Tag Archives: credit

Your credit rating has an enormous influence on your financial stability. A borrowers’ credit score will determine whether they are approved for a loan or credit card. It also determines the interest rate. Borrowers with bad credit will have a more difficult time getting approved for loans and the ones …

Credit scores are a pivotal part of the home-buying process. Not only does your credit score determine if you qualify for a loan, but it also determines your mortgage terms, most importantly, your interest rate.  First-time homebuyers often jump into the process of looking to buy a home without really …

Whether you’re looking to remodel your home, consolidate your debt or pay an unforeseen expense — it’s only natural to consider tapping into your greatest source of wealth: The equity you’ve already invested in your home. For many, it’s a much safer option to get the cash you need than …

Do you need a loan to make renovations or repairs to your house? There are several types of renovation loans that allow you to get a loan using your equity as collateral. But, what credit score is needed for a home improvement loan? Rate Search: Check Today’s Refinance Rates Credit …

As business activity jerked to a halt in March, American companies began using the credit lines they took out from banks to stay afloat. The chart above shows the week-over-week changes in usage of what’s known as “commercial and industrial loans,” and as BCA Research analysts commented in a Tuesday …

Only hours after deploying one crisis-era funding facility, the Federal Reserve on Tuesday unleashed another, potentially more powerful weapon that gives primary dealers on Wall Street cheap loans to snap up a broad array of bonds and stocks. It has an aim of freeing up space on dealer’s balance sheets …

Dear Catey, My husband is 65 and a lawyer and partner in his firm with a thriving practice; I am 59 years old. We have three children (more on that below), and I was fortunate to be a stay-at-home mom. I now work part time, which is essentially just “play” …

Dear Catey, I am a 40-year-old law-enforcement officer and hope to retire in 13 or 14 years. At that time, I will have 30-plus years on the job with a pension giving me 70% of my current income with a cost-of-living annual percentage increase around 2% or 3%. Additionally I …