By W D Adkins
Your FICO score, (credit score) is that familiar three-digit number summarizing your credit history. It tells lenders how much risk they take if they lend you money. A good FICO score means ready access to credit with favorable interest rates. Having a subprime FICO score can make credit very expensive, if you can get it at all. For consumers, it is vital not only to know the definition of a...
By Sam Holder
An SBI (State Bank of India) card is backed by GE Capital Services, the largest issuer of private-label credit cards in the world. With an SBI card, you can perform transactions both nationally and internationally. Do a self-assessment on your own credit. Determine the current amount of debt you owe, if you make on-time payments and if you think you are a solid credit risk. Applying for a new...
By Sidney
If you carry a balance on your credit card, high interest rates can really add up. But fortunately the credit card business is extremely competitive, and many companies offer low rates on cards to attract new business. But before closing your account, it's important to make a plan for your credit card balance and shop for a new card with a lower interest rate. Plus, when transferring your...
By David Lessem
Obtaining your FICO score for free is a bit more difficult than getting a free credit report from one of the three credit bureaus. Citizens of the United States are entitled to an annual free report, but aren't guaranteed their FICO scores for free. Many financial institutions give out free FICO scores, however. Depending on where you keep your money, you may be part of one already without...
By Alexandra Kain
Student benefits are everywhere but not everyone knows how to get them. Often student discounts aren't posted or easily noticeable but if you ask, many companies have some sort of discount or benefit. And if you are a student, every little bit of savings counts so grab your student I.D. and start asking for discounts. They will definitely add up by graduation. Make sure that you have a valid ...
By Ann Johnson
What we spend and what we save is impacted by the interest rate we pay or earn. One example of this is comparing two 30-year mortgages for $100,000. One mortgage is at 4% interest and the second is at 7% interest. The lower interest mortgage will be $477.42 per month, while the 7% interest mortgage will be $665.30 per month. When time and interest is combined, it can be used to increase our...
By Brian Nelson
Most home purchasers require a mortgage to complete the purchase of their home. Some buyers find the home they wish to purchase before they are able to sell their current home. When those buyers cannot come up with enough money for the down payment without selling their current home, they may be able to obtain a bridge loan that provides the funds to be used to close on the new property. Many...
By Love to Write
While it is extremely difficult to obtain a home loan while in Chapter 13 bankruptcy, there are certain circumstances that allow lenders to lend to high-risk borrowers. Refinancing is a more viable option especially if there is a great deal of equity in the home. Many times there are strict requirements regarding borrowing money and opening new accounts when in a bankruptcy. Seeking the advice of ...