bad credit

I Pay My Mortgage On Time but I Have Bad Credit. Can I Refinance?

Q: Our credit has been bad for the past 6 years. We have 6 years left on our mortgage and have never been late. Can we refinance our mortgage? A: Thanks for reaching out to me on AskTheMoneyCoach.com. You didn’t specify what your credit score is, but since you said you have “bad” credit, I […]

I Pay My Mortgage On Time but I Have Bad Credit. Can I Refinance? Read More »

A sharpened red pencil points to the word "refinance" on a document, signaling its importance.

Can I Refinance My Mortgage if I Have Bad Credit?

If you’re hoping to refinance your mortgage, but are worried about having bad credit, there’s good news and bad news. The good news is that you can get a new home loan, and bad credit alone won’t stop you from refinancing your existing house note. The bad news is that a poor credit rating will

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A steam train emerges from a dark tunnel, light and smoke billowing as it heads into a sunlit area, much like navigating through the aftermath of a financial train wreck toward brighter days.

3 Signs You’re a Financial Train Wreck Waiting to Happen

As a Money Coach, I am often contacted by someone who claims to be a hot financial mess. In fact, many people think that they’re financial train wrecks just waiting to happen. Actually, some of them are right: their economic circumstances are indeed dire. But some people are simply excessively worried, at a loss for

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Should You Get A Mortgage Loan In Your Name Alone If Your Spouse Has Bad Credit?

Q: We own an old house that needs 100k worth of work. Should we get a construction loan or a mortgage loan? My husband has a paid IRS lien on his credit report. I have great credit.  Should I get a loan in my name only?  Should I title the house in my name only?

Should You Get A Mortgage Loan In Your Name Alone If Your Spouse Has Bad Credit? Read More »

A dense crowd of people walking closely together. Most individuals have their backs to the camera, and the image is focused on the top of their heads and shoulders, reminiscent of a mass gathering driven by urgent concerns like dealing with bad credit.

How Many People in America Have Bad Credit?

Out of the roughly 220 million Americans that have credit files maintained by the “Big Three” credit bureaus (Equifax, Experian, and TransUnion), about 1 out of 5 individuals have very poor credit, bad credit, or “deep subprime scores,” according to Experian. Research from the credit bureau found that between the third quarter of 2006 and

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