There are credit cards available for 16-year-olds, but requirements for approval vary. All credit card applications submitted by applicants under the age of 21 must have a co-signer, according to the Credit Card Act of 2009.
The DFCU Financial teen and student Visa credit card is geared at 16- to 18-year-olds in an effort to help them build credit responsibly. While there are not many companies that offer credit cards for use by 16-year-olds specifically, there are multiple options available for students and young adults. The credit score of the person co-signing for a credit card for use by a 16-year-old impacts whether the application is ultimately approved.Learn More
HARP 2.0 is the second iteration of the Home Affordable Refinance Program, a program of the federal government to help homeowners refinance their existing mortgages. Many homeowners can take advantage of this program, even if they owe more than their home is currently worth.Full Answer >
A DE underwriter is a mortgage underwriter who has a direct endorsement certification from the Department of Housing and Urban Development. A DE underwriter can both underwrite and approve loans insured by the Federal Housing Administration.Full Answer >
A billing address is the address connected to a specific credit or debit card. Companies use it to verify authorized use of such a card. It is also where companies send paper bills and bank statements.Full Answer >
Examples of financial intermediaries include credit unions, financial advisers, insurance companies and mutual funds. A financial intermediary is a financial institution that helps a business or individual save or borrow money.Full Answer >