What Is a Tax Bracket? What Is the Federal Income Tax Rate?
The IRS categorizes taxpayers into seven brackets based on income and filing status. People who fall in different tax brackets pay different percentages in taxes. Meanwhile, your tax bracket can shift if your income changes over time. Federal tax brackets matter because they can help you understand how much you owe the government and assist […]
What’s a Good Credit Score to Buy a Car?
Your credit score matters in numerous circumstances, such as when applying for a mortgage, renting an apartment, getting insurance, or requesting an auto loan. For example, if you’re looking to buy a new car, this unique-to-you number shows lenders how likely you will be able to repay an auto loan and the interest rate you’re […]
The Difference Between FICO and Credit Scores
Credit scores are unique-to-you numbers based on your credit history and financial activities over time. Your score is generated from credit report data and used by third parties to assess your creditworthiness as a borrower. FICO score is among the most widely used credit scoring models. But is FICO score and credit score the same? […]
