How One Meets FCRA Requirements?

how-one-meets-fcra-requirements

Most of us use credit cards in daily life. The transaction information lies with the credit bureau. We get benefits if it meets FCRA requirements in the system. It is vital to have a basic knowledge of FCRA. Fair Credit Reporting Act (FCRA) is a federal law in America. It maintains the fairness, correctness, and … Read more

Income Restricted Housing and How Bad is it?

Income Restricted Housing

What is Meant by Income Restricted Housing Apartments? These are privately-owned apartments that qualify for subsidized or reduced low-income rentals. As such, qualifying applicants raise a specific percentage of rent based on the area’s median income.   Initially, the apartments were owned by the government. However, they were later devolved to allow states, cities, and private … Read more

Average Credit Card Limits and How to Increase it?

Average Credit Card Limits

The customer may have no credit history. Getting approval for a credit card is difficult. A person receives the credit card as per the factors like income. He/she prefers to increase the average credit card limits in life.  If people manage to increase the average credit limit; they enjoy many benefits. People need to reduce … Read more

Measurements of Your Credit Card?

Measurements of Your Credit Card

We use credit cards throughout life. Do we know the credit card size during usage? The question sounds tricky. We may have observed the credit card with a magnifying glass. It came to make the transactions fast and easy. It looks attractive and feels interesting to touch. We have not given a second thought to … Read more

Your Credit Card Expiration Date: What You Need To Know

Your Credit Card Expiration Date

According to the Credit Card Producers, the user is needed to replace the credit card when it gets damaged physically. That’s the main reason; credit card expiration date is present. This date also prevents security breaches that hackers can use to get unauthorized access. This expiry date is also known as the significant piece of … Read more

What is Creditworthiness and How You Can Increase?

What is Creditworthiness

Creditworthiness is a measure used to determine if a borrower should receive credit. If the lender is confident that the borrower will pay off debt on time, they are deemed creditworthy.   Lenders aren’t the only people interested in your creditworthiness; suppliers and customers also use this factor to assess a company’s financial reputation. Nobody … Read more

Things to Know about Mortgage Credit Certificate in 2021

Mortgage Credit

Want to buy your first home? But you do not have an idea about the loan? You may hear about mortgage credit certificates. Still, doubt about what it is? There are lots of important things to know about a mortgage credit certificate(MCC) in 2021. Taking a loan from the bank is not easy and especially … Read more

The 5 C’s of Credit: Banks Analyze for Creditworthiness

5 C’S OF CREDIT

The 5 C’s of credit evaluate a borrower’s creditworthiness. Creditworthiness refers to a borrower’s ability to borrow, use, and return money based on the agreed conditions. Financial institutions use this factor to determine one’s credit limit and the interest rate to charge on loan.  They review five factors when evaluating a borrowers’ creditworthiness: character, capacity, … Read more

Ultimate Guide to Mortgage Protection Insurance

Mortgage Protection Insurance

If you have a house of your own, it is a great blessing. But this blessing may have some risks, which may have harmful effects on you and your family. What if your house gets harmed due to disasters or your property gets stolen? Do you know? You need Mortage Protection Insurance.  Mortgage protection insurance … Read more

Charge Card vs. Credit Card: What Differ?

Charge Card vs. Credit Card

Using electronic cards in the 21st century is so common nowadays. People used to make a transaction using a card. In this post, we will focus on what is the difference between a charge card vs. credit card? The type of card an individual uses depends on personal choice. The market has different electronic cards … Read more