There isn’t a specific minimum score that you must have to get approved for a mortgage. Your credit score is just one factor that lenders use when deciding if, or how much, to lend to you. There are also various loan types, which have different minimum scores, as well. An…
Some student loan servicers, including Navient and FedLoan Servicing, have opted to stop servicing federal student loans. Around 15 million federal student loan borrowers are serviced by these particular servicers. Roughly half of the affected borrowers will be reassigned to a new servicer by the time student loan repayments begin.…
A perfect credit score is generally not required. In fact, almost every lender has their own set of underwriting terms that include other factors aside from credit score. So, even if you’ve achieved a perfect credit score, it’s possible that you could be declined for credit if you don’t meet…
When relating to credit cards, the grace period is the number of days between 1) the end of your credit card billing cycle and 2) your payment due date. During this timeframe, you are typically not charged interest. Luckily, most credit cards have a grace period of at 21 days.…
The amount of credit that you need is just that. It’s the amount of credit that you personally feel that you need. The amount is not the same for everyone as every person’s financial goals and plans are different. For instance, if you only intend to use credit as a…
At some point, you may discover a discrepancy on your credit report. You can contact a number of parties to attempt to resolve the matter and get your report updated. Contact the creditor It’s best to contact the creditor first since they provide updates to the bureaus. If the creditor…
Until May 1, 2022, student loan borrowers are not required to make payments on their loans. Interest will not be accrued during this time period. In addition, during this repayment suspension, collections attempts cannot be made. Who qualifies for student loan relief This particular relief offered by the federal government…