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How to Budget

Senator Elizabeth Warren made a budget strategy popular, the 50/20/30  budget rule to reach your financial goals. It’s basically separated by 50% on needs, 20% on paying debts or saving and 30% for just living how you like, meaning gym memberships or dinners in a restaurant, etc.   Needs The 50% on needs are for …

How to Remove a Hard Inquiry

A hard inquiry when you apply for a new credit card or a new loan. A creditor will view information on your credit report to determine whether to extend or give the credit or not. A hard inquiry stays on your reports for two years, after that they are removed, but if you can’t wait …

Can Tradelines Boost Credit?

Yes, tradelines can boost credit. Tradelines are debts that you’re paying off like credit cards or auto loans, or any time of loans. Payment history, credit age, credit card utilization, inquiries, total account and derogatory marks are the six main categories that your credit is composed of. Inquiries and derogatory marks will hurt your score, …

What is the Minimum Credit Score for a Home Loan

Minimum credit scores vary depending on the mortgage you’re trying to get, whether it is an FHA loan (Federal Housing Administration), a VA loan (Department of Veteran Affairs) or a conventional mortgage. Conventional Mortgages Minimum Credit Score Needed: 660 or higher.  These loans are not insured by a government agency but follow standards set by …