You can calculate your debt-to-income ratio by comparing the amount of money you owe and how much you make. It’s also known as the DTI ratio. Debt includes all mortgages, credit cards, student loans, car loans, and any other loan that you may have taken out to purchase items for your home or pay for… Read More »
What is Debt-to-Income Ratio?
What is Debt Consolidation?
There are situations one gets into and realizes they have been paying off more than one loan at a time. In the long run, the interest on these loans can be very massive. Debt-consolidation is the best way to go to help such a person. This means that one puts all their loans together and… Read More »
Why You Should Consider Refinancing Your Car Loan?
There are several good reasons to justify refinancing a car. It is important to evaluate the pros and cons of obtaining a new loan before moving forward. It will take some research to decide if this is the right move. Staying on top of financial trends and personal credit scores is crucial for making informed… Read More »
How Do Credit Card Balance Transfers Work?
For consumers with multiple credit cards or loans, a balance transfer can make financial management less stressful. Balance transfers can be completed with a simple phone call and help consumers combine debt, take advantage of low interest rates or pay off personal loans quickly. Below are some of the most frequently asked questions about transferring… Read More »
How to Dispute Errors on Credit Report?
Can a mistake on your credit report really make a difference in your financial life? The answer is yes. Even one mistake can make the difference in being approved for a loan at a good interest rate, getting approved for a credit card, or can affect the amount that you will be required to put… Read More »