That large balance that you have months to pay off on your credit card or make a final deposit for your years of student loans is an unbeatable feeling. But more than just bringing your peace, it brings down your revolving and paid off debts, closer to financial freedom. Revolving …
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How Student Loans Affect Your Credit Score
With payments from federal student loans paused since the CARES Act ended in March, millions of lenders saw their federal direct student loans automatically go into overdraft – and increase their credit scores. In fact, according to a new report from the Federal Reserve Bank of New York, the average …
Read More »The Executive Order of Trump, Memorandum For Relief for Student Loans
On Saturday, President Donald Trump signed a series of executive orders and memoranda, through preliminary negotiations in Congress, calling for an extension of pandemic relief for tens of millions of Americans. One memorandum – probably the least controversial – proposes Education Secretary Betsy DeVos to proceed with deferring student loan …
Read More »What is the credit score needed to buy a home in 2020?
Credit lines typically range from 300 to 850, and lenders within a certain range may be eligible for mortgage loans. While you do not need a perfect 850 credit score to get the best mortgage rates, there are general credit score requirements that you must meet to take out a …
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