Credit scores, debt consolidation, loan management, credit repair, and debt payoff strategies.
Master credit & debt management with our progressive approach
Foundation terms you need to know first (20 terms)
Consumer debt is money owed by individuals for personal goods and services, such as credit card balances, auto loans, and student loans, which directly impacts an investor's financial health and borrowing capacity for real estate.
A credit bureau is a company that collects and maintains financial information about individuals, compiling it into credit reports used by lenders to assess creditworthiness.
A credit inquiry is a request by a lender or other authorized party to view your credit report, which can be either a hard inquiry (impacting your score) or a soft inquiry (no impact).
Mortgage debt is the total outstanding amount of money a borrower owes to a lender for a loan secured by real estate. It typically includes the remaining principal balance and any accrued interest, paid over a set period.
Debt considered beneficial because it helps acquire assets that appreciate in value or generate income, ultimately improving financial health.
Complex strategies and professional concepts (1 terms)
A tenant credit check is a vital part of the tenant screening process, providing landlords with a detailed report of a prospective renter's financial history to assess their reliability and ability to pay rent.
A trade line is an entry on a credit report detailing a specific credit account, such as a mortgage, credit card, or loan, including its payment history and current status.
VantageScore is a credit scoring model developed by the three major credit bureaus that helps lenders evaluate your creditworthiness, typically ranging from 300 to 850.
Explore complementary areas that build on credit & debt management concepts
Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
Macroeconomic concepts, interest rates, inflation, Federal Reserve policy, and economic cycles.
Wills, trusts, estate taxes, succession planning, beneficiary planning, and wealth preservation.
Key financial calculations, ratios, and valuation methods used to analyze real estate investments and performance.