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Matters Pecuniary ... credit cards, banking, debt management, |
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Matters Pecuniary ... credit cards, banking, debt management, |
There isn’t a specific minimum score that you must have to get approved for a mortgage. Your credit score is just one factor that lenders use when deciding if, or how much, to lend to you. There are also various…
Because of the COVID pandemic, each week, you’re able to access AnnualCreditReport.com to obtain three free credit reports (one from each of the three major credit bureaus, which are Experian, TransUnion, and Equifax). The three bureaus initially intended to provide…
The amount of credit that anyone needs is subjective and based on personal financial needs and wants. Someone who intends to only use credit as a more secure form of payment (versus debit) and plans to pay off credit card…
A perfect credit score is generally not required. In fact, lenders typically have their own set of underwriting terms that include other factors aside from credit score. Your ability to repay the loan, for instance, is often taken into consideration.…
When you close an account or tradeline, you retain the age of that tradeline for 10 years. But, you could still be negatively impacted by a closed account. For instance, closing a credit card will result in a higher utilization…
Your middle score is typically used by mortgage lenders when determining your mortgage eligibility. Your lender will obtain three credit scores from your credit reports, one from each of the three major credit bureaus (Experian, TransUnion, and Equifax). Of those…