Tax season is right around the corner, and with the pandemic, deadlines have been extended. On July 15, annual taxes are due, but one difference that might affect your returns is the child tax credit. So what has changed? Here’s what you need to know when filing your taxes.
Personal Finance
Why Your Debt-to-Income Ratio Matters When Taking Out a Mortgage?
Aside from your credit score and credit history, mortgage lenders will also determine your “ability to repay” through your debt-to-income ratio or DTI ratio. It’s the part of your monthly gross income that you use to repay monthly debts. As someone planning to take out a mortgage, you need to understand DTI to figure out if you need to improve it to increase your chances of getting a lender approval.
5 Easy Ways Millennials Can Do to Improve Their Credit Score
Millennials who have plans on becoming a homeowner in a couple of years from now should work hard to improve their credit scores. While credit score provider FICO recently revealed that the median score is now pegged at 706, most millennials only have an average score of 668, which means many have “poor credit.” There are easy ways millennials can do to start improving their credit scores.
5 Important Steps You Can Do To Reduce Identity Theft and Fraud Risk
The recent Equifax global settlement in connection to a massive data breach, only proves that identity theft is almost impossible to avoid. As security information experts continuously work hard to protect our sensitive information, cybercriminals also work double-time to find security loopholes to steal our information. Although it’s almost impossible to avoid identity theft and fraud, there are steps we can do to reduce its risks.