The FICO credit score is a three digit number that for years has been used by lenders to evaluate credit card, auto loan and mortgage applicants. The higher the score can mean bigger loans and lower interest rates. FICO scores rage from 300 to 850. The scores are calculated using the information in people’s credit  … Read More

The arrival of summer is also the start of wedding season. Marriage changes many things and taxes is one of them. Newlyweds should know how tying the knot can affect their tax situation. Here’s a tax checklist for newly married couples: Name and address changes Name. When a name changes through marriage, it is important to  … Read More

Parent Plus Loans are underwritten by the federal government and are popular with parents who want to borrow to help pay for their children’s education. These loans allow families to borrow without regard to their ability to pay. They generally carry higher interest rates than students’ loans, and come with fewer safeguards should a family’s  … Read More

The government responded to the COVID pandemic by allowing for mortgage forbearances.  One of the first acts of the Biden administration was to extend existing mortgage forbearance from March 30 until June 30,2021. This additional period allowed homeowners with conventional loans to request one additional three-month extension, for a total of 15 months of loan  … Read More

Scams targeting older adults take many forms, including callers posing as grandchildren in need of financial assistance. Scams can come in the form of emails directly people to fake bank websites where cons collect legion credentials. The pandemic has increased our isolation, especially older adults. While technology helps us stay connected, it has also opened  … Read More

Typically the IRS begins accepting and processing individual tax returns in late January. The agency has now pushed back the start of filing to FEBRUARY 12, 2021 for returns for the tax year 2020. Though the start of tax filing season is postponed by a couple of weeks, the government says it expects to pay  … Read More

How much do parents borrow for their children’s education? It seems, more and more. And with millennials growing older, parents may end up taking new college loans for their children before paying back their own loans. The College Scorecard is a website belonging to the U.S. Department of Education. It allows parents and students to  … Read More

The new administration has said one of its top priority is dealing with student loan debt. Whether you are a current college student or dealing with student loans you took out years ago, we’ve been told that help is on the way. COVID-19 has only increased the anxiety over dealing with existing student loan debt.  … Read More