Tag Archives: Credit Reports

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Homeowners Insurance: The Beginning

Homeowners insurance is a required purchase today, unless you don’t have a mortgage. In fact, it is standard to the point it has become part of the home-buying process. The purpose is to ensure that the mortgage company will be able to recover financially if you have a loss from fire or natural disaster, since your house is their collateral for the loan.

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Private Startup Investing Revolutionized

For more than 80 years, people have wanted to allocate a piece of their portfolio – even just $10k – to a compelling, high-risk/high-reward venture. The problem was, until the JOBS Act was passed a couple of years ago, and the rules were written even more recently, you had to be a venture capitalist or private equity firm to even see those groundfloor deals (that is, unless your cousin hit you up for cash on his new social media startup).

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Bankruptcy And Your Credit Report

Bankruptcy can be a tricky process, especially if a consumer plans to continue payments on certain financial obligations. Therefore, understanding the full impact bankruptcy may have, including how it affects a consumer’s assets and credit report, may help them to avoid mistakes.

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Credit Ratings: The Basics

There’s a lot of talk about credit ratings when dealing with personal finance, and while it’s a very important subject, there is also a lot of confusion surrounding the idea of the credit rating. Here are some facts about credit ratings that everybody should understand.

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Damaging Effects of Missed Mortgage Payments

For most homeowners, your mortgage is the largest line of credit listed on your credit report. Given the significance of such a large loan, lenders place a heavy weight on how you manage that account. Part of that is your ability to make payments on-time and in full. So when you a miss a payment, the impact to your credit score can be substantial.

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Do Rental Payments Appear on My Credit Report?

For a long time, credit histories included only information about consumer debt. Credit cards, automobile loans, mortgage loans, student loans and personal loans are examples of the types of activity that appeared on credit reports. However, if you’re relatively new to credit and considering moving off-campus, or out of mom and pop’s place, in the months ahead, there may be an opportunity to help cement your good credit activity for the road ahead.