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You may be wondering, “Is Credit Karma a scam?” Scams are everywhere and sometimes it can be difficult to decipher when you’ve come across one. The world wide web is so easily accessible to everyone that you must be extra careful when you enter any of your private information on a website. This is particularly…
Yesterday, I received a Notice of FNMA Enhancement in the mail. The FNMA Enhancement Notice letter appears completely legitimate, but I have learned over the years to be skeptical of anything that arrives in the mail, so I decided to do some digging. I quickly discovered that this FNMA enhancement letter was a scam. A Look…
How important is your debt-to-income ratio? Most financial institutions have a rigorous process before approving any type of loan. There are several factors they take into consideration to weigh the risk and benefit of lending an individual money. Your credit score is heavily weighed as well as an intense review of your credit report. (If…
Are you looking for ways to improve your credit score fast? Credit scores determine so many facets of our financial portfolio. From qualifying for a car loan to deciding mortgage interest rates, every financial transaction requires knowing your credit score. This is quite the incentive to keep your score in tip-top shape. If your score…
Looking for the best credit cards of 2022? There tends to be a negative haze clouding the use of credit cards however, when used responsibly, credit cards can actually work for you. From miles to points to cash back and rewards, credit cards will pay you to use them. But how will you know what…
Are you wondering “What is a reverse mortgage?” Will it benefit you financially? Are there any cons? You may have seen the commercial on television, where a nice older man explains the benefits of a reverse mortgage, boasting that you can still own your home but get cash from your home’s equity – cash that…
What is debt avalanche method? When it comes to tackling debt, there are several different methods you can choose from. In an earlier post, we tackled the Debt Snowball Method. Today, we will answer what is debt avalanche method and how this debt consolidation plan can be used to get you on the path to financial…
Lower your monthly loan payment when consolidating with one of these top seven student loan consolidation companies. If you’re like most Americans, you probably graduated from college with student loan debt. Often times, this debt is made up of several loans, which each have their own interest rates and repayment plans. Not only can this…
According to Money Crashers, the average household has $6,124 in credit card debt ($1,624.60 per account). That means most households have multiple credit cards, each with a balance that hasn’t been paid in full. This is just credit card debt, and doesn’t include school loans, car loans or personal loans. Paying off those debts may…