There’s a cost of homeownership that surprises many first-time homebuyers, one that’s easy to overlook in the excitement of going through the homebuying process. It’s called private mortgage insurance or PMI. For the unprepared homebuyer, the cost of paying PMI can be a real budget-buster, adding thousands of dollars in additional expense each and every […]
If you own multiple credit cards because they’re all maxed out and you’re juggling multiple payments, that’s never a good thing. But there are reasons it can be beneficial to own — and use — different types of credit card. Here are few common types of card, and why you might want to own more than one of them. […]
Keeping your credit score healthy is part of keeping your finances on track, and there are several ways you can build and maintain a good credit score. Doing this one thing, when necessary, will really help too. Check if you are eligible for any new credit cards, before you apply. Generally when you apply for […]
There are various widely known ways to boost your credit score, from making loan repayments on time to not exceeding your limit on any credit cards you may have. Most people also know that having a little debt can be good for your score as it allows you to show that you can handle it […]
Building credit is a necessary and challenging part of becoming an adult in the US, and throughout the developed world. We’ve talked before here at Wealthtender about how you shouldn’t use your credit score as an excuse to take on debt, but you have to build it somehow. Here are a few safe and simple […]
The average American has 4 credit cards, with an average balance of around $6,194, according to Experian. That may sound undesirable, but here at Wealthtender, we don’t believe that credit cards are a negative thing per se. In fact there are some great ways to use them (as well as some not-so great ways, of course). […]
The BIG DAY has finally arrived. Guests arrive, the wedding party is ready, and every final detail is complete! All that’s left is to say “I Do!” Actually, getting married is only the beginning of building your life together. And one of the most important parts of starting your marriage is learning how to handle […]
Your credit report is what lenders, banks and other businesses see when they check your credit score. It’s vitally important to us as consumers, so we tend to assume the information those lenders see is 100% correct and up-to-date. We may think it’s not necessary to check our credit report regularly, because it’s probably pretty […]
Millions of Wells Fargo customers are entitled to receive damage payments for a litany of wrongdoings committed by the institution over the past decade. In its role as a federal watchdog, the Consumer Financial Protection Bureau (CFPB) whacked Wells Fargo with a $3.7 billion penalty in December 2022 — with $2 billion due to consumers. […]