Blog Page two

During the pandemic, we saw a major plunge in interest rates. The American economy has suffered through one of the strangest times in history. While low-interest interest rates are great for those looking to make big purchases or investments, they can have a pretty negative impact on the overall economy if they come around too fast.    Is Now The Best Time To Lock In Low-Interest Rates   There are a couple of reasons why interest rates fluctuate:   Decisions made by the Federal Reserve System Demands made by investors, which depend on the US Treasury Notes and Bonds Decisions…

When it comes to the relation of credit score to debt, there is a lot of confusion out there. One misconception is that debt alone impacts your credit score significantly, while, in fact, your ability to pay debt off is what will have a larger impact on your score. According to Experian data, the majority of Americans believe that having tons of debt will hurt their credit scores. This sentiment is only half true, though the data also shows that individuals who have high credit scores tend to also have the greatest amount of debt. The question is, when it…