Friday, October 18

Tag: Whitney Blair Wyckoff

DoorDash and Chase Deliver a Rewards Mastercard | Credit Cards
30Oct By adminNo Comments
Money

DoorDash and Chase Deliver a Rewards Mastercard | Credit Cards

Some of the links on this site contain offers from our partners. Chase and food delivery service DoorDash have cooked up a DoorDash credit card with Mastercard. The DoorDash Rewards Mastercard, which has no annual fee, offers exclusive DoorDash benefits to cardholders and earns rewards on purchases on and off the platform. The card could help you save money if you frequently use DoorDash for takeout and delivery orders, groceries and convenience store items, and household essentials.This card, which launched in March 2023, offers cardholders 4% cash back on DoorDash and Caviar orders, 3% cash back on dining, 2% cash back at grocery stores and 1% cash back on all other purchases. You also get free access to a year of DashPass – DoorDash's monthly subscription service – upon opening an ac...
Read More
What’s the Average Amount of Credit Card Debt in the U.S.? | Credit Card News & Advice
23Oct By adminNo Comments
Money

What’s the Average Amount of Credit Card Debt in the U.S.? | Credit Card News & Advice

Credit card debt is damaging the finances of millions of Americans. For many decades, households have been sinking in a sea of red ink.Because credit card interest rates tend to be high, the deeper someone falls into debt, the more difficult it is to climb out of the hole.So, just how much credit card debt does the average American hold today?The Average Amount of Credit Card Debt in the U.S.As of the second quarter of 2023, the average credit card balance in the U.S. was $5,947, according to TransUnion, one of the three major credit reporting agencies."This represents the highest average balance since the second quarter of 2008," says Paul Siegfried, senior vice president and credit card business leader at TransUnion.Total credit card balances in the U.S. hit a record-high $963 billion d...
Read More
Mortgage Fee Structure Changes: Understand 2023 LLPA Changes | Mortgages and Advice
23Oct By adminNo Comments
Money

Mortgage Fee Structure Changes: Understand 2023 LLPA Changes | Mortgages and Advice

A new federal rule aimed at improving mortgage accessibility could result in higher prices for homebuyers with good credit while smoothing the path for riskier borrowers.Since May 2023, mortgages delivered to the Federal Housing Finance Agency have faced changes to their loan-level price adjustments. These changes affect conventional mortgages and refinance loans purchased by Fannie Mae and Freddie Mac, adjusting conventional mortgage interest rates higher for some homebuyers and lower for others.What Are LLPA Fees?Loan-level price adjustments, or LLPAs, are risk-based price adjustment fees. These mortgage fees are tied to a range of factors, including your credit score, loan-to-value ratio and the type of mortgage. Lenders typically use LLPAs to determine your mortgage interest rate.LLPA...
Read More
What Is Loan-Level Price Adjustment? | Mortgages and Advice
9Oct By adminNo Comments
Money

What Is Loan-Level Price Adjustment? | Mortgages and Advice

Loan-level price adjustments, or LLPAs, are fees that influence the cost of a conventional mortgage based on a borrower's risk level. LLPA fees lower mortgage pricing for low-risk borrowers while raising the cost for higher-risk borrowers. Here's what you need to know about LLPAs if you take out a mortgage.What Are Loan-Level Price Adjustments?"LLPAs are adjustments to the price of a mortgage that compensate for risk," says Casey Fleming, a mortgage advisor and author of "The Loan Guide: How to Get the Best Possible Mortgage." Ultimately, it's what affects your price quote, he says.When you get a conventional mortgage quote, your lender will determine the interest rate and cost of discount points by using an LLPA fee matrix set by Fannie Mae or a credit fee matrix from Freddie Mac. These ...
Read More
What Is the Average Credit Score? | Credit Cards
6Oct By adminNo Comments
Money

