What is a credit score?A credit score is a number that lenders, landlords and prospective employers use to predict how an individual will handle obligations like repaying a loan or paying rent on time. How is my credit score used?When you apply for credit, the lender uses your FICO score to measure risk in deciding […]

Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing […]

Quite recently people have been seeing the nominal interest rate on their credit card statements which is usually lower than their annual percentage rate due to the need for certain fee disclosures. The nominal interest rate is your rate on your credit card. The annual interest rate, if higher, usually is because of a fee […]