A credit score determines a great deal about whether or not you qualify for a large loan, such as a mortgage or vehicle loan. It tells the lender whether or not you are a good credit risk, if you will likely pay the loaned money back, and if you will care for the property you [...]
We often hear about someone closed that had problem with their banks because they have a bad credit history. They didn’t want to lend him anymore money or were asking for extra security because his beacon score was not high enough. Your Beacon score is something very fragile and little mistakes can make [...]
Every Saturday, The Credit Toolbox does a review of good read around the blogosphere. Here’s what caught my attention this week:
PF Credit Cards shows you How to Beat Priceline and Get a Winning Bid.
Jim at Bargaineering has a Review of MyFICO ScoreWatch.
Tyler from CreditCards.com talks about how Credit Card Regulation is Brewing for [...]
The total debt-servicing ratio (TDSR) is used by most banks to qualify their clients for loans and such. Most likely you wonder how they calculate it.
The first thing you need to take into account is your monthly income. Banks work with gross income. Business owners who are self employed tend to have a higher debt [...]
The other day, I met a French student that just started his PHD in engineering (I didn’t mind asking what was his specific field of study as he would lost me at “hello” anyway ). He had an important amount of money he received from his parents and wanted to purchase a property.
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