FICO expert shares the No. 1 credit score myth
The average American does a pretty decent job managing their credit. But if you want to boost your credit score, it’s important to avoid falling for a commonly held myth: …
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Why the 30-year fixed-rate mortgage is a ‘uniquely American construct’
monkeybusinessimages | Getty Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate option — but they may not realize how unusual that offering is. “The 30-year fixed-rate …
With mortgage rates staying high, renting Is less expensive than buying
 Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home …
Raising your credit score can help you save $92 per month: report
With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair …
Black Americans still face steep hurdles to homeownership
Skynesher | E+ | Getty Images Homeownership is out of reach for many Americans â especially for Black Americans. In the country’s largest metropolitan areas, Black people own a disproportionately …
How to use rent-reporting services to build, improve credit
Luis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that. These services …
How it impacts your money
The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. Even so, consumers likely will get no relief from current sky-high borrowing costs. Altogether, Fed officials …
How to pick between buy now, pay later and retail credit cards
Both retail credit cards and buy now, pay later programs can offer opportunities to spread out payments for high-priced purchases, especially during the year-end holiday shopping season. Buy now, pay …
Credit card users paid $130 billion in fees, interest in 2022
American cardholders paid $130 billion in interest and fees in 2022, according to a new report from the Consumer Financial Protection Bureau. Cardholders were charged more than $105 billion in …