Getting an FHA Loan Just Got Harder

Mortgages

Getting an FHA Loan Just Got Harder

Getting an FHA Loan Just Got Harder

New requirements for Federal Housing Administration-approved mortgages go into effect today, presenting potential roadblocks for homebuyers with collections or judgments in their credit histories. While lenders have recently been able to take significant economic events into account in processing loan applications, today’s changes are a step in the opposite direction for loan accessibility. The U.S.... Read More

How My Mom’s Money Skills Taught Me to Be Resourceful

Personal Finance

How My Mom’s Money Skills Taught Me to Be Resourceful

How My Mom’s Money Skills Taught Me to Be Resourceful

During the great Beanie Baby boom of the ’90s, my mom made a fortune sending me and my fleet of siblings into Hallmark stores around Michigan, each of us clutching a sweaty list of “rare” beanies, where we’d snag as many as possible under the store’s two or three per kid policy. Back in the... Read More

Do I Need a Good Credit Score to Get Student Loans?

Students

Do I Need a Good Credit Score to Get Student Loans?

Do I Need a Good Credit Score to Get Student Loans?

Consumers’ credit scores can determine their ability to get auto loans, mortgages, personal loans and all kinds of financing. But student loans are different. It can be challenging enough to get into a certain academic program — but do students have to make a certain credit grade to be able to pay for it, too?... Read More

5 Signs You May Need Professional Money Help

Personal Finance

5 Signs You May Need Professional Money Help

5 Signs You May Need Professional Money Help

Recognizing you may need professional money help is the first step in the right direction towards better financial health.  Sometimes, getting to that first step can be tricky. How do you know if you actually need help?  We all know the basic indicator of too much credit card debt. However, recognizing these additional signs could... Read More

The Fastest Way to Fix a Credit Report Error

Credit Score

The Fastest Way to Fix a Credit Report Error

The Fastest Way to Fix a Credit Report Error

You’ve found a credit report mistake and you want it fixed fast. How can you make it happen? Experts — myself included — often recommend filing a written dispute and sending it by certified mail, especially in the case of serious mistakes. That way, you have proof your dispute was received and you can include documentation... Read More

When Credit Card Networks Say No to Merchants

Credit Cards

When Credit Card Networks Say No to Merchants

When Credit Card Networks Say No to Merchants

Credit cards offer both cardholders and merchants a secure and convenient method of payment. And just as most cardholders have found their credit card transaction denied at least once for one reason or another, there are some merchants who have been denied the ability to accept credit cards. Some of the merchants who can not... Read More

Americans Plan to Spend More on Home Improvement

Mortgages

Americans Plan to Spend More on Home Improvement

Americans Plan to Spend More on Home Improvement

Americans are increasingly willing to spend on home renovations, according to a survey that says they are taking on more projects and plan to use more expensive materials throughout the process. In a news release, remodeling app Planese outlined the results of an online survey done with remodelormove.com, in which homeowners were asked roughly 70... Read More

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