything you need to know about your starting credit score. What Is Your Starting...

Refinancing your car could help lower your monthly car payment, but does it negatively affect your credit? Credit scores are important as they significantly impact your financial dealings. If you want to refinance your car but are unsure of its effects on your credit line, then here’s what you need to know. How to Refinance Your Car Loan? Refinancing your car loan means taking a new loan to pay off whatever is left over from the previous loan...