There’s a lot that goes into the home buying process, especially if you’re a first-time home buyer. One criteria mortgage lenders use to assess your mortgage application is thedebt-to-income ratio (DTI). Your debt-to-income ratio is a comparison of how much you owe (your debt) to how much money you earn (your income). The income you…
Image source: Getty Images Should Dave Ramsey’s warning scare you away from debt consolidation? Key points Debt consolidation can be a great debt-repayment tool. Dave Ramsey isn’t a fan of it since he thinks it will potentially keep you in debt longer. There’s merit to Ramsey’s advice, but you shouldn’t necessarily avoid consolidating your debt.…
The viral Facebook post claims a program can wipe your debt away. Financial expert Scott Braddock reveals the truth about this claim. GREENSBORO, N.C. Debt. Most of us have it and would like to get rid of it.There’s a video going around on social media and it promises to help you get out of debt.…
Pedestrians view the holiday windows at a store in New York on Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images High inflation and rising interest rates mean holiday shoppers who turned to credit cards and other methods of borrowing are left with bigger balances this year. Slightly more than a third, or 35%,…
How to pay off credit card debt Getty Images Credit card debt is stressful and costly. The good news? Like thousands of others have before you, you can get out of it though there is no one-size-fits-all answer as for the best way to accomplish reaching a $0 balance, pros say. Here are six options…
You’ve got big financial plans for 2023. Maybe they include buying a home or car, or getting a new travel rewards credit card to help pay for your next trip. There’s a key piece of these plans you may not have considered: building your credit score. A better credit score can expand your access to…
SPRINGFIELD, Mo. (KY3) – Borrowers beware of debt relief and credit repair scams. With so many struggling to make ends meet, scammers may offer you help. You might get a letter, email, or phone call about these services. Do not believe in guarantees. Nobody can guarantee debt will go away or improve your credit score.Beware…
If youre having trouble staying on top of your credit card bills, youre far from alone. People are increasingly sliding out the plastic to pay for everyday items. Meanwhile, the Federal Reserve, with its rate hikes, has made debt more expensive and less manageable. One way to tackle your debt load is through debt consolidation.…
Johnny Ronans property group this month sold its Paris property for 24.5 million to help pay down the groups debt. Consolidated accounts filed by Mr Ronans Ardquade Ltd also reveal that this year Mr Ronan also advanced a loan to the group which was used to repay a substantial part of the groups junior debt.…
(California News Service) Scammers targeting student-loan borrowers are shifting into high gear – spurred by the uncertainty surrounding President Joe Biden’s debt-cancellation plan. The Supreme Court will hear a case in late February that seeks to strike down the administration’s plan to offer up to $20,000 in debt relief to low-income student loan borrowers. Michelle…