Hey, Your LetmePayday Newsletter For 13 September 2022

This is your Newsletter. [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [6 Signs You Can’t Afford Your Mortgage]( [6 Signs You Can’t Afford Your Mortgage]( For many people, homeownership is a huge financial achievement. Depending on where you live, even a small starter house or condo can cost you hundreds of thousands of dollars. In some cases, however, the property you purchased can change from dream-come-true to a long-term nightmare. Until you take a step back, you may not even realize what a headache your house has become. Even worse, you may not come to terms with the fact that your home is bankrupting you. Research from Consumer Affairs shows that 69% of homeowners in the U.S. feel that they are “house poor.” The term generally refers to when a person is spending too much on their home, leaving little income to pay other bills. If you think you might be in over your head, consider these six signs you can’t afford your mortgage — and start taking steps to remedy the situation. Your Income Is Tied Up in Your House One of the first indications that you may not be able to afford your mortgage is if a large portion of your income is dedicated to your home. According to Chase, you should spend no more than 28% of your monthly gross income on your mortgage payment. It is important to note that your mortgage payment generally includes “principal, interest, taxes, and insurance.” [[icon] Read MoreÂ](  [Online Personal Loans up to $50,000](  [5 Factors That Affect Your Credit Score]( [5 Factors That Affect Your Credit Score]( Your credit score is a powerful number that can affect your life now and in the future—in​ some ways that you might not even imagine. Your score determines the interest rates you pay for credit cards and ​loans and helps lenders decide whether you even get approved for those credit cards and loans in the first place. Unexpected businesses, such as insurance companies, have started to use credit scores to make decisions about you. Utility companies check your credit before establishing new service in your name, and some employers check your credit history (but not your actual credit score) to decide whether to give you a job, a raise, or a promotion. Protecting and building your credit is more important than ever, and how you handle the following five factors can make all the difference in determining your credit score. 1. Your Bill Payment History Payment history determines 35% of your credit score. In fact, how timely you pay your bills affects your credit score more than any other factor. Serious payment issues, like charge-offs, collections, bankruptcy, repossession, tax liens, or foreclosure can devastate your credit score, making it almost impossible to get approved for anything that requires good credit. [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](