Credit represent an agreement between the borrower and the lender. The borrower is given certain value, with the obligation to repay the same later on. Most forms of credit bear interest, and you are charged accordingly. There are different types of credit offered by banks and other lenders. The credit
Credit rating is (or will be) an important part of your finance related activities. More precisely, it plays an important role when you want to be approved for a loan, especially a larger amount of loan such as the mortgage. Thus, not paying attention to your credit rating can have
At some period of our lives we tend to neglect some of the factors that will have impact on our financial health in the future. One such a factor is the credit score. When we are younger we do not pay attention on the credit score category we fall in.
Since 2008 financial crisis the Federal Reserve has increased its benchmark interest rate for the second time. The interest rate hike has been announced on 14th of December. According to this announcement the new benchmark interest rate will target the range from 0.5% to 0.75%. Before the interest rate increase,
The VA loans have been developed with the aim to ease the access to home for veterans and their families. Namely, the VA loans should assist this category of borrowers to purchase a home or refinance their existing debt. Because of the importance and the widespread usage of VA mortgage
If you are looking for a solution to get out of debt, by know you are aware that there are numerous strategies. These strategies are adequate for people in different financial situation, and different level of debt. One such an opportunity to pay off your debt is the debt settlement.