Charged off as bad debt: Here’s what it means

“Charged off as bad debt” means the lender has written off the account as a loss because they don’t believe…

1 year ago

What is the average credit score in 2023?

According to Experian data, the average credit score in Q4 2022 was 714. How does your score stack up against…

1 year ago

Consumer debt statistics for 2023

Total consumer debt among Americans rose to $16.9 trillion by the end of 2022, according to the Federal Reserve Bank…

1 year ago

Debt-to-income ratio for a mortgage guide

Lenders will review your debt-to-income ratio for a mortgage. Learn more about how to calculate your DTI and lower your…

1 year ago

Does getting married affect your credit score?

Does getting married affect your credit score? Tying the knot doesn’t directly affect your credit, but your financial decisions as…

1 year ago