Credit
When applying for a loan, it’s helpful to know what your Loan Officer will be looking at when making his or her decision. There are three areas they will review: Capacity, Collateral, and Character. Capacity Capacity is simply your ability to repay the loan. They will review your monthly income and expenses to determine if…
You may have heard that there are only two kinds of people: those who pay interest and those who earn it. In reality, we all likely end up occupying both sides of that equation. The first thing to know about borrowing money and paying interest is that how much you pay depends on your credit…
How do I find out my credit score? Who wants to know it, and what factors influence its change? Submitted by anonymous. A credit score is a representation of how someone managed their debts. It is meant to help creditors understand our financial responsibility. Payments on our loans and balances on our credit cards are…
I’ve been paying my bills every month on time and nothing changes on Credit Karma. I feel like I’m stalking the app. What should I do? Submitted by Michelle S. Congrats on paying your bills on time! Can we just celebrate that for a moment? What Imp...
My husband and I want to buy a house for first-time buyers. How can we fix our credit? Submitted by Ferlenzia M. Owning a home is a dream that many people have. To make that dream a reality, most people get a mortgage loan. To qualify for that type...
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