I know what you’re thinking: the confetti is still falling from New Year’s Eve 2017, and the year is just getting started, so why would we want to discuss taxes? It’s actually the perfect time to start preparing for tax day so you won’t be scrambling and rushing come April. In fact, tax preparers and CPAs get ...Continue Reading →
As the confetti falls on another New Year and the calendar page flips to 2017, we’re reminded by how truly incredible 2016 was. To commemorate the last 365 days and say goodbye to 2016, we decided to put together our top-10 blog posts of the year, as determined by reader views.
As always, thanks for reading, sharing, and follow Blue Water Credit, and please reach out to us if you need any advice or help with your credit score in 2017. ...Continue Reading →
What’s in a number? When it comes to credit scores, it turns out a whole lot! Here are 20 illuminating statistics about credit score that we updated with the most recent data for 2016:
1. The average FICO scores, the most commonly used model with a range from 300 to 850 points, is 699 as of July of ...Continue Reading →
A closer look at your different FICO scores:
What’s your FICO score? No matter what you respond, your answer will be wrong – or at least incomplete – because FICO actually has several scores for each score holder. In fact, FICO, the metric for consumer credit scoring introduced by engineer William Fair and mathematician Earl Isaac in 1956, has evolved from one general score into myriad ...Continue Reading →
What time do you start work and what time do you “punch out” for the day? If you’re like most Americans, your working hours probably encompass 8 a.m. to 5 p.m. or something similar. In fact, most approximately three-fourths of U.S. workers start their workday in the four-hour span between 6 a.m. and 10 a.m.
But a significant portion ...Continue Reading →
These days, so many people are struggling financially, failing to save, awash in debt and student loans, shut out from home ownership, and wondering how they’ll retire comfortably. So it’s more important than ever to identify the red flags in our financial picture, and then fix them.
In part one of this blog we covered the first 7 financial red flags to look for. Here are 7 more to identify in case you’re inadvertently sabotaging your finances, and most importantly, action ...Continue Reading →
A lot was riding on this past US presidential election. It wasn’t just the fate of the nation being decided; whether we’ll be led the next four years by Donald Trump or Hillary Clinton in the White House. It wasn’t just policy, law, the economy, peace, or liberal vs. conservative doctrines teetering in the balance. In fact, there was a lot more riding on who came out a winner as POTUS in the early morning hours of Tuesday: money.
That’s because ...Continue Reading →
Approving mortgages is all about assessing risk, as underwriters scrutinize every detail and shred of data in hopes of accurately predicting if a potential borrower will pay their mortgage on time every month – or default.
That’s good news for consumers that are good stewards of their financial affairs since keeping a great credit score, a low debt load, and plenty of assets will help them get approved for the best low-rate mortgage loan when it comes time to refinance or ...Continue Reading →
“Money can’t buy you happiness,” is a mantra we tell ourselves regularly, put on bumper stickers and even teach our children. But is it true?
Probably not, it turns out, as studies point to the positive correlation between income and levels of happiness. So having more money really will make us happier?
Somewhat, but there are certain important distinctions to make before we start blindly chasing dollar signs in hopes for inner bliss.
First, we’ll go over the research:
One of the first stabs ...Continue Reading →
No one is safe from data breaches and credit report hacks, even the top celebrities and politicians in the U.S. – including those in the White House. That’s the lesson we’ve learned over the past couple years, as hackers have infiltrated some of the most famous people in the world, making their sensitive financial and credit information public.
In one such case, a suspected Russian hacker group released the credit reports of 17 politicians, musicians and celebrities, including their most intimate ...Continue Reading →