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If you’ve got a 715 credit score, you’re doing pretty well and it’s by no means a bad credit score. When you go to take out an auto loan or check around for the lowest mortgage rates, you’ll be able to get a good rate, but not the best.  This Guide is Also Relevant to Individuals with scores 714, 713, 712, and 711. Nearby credit scores such as these will be able to benefit from this article. Before the recession, the…

Credit scores are important for people who are looking to get a loan such as an auto loan or get a good mortgage rate. Your credit score will affect your mortgage rate, causing you to have a higher interest rate if you have bad credit. In the grand scheme of things, a 705 credit score is good. Typically a score 700 or above is considered good since most people’s credit scores fall in the 600-750…

Finance and insurance managers oversee the financial and insurance relationships of big organizations, and possibly will have a specific entitlement, for instance, financial officer or maybe risk manager. They often manage budgets, reserves, audits and perform vital accounting methods. A degree in the field is the least possible requirement, although most arrive at their positions subsequent to many years of work related skills and experience and only after they have obtained their master’s degree. Finance…

A person’s age plays a significant role in their willingness to utilize the convenience of banking online. Weekly trips to the bank were part of the normal routine throughout the working years for many older people and the thought of accessing a bank account through a computer is simply beyond comprehension. The fact remains, long lines in a brick and mortar banking institution have been replaced with a wide variety of online banking services. Society has…

In the 1980’s, trading was a specialized past time that only appealed to professional investors with the backing of large financial institutions. This was a reflection of the nature of the stock and financial markets during this time, whereby the majority of transactions were conducted by telephone and third party brokers had to be relied upon to effect swift transactions. Fast forward to 2012, and the financial markets have changed beyond all recognition. Not only…

A credit card is not more than a small piece of plastic but it has the power to transform your life. It is the key to a better lifestyle and higher standard of living albeit at a cost. You can spend more than you earn and keep paying off the amount with the passage of time. All in all, it seems like the best possible deal you would find. But this is not the case.…

There is a common perception in the U.S. that personal finance will be decisive in determining which way citizens will vote in the November elections, as individuals look to the government to help ease the rising levels of poverty and economic instability that have hit the nation hard. With disposable income becoming increasingly hard to source, the majority of voters are likely to base their decision on which presidential candidate offers the most viable personal…

Top Savings Account Rates in June 2012 EverBank is offering people a savings account interest rate of 1.01%. This is one of the best rates in the market at this time. As of June 1, 2012, American Express is offering a savings account interest rate of .85%. While this is below 1%, it is still considered a very good rate at this time. In addition there are no minimum balance requirements and no fees associated…

There may come a time in your life when you just can’t hold on to your house anymore. The economy is bad, and it’s questionable whether it will recover any time soon. You basically have two options open to you: short selling and foreclosure. Before you act, make sure you understand what you’re getting into with either option.  Short Selling Short selling refers to the practice of selling your home and collecting proceeds that fall…

With all of the promise of mutual funds, it’s reasonable to expect that they would have a yield than standard bank savings accounts. This, however, is not always the case. While some indeed beat the banks, others can actually result in losses. The most popular mutual fund of 2011 was the Templeton Global Bond, according to CNN Money. Investing in this fund would have netted you a gain of 5.5 percent. The 5th most popular fund,…

If you’re like most college graduates then you probably finished school with student loan debt. It has been estimated that the average grad now walks away owing around $25,000 while the total value of outstanding student debt in the United States has recently topped $1 trillion. There are a lot of people out there talking about what this means. Some are saying it’s the next economic bubble set to burst, while others believe that if…

We’re all pulling for the housing market to recover. Most of us want to live the American dream, and part of that dream is having a piece of land and a home of your own. As much as we’d like to be optimistic about the prospects of the housing market, it’s more important than ever to be realistic. Like it or not, the reality is that the housing market isn’t going to recover anytime soon.…

When you are considering whether or not your credit score is ‘good enough’, you need to take into account the changes in the financial industry that have recently taken place. Since the near-collapse of the housing market and the changes in the credit card industry, lenders and creditors are a lot more careful about their risks when passing out money. This article is appropriate advice for credit scores of 709, 708, 707, and 706. Changes…

Maintaining a credit score of 700 is a good starting place but you must consistently do what is necessary to ensure your credit score does not drop lower but rather gets better over time. There is certainly no quick and easy fix to improving credit scores or recovering from past mistakes. It takes time and effort on behalf of the consumer to make sure credit histories are stable and credit scores stay high. 710 Credit…

There are different types of credit scoring models used by lenders. The credit score helps a lender predict how likely it is that an individual will repay the money they borrow. Whether or not a 670 score is considered “good” will depend on the lender and the type of score being used to assess an individual’s risk level. The FICO credit scoring model is the most commonly used by lenders. The score is used to…

Of all home mortgage products, an FHA loan is one of the easiest to qualify for. FHA loans are more flexible than other home loans, require less than 5% down payment, and help many people qualify for mortgages who could not otherwise qualify. The loan requirements involve showing your ability to pay for the FHA mortgage, and having at least the minimum credit score needed for an FHA loan. General FHA Loan Qualification Requirements The…

Your credit score is a three-digit number which has a significant impact on all areas of your financial life. This number will determine whether or not you are approved for a loan, mortgage, lines of credit and credit card accounts. Lenders look at your credit score to gauge their risk level when considering a request for credit. The higher your score, the higher your chances of becoming a borrower. Your credit score will also affect…

A credit core of 750 is considered a great credit score by all lenders. The majority of lenders rely on the FICO credit scoring model when determining whether or not to extend credit to an individual. If you have a credit score of 750 or higher, you will get approved for almost any financing you apply for and receive the best interest rates available. Earning a 750 credit score is not easy, and lenders realize…

Young adults in America are currently saving more money than before based on recent information provided by financial institutions like America Saves. However, almost half of young adults that range from the ages of 18 to 35 are not saving money. This urgent issue must be addressed since the earliest that a person starts to save money, the better quality of life he or she will have later in life. It’s never too late to…

Young adults who are just out of college or a few years into their careers are in an ideal position to secure a solid financial future. This article lists five specific steps that any young professional should take before age 30, when he or she still has relatively few obligations and can set up a solid plan for meeting his or her long-term goals. As a young professional, you probably have certain long-term goals in…