What types of liens are seen as good and which are bad for my credit?

July 7, 2024 No Comments

A: Creditors that allow purchases to be made through financing often require property to be pledged against a credit account; this is known as collateral. Through the use of collateral, creditors establish a priority interest in the asset used to back the loan or line

What’s the difference between a consumer disclosure and a credit report?

July 7, 2024 No Comments

A: Consumer disclosures and consumer credit reports are both regulated by the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transactions amendments made to the FCRA. Consumer disclosures and credit reports are obtained from credit bureaus, and there is plenty of informational

When is mortgage insurance tax deductible?

July 7, 2024 No Comments

A: For tax year 2016, the tax deduction for private mortgage insurance (PMI) is allowed for mortgages taken out or refinanced after Jan. 1, 2007. If certain requirements are met, mortgage insurance premiums can be deducted as an itemized deduction on your return. If your

Where can you use a Walmart MoneyCard?

July 7, 2024 No Comments

A: You can use a Walmart MoneyCard anywhere Visa Debit or Debit MasterCard are accepted. In addition, the Walmart MoneyCard also allows you to pay bills for free through online bill pay. Types of MoneyCards Walmart offers four types of MoneyCards: Basic, Plus, Specialty and

What are the differences between Chapter 11 and Chapter 13 bankruptcy?

July 7, 2024 No Comments

A: There are a number of differences between Chapter 11 and Chapter 13 bankruptcy, including eligibility, cost and amount of time required to complete the process. Similarities Both Chapter 11 and Chapter 13 bankruptcies give debtors the opportunity to stay in business and to restructure

Which bank actually issues the Best Buy credit card?

July 7, 2024 No Comments

A: The Best Buy credit card is issued by Citibank. The card is designed to encourage spending for products offered by Best Buy in stores and online. It offers 5% back in rewards for regular Best Buy members and 6% back in rewards for Elite

What are the most common reasons credit limit increase requests are declined?

July 7, 2024 No Comments

A: When you request a credit limit increase from your credit card provider, your current debt-to-income ratio and your projected debt-to-income ratio after the increase are considered. While raising your credit limit is a good way to boost your credit score, it may not prove

Who accepts CareCredit?

July 7, 2024 No Comments

A: CareCredit is a credit card that is accepted by over 200,000 health care providers in the United States for various medical procedures and services, such as vision care, cosmetic and dermatology services, dental services and hearing care. Various hospitals, veterinary clinics, dental centers and

What country spends the most on education?

July 7, 2024 No Comments

A: The United States spends more money educating its young people than any other nation, according to a study from the Organization for Economic Cooperation and Development (OECD), which compiles educational data from nations across the globe each year. In 2010, the U.S. spent nearly

What Is a Ginnie Mae Security?

July 7, 2024 No Comments

A: Ginnie Mae (or Government National Mortgage Association) allows mortgage lenders to obtain a better price for their loans in the capital markets. This allows lenders the flexibility to use the proceeds to make new mortgage loans available to additional borrowers. How Ginnie Mae Securities Work A

All Rights Reserved