Q&A :

Best Practices for Buying a House?

Here’s what I think I know about buying a house: Get a home inspector to check the place out first before you do anything, to avoid ending up in a money pit. I...

How is interest rate calculated for a floating mortgage

I am trying to calculate the amount of interest I need to pay for a mortgage that just turned from fixed to floating. Current balance is: -550,000 Interest rate: 5.95%...

Increasing downpayment v.s. Prepayment

I want to apply for a mortgage loan of $100,000 with $10,000 down-payment. The loan should be paid in 15 years, and the interest rate is 4%. Suppose I can have $20,000...

How do I divide equity following separation with cohabiting partner?

I have been in a cohabiting relationship for 20 years – we are living in a property that we have lived in for 12 years – we bought the property for £95,000...

Make large Amazon purchase with 5% cash back or gift card balance?

I’m an Amazon prime member, and I have their 5% back credit card. I’m also recently engaged, and after two wedding showers we have a $1000 Amazon gift card...

My bank wants to lower my credit limit on my credit card. Will this impact me negatively?

I have a credit card upon which I buy my day-to-day purchases, and pay off in full every month, in order to build a credit history. I have a credit limit of £4050. My...

Apply for credit card again after being rejected

I already have one discover credit card and I recently applied for Wells Fargo credit card. But it got rejected saying that I am not a US resident. Something about me:-...

Best way to build a credit history for a graduate student in the US

I’m a first year graduate student in the US, and I’m considering several options to start building credit history. 1) Apply for a local credit union secured...

What does the negative balance number mean?

My credit card has a negative number but my credit limit has not been exceeded. Do I owe that negative sum to the bank? I have only spent 26$ since I made my last...

Can my bank automatically pay my credit card company without my consent?

I am going through a rough financial period and have not been able to pay the minimum on my credit card, however i noticed that as soon as money came into my checkings...