By Monika Tober, legal assistant
At the beginning of 2020, a dynamic change in retirement law passed: the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement Act. This plan includes the following important and major changes: Continue reading “Important Changes in Retirement Law to Know”
Guest post by Dan Lucchesi, owner and founder, The Lucchesi Property Group
If you’ve decided to get your credit on track, getting started can feel a bit daunting. After all, it can sometimes seem as if credit agencies want to keep you in the dark about how scores are calculated. Not to worry — with some diligence on your part and a little insight into the world of credit score-keeping, you can get back on track in 2020.
Credit scores follow an algorithm first developed by the data analytics company FICO years ago. For a while, credit scores weren’t the primary force behind a credit decision, but over time, the impact of a credit score became more and more important. Most every loan program available today has a minimum credit score.
There are five characteristics of your credit history that make up your three-digit score: your payment history, account balances, the length of your credit history, the types of credit used and how often you’ve applied for new credit. Continue reading “Credit Scores Demystified”