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Created with Fabric.js 1.4.5 Interest rates: Interest rates: MORTGAGES The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Things like fiscalpolicy, economic growth, and inflationcause interest to rise (increasing the amountthat you pay). Credit Scores: Credit Scores: Your credit willtypically be viewedby possible land-lords and rental agencies! Your credit willtypically be viewedby possible land-lords and rental agencies! Your FICOscore is 35% of yourpayment history, so payyour mortgage! In Default: In Default: Guilty of failing to repay a loan or appear in a court of law. Defaulting on any will make it difficult if not impossible to rebuild your credit. Guilty of failing to repay a loan or appear in a court of law. Defaulting on any will make it difficult if not impossible to rebuild your credit. Foreclosure: Foreclosure: foreclosure is the process of taking possession of a mortgaged property as a result of the mortgagor's failure to keep up mortgage payments foreclosure is the process of taking possession of a mortgaged property as a result of the mortgagor's failure to keep up mortgage payments How do credit bureaus get their info: How do credit bureaus get their info: Credit bureaus get information from your creditors, such as a bank, credit card issuer, or auto finance company. They also get information about you from public records, such as property or court records. Credit bureaus get information from your creditors, such as a bank, credit card issuer, or auto finance company. They also get information about you from public records, such as property or court records. Average debt: Average debt: The average American household with at least one credit card has nearly $15,950 in creditcard debt (in 2012). The average American household with at least one credit card has nearly $15,950 in credit-card debt (in 2012). http://www.finpipe.com/why-do-interest-rates-change/http://www.investopedia.com/terms/i/interestrate.asphttp://www.credit.com/credit-reports/how-credit-impacts-your-day-to-day-life/http://homeguides.sfgate.com/credit-impact-not-paying-mortgage-1425.htmlhttps://www.alltuition.com/library/financial-aid/loans/how-student-loans-affect-credit-reports-and-scor es/http://www.federalreserve.gov/creditreports/
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