Busconómico's Blog

How to check your credit score?

What is credit score is like the master key that will open all the doors to financing. Due to its importance for banks and for you to improve your quality of life or that of your family, we will show you the available ways to check it when necessary. grow-credit It may interest you: Personal loans w..

10/21/2022 Read more

What are UGMA/UTMA custodial accounts?

The universe of banking instruments is quite broad, so the topic of personal finance can be overwhelming at times. To make things easier for you, we've saved you the trouble of interpretation and research for many relevant products. May interest you: Bank of America accounts This time we will..

10/21/2022 Read more

What are mortgage closing costs?

Buying a home in the United States is not a simple or cheap process, that's no secret to anyone. If you're thinking about buying a property, you have to worry about having the down payment (20% or more if you don't want to pay a Private Mortgage Insurance) and assuming the mortgage closi..

10/19/2022 Read more

Differences between credit and debit cards

As promoters of healthy personal finances, we understand that the habit of using a debit or credit card equally can be confusing. However, both banking products have some features you may not be aware of. It is precisely the differences between credit and debit cards that we are going to detail at ..

10/13/2022 Read more

Differences between lines of credit and personal loans

As you become more familiar with your personal finances, you should also become familiar with the different banking products available. The main reason is related to learning the precise utility of the tools available. Therefore, this time we will focus on the differences between personal loans and ..

10/13/2022 Read more

What is APY (Annual Percentage Yield) and how is it calculated?

When comparing bank products or reviewing terms and conditions for an account, personal loan, online credit, certificate of deposit or investment, you need to be alert. Understanding details such as the nominal interest rate, APR and APY can make a big difference in terms of earnings and savings. W..

10/7/2022 Read more

Difference between hard and soft in credit inquiries

Your credit score is one of those aspects you need to know how to take care of if you hope to obtain financing, increase your wealth and improve your quality of life. In this sense, we help you to know how hard and soft credit inquiries influence your credit history. What is a soft credit inquiry? ..

10/6/2022 Read more

What is the Private Mortgage Insurance (PMI)

We all know that the application process for a conventional or government-insured mortgage can be long and complicated. There are a lot of factors to consider. In this case we are going to focus on the Private Mortgage Insurance (PMI). What is the Private Mortgage Insurance Private Mortgage Insura..

10/5/2022 Read more

How to protect your account from overdrafts

When we incur too many overdrafts in our bank accounts, it means that something is not working well with our finances. It is a relevant issue because in the United States banks are very strict with their policies and especially because you are losing a lot of money with this behavior. To remedy this..

10/5/2022 Read more

How to compare different online quick loans

As the supply of fast online loans and payday loans grows, the more difficult it becomes to make the right decision. The good thing about having many alternatives is that you can find a product that suits your needs. The downside is that you will have to do a bit of research to compare which one is..

10/5/2022 Read more

What is the Automatic Clearing House (ACH)

The North American economic system is made up of a wide variety of institutions that safeguard financial operations. Among his many tasks is to ensure that transfers and payments are made quickly, safely and without complications.For this purpose, there is the Automated Clearing House (ACH). If you ..

10/3/2022 Read more

Insurances that may being included on credit cards

Credit cards are highly sought after products in the US for various reasons, especially the benefits they offer to cardholders. Although this depends on the type of plastic that the bank grants you, even the simplest instruments offer you some type of protection. Depending on whether you have accura..

9/30/2022 Read more

News and savings tips for your personal finances