If you’re looking for a new apartment, you are likely already trying to figure out what monthly rent fits your budget. However, other financial factors can determine if you’ll be accepted for a new rental property. Though everything from your savings to your salary can impact your eligibility, today we’ll be talking about a common
Because your credit score determines so much of your financial life, it is important to understand the logic behind your score fully. Small changes to how and when you pay your debts can make all the difference when trying to build or repair your credit. A credit score seems complex because there are many factors
Pressed for time? Here’s what you need to know. Historically, credit reports don’t include rent payments. Why? Because rent isn’t considered debt. As we all know, landlords and property managers don’t lend us rent money each month to be repaid later with interest. Until 2010, the only time rent payments would show up on your
Pressed for Time? Here’s a summary. Credit and debt are two sides of the same coin. Debt is money you owe. Credit says how much you’re able to borrow. In the U.S., your credit is everything. It affects your ability to afford an education, car, rent or buy a house. It can even impact your
Pressed for time? Here’s a summary. While the first half of the 20th century saw the beginnings of modern credit systems, they matured in the second half. In the 1960s, everyday shopping moved from installment credit to revolving credit. However, this only happened for those who could afford a middle-class lifestyle. Those in underdeveloped urban
This August, during National Black Business Month, two Black-Owned startups are partnering to build a pathway to homeownership for working families through credit building. Today, 45 Million Americans have poor or no credit score, ultimately impeding their access to capital, homeownership, and wealth-building opportunities. Rent, which is the single largest monthly expense for most individuals,
This blog was written by our partner Zibo. Read the original post here. Renting your home? Learn this simple way to report on-time rent payments to credit bureaus and improve your credit Nearly half of Americans have poor or no credit scores, largely preventing them from gaining access to lending, housing or other financial
Pressed for time? Here’s a summary. From the 1920s through 1950s, our modern consumer credit system took shape. These decades saw the invention of installment credit, long-term mortgages, and revolving credit. And the basis of our modern consumer credit landscape was formed. From retail to homeownership, no facet of American life was unaffected by the