What credit score is needed to buy a house?

Can I Buy a Home With Bad Credit? The Answer May Surprise You! If you’ve ever considered buying a home, then the word “credit” probably has a distinct significance for you. Having a decent credit score is a must when you’re looking to buy a new home, but for the uninitiated, what credit score is needed to buy a house? Why do you even need good credit in order to purchase a home in the first place? We’ll be taking an in-depth look at that question and many more in…

Read More

How To Consolidate Debt

[wp_ad_camp_1]If you are in debt that is over your head, there may be some debt relief options for you.  Debt consolidation loans can be a great way to lower your interest rate and also lower the monthly payments on your debt obligations. Sometimes it can be your savior and the best way for you to avoid bankruptcy.  It can be a vehicle for getting out of debt if done right.  Here are some tips you need to know on how to consolidate your debt.

Read More

How Credit Cards Work: Understanding Credit Cards

[wp_ad_camp_1] A credit card is essentially a loan from a bank that can be taken out at any time during your discretion.  When you use credit, you are effectively taking out a loan against the issuer of the credit card.  Therefore, you have an obligation to pay that debt.  A credit card issuer will impose a credit limit on you according to your credit score and credit history.  Those with a bad credit score will usually have a low credit limit as well as those without a credit history.  This…

Read More

Difference Between HARP and HAMP

[wp_ad_camp_1] There are two government programs that homeowners qualify for; HAMP and HARP (Home Affordability Modification Program and Home Affordability Refinance Program).  But many people are confused which program they qualify for.  This article will hopefully clear up some things for you so you can get a better understanding as to which program you qualify for.  The following details the difference between the HAMP and the HARP programs.

Read More

Loan Modification Contacts

[wp_ad_camp_1] These are the contacts I have gathered around the internet if you want to contact someone at your bank about a home loan modification.  I’ve tried to filter and verify all these but if the contact doesn’t work, go ahead and shoot me an e-mail at admin@financeandcareer.com and I will try to find a better number. More will come soon as I dig up more.

Read More