Often, consumers are advised to make weekly or multiple payments throughout their credit card billing cycle. However, there’s not much context given with this advice. This could leave consumers tying up their funds unnecessarily. Let’s consider the following credit card account activity: The billing cycle ends with a $0 balance…
When shopping for a credit card, you may be put off by the card’s interest rate (also known as APR, or Annual Percentage Rate). However, in some cases, you shouldn’t let the credit card interest rate sway your decision. What type of customer are you? If you’re a transactor, you…
To view the servicer of your federal student loan, you can view our guide on locating your federal student loan servicer. Student borrowers who have loans owned by the Department of Education (ED) can easily track the lifecycle of their current and past federally-backed loans. Students who were issued loans…
When you apply for a mortgage or home loan, the lender will use your FICO score. In fact, three FICO scores will be used to determine what’s called your “middle score”. The middle score Your lender will pull one FICO score from each of the major credit bureaus (Experian, Equifax,…
Beginning in the summer of 2022, the IRS will require users of its IRS.gov site to go through a facial recognition process in order to access certain information, like account transcripts. The account verification process will be handled by third-party identity verification company, ID.me and will require users to upload…
Most people likely think that their credit history is only important when they’re applying for credit. But, your credit history can impact you in other ways, too. Employment Your indebtedness can affect an employer’s decision to hire you. The policies regarding credit vary by employer, but it’s common for financial…
A traditional bank transfer to an account at another bank can typically take one two three business days. This all depends on the transfer policies and timeframes of both the sending and receiving bank. There are many services that allow users to transfer funds instantly between accounts. So, if you’re…