A higher credit score can provide a good interest rate when you take out a mortgage or car loan. Usually, an average FICO score is not enough to get the best mortgage rates, writes Time. "You should never aim for an average"...
Credit card delinquencies rose more than 50% in 2023, and total consumer debt increased to $17,5 trillion, CNBC reports. Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023. According to…
If you've just moved to the US, your finances will get a fresh start too. But immigrants with no credit history in the United States can find it difficult to rent an apartment, buy a car, or even get a mobile phone plan. Before you commit any ...
A FICO score and a credit score may be the same, but FICO also creates different scoring models while other companies create credit scores, the national credit bureau Experian says on its website. A credit score is the general name for a computer model that...
Credit rating affects life in the United States in many ways - it determines whether you can get a credit card and much more. But do you really know everything about a credit score? You may have a general idea, for example, what is...
Americans trying to pay off their loan debt may see lower FICO credit ratings in the future, especially if they suddenly missed a mandatory payment, CNBC reported. Fair Isaac Corp., the company behind the popular FICO credit rating, announced on January 23 ...
The total debt of Americans has reached a record level of four trillion dollars - and this does not include mortgage loans. The calculation did not take into account Americans’ mortgage debts, the size of which began to grow again after a slight decline a few months earlier, writes Lenta.ru with...
Obtaining a loan for a foreigner in the United States has become overgrown with a lot of myths - many tourists and immigrants are sure that it is impossible to buy real estate on credit in America without a green card. In fact, everything is simpler. If you have recently arrived in the USA, then...
The US is re-starting to issue mortgages to people who cannot provide standard proof of their income. More and more such loans are being issued, despite the fact that rising interest rates and rising house prices are limiting the demand for mortgages. Ten years ago this ...
Both U.S. home buyers and sellers will face new market conditions in the coming year. How will mortgage rates and American real estate prices change? Most likely, competition among buyers will decrease - but this does not mean that buying real estate will become...