Categories
Uncategorized

Debt-to-Credit Ratio vs. Debt-to-Income Ratio: What You Need to Know

Understanding the Debt-to-Credit Ratio and Its Impact on Your Financial Health Managing your finances effectively is crucial for maintaining a healthy credit score and securing favorable loan terms. One key metric that plays a significant role in this process is the debt-to-credit ratio. In this blog, we will delve into what the debt-to-credit ratio is, […]

Categories
Uncategorized

“How a Secured Credit Card Can Continue to Boost Your Credit Score”

Why Keeping a Secured Credit Card Can Be Beneficial Even After Improving Your Credit At O1ne Mortgage, we prioritize consumer credit and finance education. While many people aim to transition from a secured credit card to an unsecured one as quickly as possible, there are several compelling reasons to keep a secured credit card even […]

Categories
Uncategorized

“Tips to Manage and Improve Your Credit Card Utilization”

Understanding Credit Card Utilization and Its Impact on Your Credit Score Managing your credit card utilization is crucial for maintaining a healthy credit score. High credit card utilization can negatively impact your credit score, but the good news is that this effect is reversible. In this blog, we will explore how long high credit card […]

Categories
Uncategorized

Tips to Lower Your Credit Utilization and Boost Your Credit Score

Understanding Credit Utilization and How It Affects Your Credit Score At O1ne Mortgage, we prioritize consumer credit and finance education to help you make the best financial decisions. Understanding credit utilization is crucial for maintaining a healthy credit score, which can significantly impact your ability to secure loans and favorable interest rates. In this blog, […]

Categories
Uncategorized

“Debunking Popular Personal Finance Misconceptions”

5 Common Personal Finance Myths You Should Ignore When it comes to managing your finances, well-meaning friends and family often have plenty of advice to offer. However, not all of this advice is beneficial. In fact, some commonly repeated financial tips can do more harm than good. At O1ne Mortgage, we believe in empowering you […]

Categories
Uncategorized

Tips for Managing Credit Card Minimum Payments and Avoiding Interest

Understanding Credit Card Minimum Payments: A Comprehensive Guide At O1ne Mortgage, we prioritize consumer credit and finance education. We aim to provide you with the best information to help you make informed decisions about your financial health. If you have any mortgage service needs, feel free to call us at 213-732-3074. In this blog, we […]

Categories
Uncategorized

Factors Driving Credit Card Debt Increase in Western U.S.

Understanding the Surge in Credit Card Balances Across the U.S. In the past year, credit card spending has seen a significant uptick, as evidenced by data from Experian. By the end of June 2023, the average credit card balance nationwide had risen to $6,365, marking an 11.7% increase from $5,699 in June 2022. This trend […]