For many last-minute holiday shoppers, the magic of the gift-giving season can quickly morph into long-term credit score misery.
If you are thinking of applying for a home equity loan, make sure you understand how your payment history on your current mortgage and your overall credit history will affect your chances of qualifying and the interest rate deals that lenders will offer you.
Simply going out and getting a secured credit card “has little or no effect” on your credit reports and credit scores. It’s how you repay your secured card debt that makes all the difference. With responsible use, you can establish a positive credit history and build your credit scores.
Balance transfer credit cards that offer lower or zero percent interest rates can be a smart way to reduce monthly payments and consolidate debt. Here are a few questions and answers that can help you determine if it is something you should consider.
If you are thinking about moving, you may want to review your financing options and the mortgage lender before scouring the real estate listings. Different types of mortgage lenders offer distinct advantages.