Credit Card Advice - You Can Learn a Lot From a Rich Girl
November 7, 2023
Driving home from the bar one evening, my friend Marilyn confided in me that she was afraid. In six months, she would be graduating from grad school and her parents were going to cut her off financially for the first time in 26 years.
Marilyn works twice a week (8 hours total) waiting tables to pay for pot and shoes, but everything else from her rent to her groceries has been paid for by her parents. Marilyn, at 26, doesn’t know how to balance a checkbook and has no idea what a gallon of milk costs. On top of that, she managed to secretly charge up some credit cards to the tune of $12,000 and that debt alone was overwhelming her. She couldn’t imagine what it would be like when she had to pay all of her own bills, plus the credit card debt. She fucked up big time and rather than admit that to her parents (who amassed their wealth through careful, responsible investments) she was desperately confiding in her older friend hoping for a magic solution to her problems.
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How I Raised my Credit Score 111 points in 60 Days?
November 1, 2023
Maintaining a good credit score can be a challenge when you are young. However, it is one of the most important areas of your life, and its best to know EXACTLY what your score is, and how you can improve it.
If you have no idea what your current
FICO score
is, I recommend checking this link out, as it will give you a ballpark FICO score without having to put your social security number in.
I accessed each of my credit bureau reports from Experian, Equifax, and TransUnion. The MyFICO service on the link listed above will help you access your official reports if you decide you want more than just an estimate.
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The Importance of Having Good Credit
October 30, 2023
Having a good credit history is very important in maintaining a healthy and happy life. What most people dont realize is that employers, landlords and even insurance companies checks credit scores to make that final decision in whether or not they should give you that job or contract. Credit report and their scores helps companies determine whether you pay your payments on time or even if you have been sued or filed for bankruptcies. This way, they can use these information as a future indicator of your “credit worthiness”, as it can reveal info about your past and present payment patterns.
Especially for me, everything that i want to do involves me having good credit. I can list the top 3 goals that i want to acheive in the next 5 years and how they relate to having good credit.
1.) After graduation, I will want to go apply for a job and they will most likely check my credit score to make some indication of how “responsible” i am. Most companies today have credit checks and having good credit might be that extra push that they need to make that decision on whether or not to hire me. Read more
Home Mortgage Loan Refinancing Online - 3 Tips On Refinancing Your Home
October 12, 2023
When refinancing your home, it’s helpful to know a few things about refinancing. When you refinance, you usually pay off the old loan and sign for a new loan, whether you are refinancing your 1st mortgage, second mortgage or home equity loan. The expense that comes in to play when refinancing are the new closing costs and points charge for getting a new loan.
How much can you expect in closing costs for a refinance? Usually between 3-6% of the total loan amount. So, for a loan amount of $150,000, you can expect to pay around $7 in fees. Usually, a company that will say that have no closing costs, will also charge a higher interest rate to compensate. The mortgage broker has to make money somehow, they will either charge a higher interest rate or charge higher closing costs. The best way to compare refinance lenders is to analyze all of the expenses. Read more
Nouveau Riche - The Mortgage Store USA helps Nouveau Riche Community Members to obtain real estate investment mortgages for their properties…