What Is the Average Credit Score? | Credit Cards

Key takeaways The average credit score for American adults is 716 based on FICO's scoring model and 702 based on VantageScore. The average credit score generally increases with age, likely due to older generations carrying less debt, using less of their available credit and missing fewer payments. Minnesota has the highest average credit score of any U.S. state while Mississippi has the lowest. The average FICO credit score in the U.S. is 716. The average VantageScore, another frequently used credit scoring model, is 702."There are hundreds of different credit scores, and they all use the information in your credit report to generate a score," says Rod Griffin, senior director of consumer education and advocacy at Experian. "People often...
Read More
First Tech Federal Credit Union Personal Loans Review 2023| US News
5Oct By adminNo Comments
Money

First Tech Federal Credit Union Personal Loans Review 2023| US News

Find the Best Personal Loans for You Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit ScoreHow Can a First Tech Federal Credit Union Personal Loan Be Used?You can use a First Tech personal loan "for almost anything," according to the lender. A personal loan offers an alternative to a credit card to pay for emergencies or little luxuries, such as a dream vacation or a deck for your house.Common loan uses for personal loans might include: Consolidating debt. Covering emergency expenses. Financing home renovations. How Does a First Tech Federal Credit Union Personal Loan Work?You can apply for a First Tech personal loan online, by phone at 855-855-8805 or in person at a branch. First Tech ...
Read More
BHG Personal Loans Review 2023| US News
4Oct By adminNo Comments
Money

BHG Personal Loans Review 2023| US News

What Can BHG Personal Loans Be Used for?You can use an unsecured personal loan from BHG for a variety of reasons, including:BHG also offers business loans, Small Business Administration 7(a) loans and startup loans, plus health care financing options for patients and providers. How Do BHG Personal Loans Work?You will receive a copy of your application to sign and must provide BHG your most recent pay stub to help with the credit decision. Other documents may be required based on your creditworthiness.BHG personal loans require no collateral and may be approved in as little as 24 hours and funded in as few as five days.What Are BHG's Loan Terms, Fees and Conditions?Rates and terms vary and are determined by your credit profile. Interest rates start at 12.99% with terms of up to 10 years an...
Read More
Achieve Personal Loans Review 2023| US News
3Oct By adminNo Comments
Money

Achieve Personal Loans Review 2023| US News

Find the Best Personal Loans for You Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit ScoreWhat Can Achieve Personal Loans Be Used For?Achieve offers unsecured personal loans, including debt consolidation loans. Loans can be used for a variety of purposes, including:How Do Achieve Personal Loans Work? If you're ready to apply for an Achieve personal loan, begin the preapproval process by clicking "get started" on the lender's website. You can check your odds of approval without hurting your credit.If you qualify and you like your terms, complete the online application with the help of a loan consultant. Borrowers can apply on their own or with co-borrowers but not with co-signers. The lend...
Read More
Can I Use a Personal Loan to Pay My Tuition? | Personal Loans and Advice
30Sep By adminNo Comments
Money

Can I Use a Personal Loan to Pay My Tuition? | Personal Loans and Advice

You may be able to use a personal loan to pay for all or some college-related expenses, but it's likely not your best option. Borrowers can typically use personal loans for any purpose, and some lenders may not ask what the funds will be used for. However, some lenders may refuse to provide a personal loan for education expenses."While you certainly can use personal loans for college expenses, these would not be my first choice," says Joe Orsolini, president of College Aid Planners. "There are far better options, such as federal student loans or private student loans that make a lot more sense for college expenses."Some lenders will not provide a personal loan to cover tuition costs because the 2008 Higher Education Opportunity Act placed several requirements on lenders offering private e...
Read More
How to Improve Your Credit Score | Credit Cards
16Sep By adminNo Comments
Money

How to Improve Your Credit Score | Credit Cards

If you're often turned down for credit or you can only qualify for loans with exorbitant interest rates, your credit score may be to blame. Fortunately, there is no shortage of strategies you can use to boost your score. As your score increases, you'll generally be better positioned to get loans at more affordable rates. How to Increase Your Credit ScoreAchieving a higher credit score takes time, patience and financial responsibility, says Tom Quinn, vice president of scores at FICO. "While you can't fix your FICO score overnight, you can focus on behaviors and practices that creditors look for in a borrower," he says.In other words, if you're hoping for a magic bullet to increase your credit score, there isn't one – but you will surely benefit from taking the following steps.Check Your C...
Read More