News

New mortgage loan limits for 2020

As values in our country continue to steady and in some areas still climb ever so slightly, fannie mae and freddie mac are again forced to raise loan limits for 2020. Fha, conventional, etc mortgages increase there loan limits for 2020. 

https://www.housingwire.com/articles/fha-fannie-mae-freddie-mac-are-all-now-backing-larger-loans/

By Credit Life Admin | | Read more

Garnishments

Since some of our purchasers are in a position where they are being garnished or could be garnished, its important to understand what it means, details, etc surrounding it and how it can effect you and how long. 

https://www.fool.com/the-ascent/banks/articles/what-is-wage-garnishment/

By Credit Life Admin | | Read more

If your a consumer and your deep in student loan debt stay far away from this.

https://citizentruth.org/are-income-share-agreements-the-answer-to-ballooning-student-debt/
By Credit Life Admin | | Read more

Home Equity Lines and Credit Score

You are considering whether or not to get a home equity line of credit. This The Simple Dollar article details the positives and negatives of this decision, as well as how it can impact your credit score.

Teaching Your Child Responsible Credit

Is credit card management the right move? Learn from this USA Today article how you can help your child begin to build a good credit history in three different ways.

Employment and Credit Checks

If you are interviewing for a job, a credit check may be a part of the process. Have you ever wondered what credit details are shared with potential employers and how the process works? This Money & Career Cheat Sheet article explains.

Shop Carefully Through Holiday Credit Card Promotions

So you are planning to sign up for a credit card with a special promotion this holiday season. Read this NerdWallet article to understand the differences between deferred interest and an introductory 0% annual percentage rate, and why the difference is so important.

How Does Age Impact Credit Score?

Age can favorably impact your score due to a longer credit history, but not paying attention to some very important other criteria can negate some advantages. This The Motley Fool article explains.

Finance Charges Defined

This USA Today article elaborates on credit card finance charges, and ways you can prevent these charges.

Secure Online Holiday Shopping

This video from Bloomberg highlights some good security tips to follow as you are beginning your online shopping this holiday season.

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