What You Need to Know About Credit Inquiries and Your Credit Score

review credit reportA credit score is an unavoidable part of financial life. This three-digit number derived from information on your credit report directly impacts your ability to borrow money or access credit. It is one of the indicators used by lenders to assess how likely you are to repay debts in a timely manner. This score also affects how much you’ll pay to borrow money. The more you know about your credit score and what affects it, the easier it will be for you to protect your credit from negative impacts. Read More “What You Need to Know About Credit Inquiries and Your Credit Score”

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Qualifying for a VA Loan May Be Easier Than You Think

A recent survey by the National Association of Realtors (NAR) revealed that homeownership rates are higher among veterans and active military than those who have never served, especially within younger age groups. So, why are military personnel outpacing their non-military peers when it comes to owning a home? There are many possible explanations, but the impact of VA Loan benefits is certainly a factor. Of those surveyed by NAR, 54 percent of veterans and 74 percent of active military said they used VA Loans to finance their home purchase.

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How To Build Good Credit As A Young Person

One of the first steps to true independence is developing a strong sense of financial responsibility. The moment you start earning any money at all is the ideal moment to learn about money management, budgeting, and the importance of good credit. Whether you are exploring financial independence for the first time, or looking to re-build after a few credit mistakes, here are some options for getting on a path to a solid credit history.

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