Life happens and sometimes you can fall behind on your bills and fall behind on your mortgage payment, either by accident or circumstance. So, what happens when your mortgage payment is late? The answer may vary from person to person depending on your financial history, the rules of your specific
As much as we hate it, we can never tell what the future holds. It is impossible to predict where the road will take us, so it is extremely important to always be prepared. This also applies to finance. Being financially protected can benefit you in several ways. Firstly, it
National Financial Awareness Day is celebrated on August 14 every year. It's a day to lay the foundation for your financial future and build your financial stability. Being more aware of your finances and your specific financial situation will help you achieve your financial goals. The National Foundation for Credit
We have heard the phrase “health is wealth” many times. We have also heard countless times that one of the biggest investments we can make is in our health. Because our health is more important than financial assets, it is our true wealth. Of what use is financial success if
Unemployment insurance is a vital support system for millions of Americans who have lost their jobs. State-administered unemployment benefit supports workers who have been laid off, terminated without cause, or considered underemployed. In 2020, each state's unemployment insurance system took on the responsibility of providing COVID-19 relief funds to residents
Credit card issuers charge cardholders a minimum monthly payment for accumulated balances. How minimum payments are calculated can vary from issuer to issuer, but major issuers use some common methods. Paying the minimum payment is enough to get by, but cardholders should still pay the full amount each month to
Have you ever wondered how banks or other financial institutions determine whether or not you qualify for a business loan? They check your creditworthiness! Like many people, you may think your credit score is just a number. The 3c’s is a standard formula used to determine the likelihood of a
When applying for a loan, there are many factors lenders consider before deciding to approve such a loan. You want to do your best when applying for a mortgage, car loan, or personal loan, but it can be difficult if you're not sure what your lender is looking for. You
Can I buy a house after paying off my debt? The short answer is yes. It has probably been a rocky road, and like every time you've worked hard, you want to reward yourself. If that means doing homeownership checks after debt relief, there's nothing wrong with going that
The recession that followed the coronavirus pandemic has extended its effect to the US housing market and it has continued to raise concerns about worsening inequality. Low-interest rates, widespread adoption of remote working, and housing shortages have resulted in a surge in home purchases and prices. The housing market
