RP Funding

RP Funding: Creating a Credit History

August 22nd, 2017|

Picture two average, everyday millennials — the early thirties, decent income, both ready to become first-time homeowners. Now, imagine these individuals are in line at the local bank to inquire about a low-interest mortgage. One has always been a firm believer in the “always pay in cash” model of debt-free living, with only one emergency […]

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RP Funding: Mortgage Rates – Make Sure Yours Is as Good as It Gets

August 22nd, 2017|

All mortgages are not created equal. In fact, with countless options, rates, and terms to choose from, there’s a lot to consider in finding the right one for you. A great place to start is by taking a look at mortgage interest rates, understanding what they are, how they are offered, and how that number […]

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How Canceling a Credit Card Impacts Your Credit Score: RP Funding Explains

September 14th, 2016|

What Happens To Your Credit When You Cancel a Credit Card?
You sit there and just stare. There is nothing else to do. You don’t want to act out irrationally, but there is no other choice. Flashbacks of your relationship rush through your mind arousing a mixture of feelings. It was so good in the beginning. […]

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RP Funding: Credit Offers and How to Tell the Good from the Bad

August 26th, 2016|

So many consumers get caught in the tricks of big credit card companies. Short term deals seem like a great opportunity. Few know that there are large fees, hidden charges, and increased interest rates lurking around the corner. They are just waiting to pounce like a lion on a gazelle.
Rule #1 isn’t first on the […]

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RP Funding Credit 101: How to Use Credit Cards to Your Advantage

June 12th, 2016|

Pop quiz! (I always hated those in school) But here we go.

Question 1: You are standing in line at a department store waiting to make a purchase. You pull out your wallet and look at your three options of payment. You have cash, a debit card, and a credit card. Which form of payment should you choose?

I […]

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Credit Card Debt: RP Funding on Using Balance Transfers to Pay Down Debt

January 22nd, 2016|

Will a Balance Transfer Solve Your Credit Card Debt?
What is a Balance Transfer?
A balance transfer is when you move an existing credit card or loan balance to a different credit card account to pay it off. If you have a high balance on one or several credit cards, you can transfer a certain amount up […]

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Understanding Credit with RP Funding: Does a Zero Credit Card Balance Help or Hurt Your Score?

October 30th, 2015|

Well Robert, I know you tell us to pay off our credit cards every month, but do we pay them down to zero or do we leave a few dollars on there to show activity.

I like the idea of leaving a dollar or two on there. I don’t know though. I have kind of anecdotal […]

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RP Funding Credit Corner: New Credit Cards Targeted by Fraud Scammers

October 27th, 2015|

Consumers and business owners have recently been issued new, chip-enabled cards from their credit card company. Chances are, you recognized the metallic chip on the card, which might raise some questions. 
What is it?
This small magnetic chip is known as EMV, which stands for Europay, Mastercard and Visa. These three companies created the new standard with […]

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RP Funding Credit Corner: How Paying Your Credit Card Bill on Time Saves You Money

September 21st, 2015|

Although many people believe that in order to build credit, you need to carry over a balance from month to month on your credit cards, that’s not the case. In fact, doing so can actually cause great harm to your credit score. Additionally, carrying over a balance each month means more charges in interest and […]

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Where Do You Rank: RP Funding’s Credit Score Guide

September 18th, 2015|

Are you a credit risk? The way that lenders determine this is your credit score. A good credit score indicates that you are financially trustworthy. Through your credit history, credit rating agencies assign you a number that is your credit score. There are many components of your credit history that will impact how they arrive […]

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