![]() Test yourself: Do you know where you stand financially? Take our quiz and read more personal finance advice. The interactive package offers guidance for every life stage, whether you’re just starting out in your career or planning for retirement. ![]() Amounts owed typically makes up about 30. Money moves for life: For a more sweeping overview of my timeless money advice, see Michelle Singletary’s Money Milestones. Payment history typically makes up 35 of the total calculation. For those looking to get out of credit card debt, see if a balance transfer is right for you. It’s just a myth that it will boost your credit score. Even though it lowered my perfect 850 credit score and my column about it sparked some serious debate with readers, it was one of the best financial decisions I’ve made.Ĭredit card debt: If you’re in the habit of carrying credit card debt, stop. My mortgage payoff story: My husband and I paid off the house in the spring of 2023 thanks to making extra payments and taking advantage of a mortgage recast. For consumers with a credit score between 690 and 719, an average interest rate of 4.95 percent for auto loans during this. According to ValuePenguin, scores at the 720 plus range yielded an average interest rate of 3.6 percent for an auto loan, as of 2018. ![]() If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-85). Quick Answer For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. Having a super prime score of 720 or above is truly optimal for the best auto loan rates. The best of Michelle Singletary on personal finance
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |