credit report

Three Important Figures: Why Your Credit Score Matters

Three Important Figures: Why Your Credit Score Matters

You already heard the numbers: 690, 740, 805. Three simple digits that may seem mysterious, abstract, or both. In the real world, however, your credit score largely determines what type and how much credit you can get, what interest rates you'll pay – and sometimes, whether you'll land in that great new job you want. Do we already have your attention? Understanding how the big three credit reporting agencies (Experian, Equifax, and TransUnion) calculate your credit score is key to knowing how to proactively manage your credit and safeguard your all-important triple-digit credit score. Your score allows businesses to assess their ability…
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Why, how, and when to check your credit report

Why, how, and when to check your credit report

Knowing how to access, understand, and manage your credit score and credit report is a key step in buying a home. Just as some people are afraid to visit a doctor for fear that they will discover that something is physically wrong, so too some people are afraid to check their important credit histories because they may find that their records are not as pristine as they would like and there is something wrong fiscally. According to a new study from WalletHub, a popular personal finance website, some 36 million American adults — a sum that exceeds the combined population…
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2021 Massachusetts Closing Cost Guide

2021 Massachusetts Closing Cost Guide

Massachusetts comes steeped in American history and packed with New England charm, so it's easy to see why people want to buy a home here. Are you a home buyer about to close your deal in the Bay State? While you may have gotten a competitive interest rate for a mortgage and saved for the down payment, there's another major hurdle you'll need to overcome: paying closing costs. Closing costs encompass all administrative and legal services you will need to pay for before you receive the keys to your new home. You pay these costs in a lump sum on…
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