This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. Simply put, a personal balance sheet is a document that keeps track of everything that you possess (assets) and every debt that you owe (liabilities). With this personal financial statement,
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. As discussed in our article, Dave Ramsey vs. Robert Kiyosaki, not all debt is bad. Debt plays a vital role in the economy. And on a personal level, if you
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. Dave Ramsey and Robert Kiyosaki are perhaps the most influential personal finance authors of the past 20 years. In many ways, they have differing advice. Which of them is correct?
Many of the challenges we face in life all start within our own thoughts and how we view our circumstances. Our mind is a breeding ground for lies and excuses to grow, and when we don’t take care of our own limiting beliefs, they end up holding us captive. In this article, we will address
There are defining differences between the FICO vs Vantage credit scoring models. Most credit industry professionals consider FICO to be the “real” score because it is used by 90% or more of lenders. Because lenders almost never use VantageScore for making loan approval decisions, it is often called a “FAKO score”. (Pronounced like “fake-o”.) Free
Having a good credit score is the key to a lot of things in life. You’ll need one to rent a decent apartment, get a mortgage, and qualify for that fancy travel credit card. If you’re like most people, you might not know the best way to check your credit score. Staying up to date
A 670 credit score is “good”, according to the credit score company FICO®. Because the average FICO score is 711, this puts a credit score of 670 to be below average, but it can still get you qualified for a home loan, a car loan, and a variety of credit cards. Before we go more
Prospective homebuyers should understand the many advantages and disadvantages of making a larger down payment when obtaining a mortgage loan for purchasing a house.
The process of building good credit is the same whether you have bad credit, new credit, or are starting from scratch. We can all start learning how to build credit at 18, or even sooner. The difference with bad credit is that you must get rid of negative items on your credit report in addition