Category Archives: Credit
Do NOT think that you won’t be able to get a home loan without good credit. People do it all the time, all the while improving their finances and getting back on track. You may have to pay more interest, but by no means do banks turn away every prospective homebuyer with less-than-stellar numbers. Here are three tips on how to get a loan for a house with bad credit.
1. Quickly Improve Your Credit
Obviously this is not a step for people still in dire financial straits. However, if......
Using credit cards certainly is convenient. It is a very safe way to make electronic payments and it is nice not having to worry if the money is in your account before you make a purchase. While credit cards are a very convenient tool, they can also get your finances into a lot of trouble if you don’t use them carefully. If you use credit cards, unfortunately, you always will run the risk of building up a large balance that is difficult to pay off. Here are some tips to help you con......
Why Bother Improving your Credit Rating?? Basically to save money, by obtaining better finance products (stop wasting money on high cost finance, think high APR’s), and stop getting rejected when you apply for finance products, which further damages your credit rating. This is even more important in a challenging economic environment when lenders are highly risk averse with their lending, and it is thus easy to be rejected.
In the UK the three main credit bureau’s are Experian,......
People who face the possibility of repossession also face the danger of damaging their credit. If their creditors decide to report their credit situation to the consumer credit reporting agencies, they could be sure to face its negative effects on their credit score. The hundreds of points that their credit scores could be decreased would most definitely affect the kind of credit that other creditors would be willing to extend to them. A lot of creditors would not want to lend to these kin......
Knowing your credit score is important so you know when you need to fix it, and you won’t be in for a surprise when you try to borrow money from anywhere. However, it is also very important to check your credit score often to protect yourself from fraudulent activity. Your credit score is very important, and as such, should be treated with the utmost importance. That means a regular monitoring of your credit score to ensure that no one is tampering with it. If anyone is able to get y......
Sometimes it is because of medical bills, loss of income, over spending. Whatever the reason might be this does not change the fact that you have bad credit but desperately want a place to live to call your own.
Now this will be the jumping off point for you to start living the dream that most people have when they reach adulthood and get out on their own, to be a home owner. Owning your own home is one of the smartest bad credit home loans investments you will ever make, especially if yo......
Being delinquent is where your payment is not received on the due date, and is therefore considered delinquent. Being late on your payments can drop your credit score by 50 points or more because your payment history makes up 35% of your credit score. To prevent you from getting behind, try applying some of the following helpful strategies.
Delinquent payment secret one: How can I avoid being delinquent on my account?
Have your online credit card company send you an automatic reminder.
Se......
There was a time not too many years ago when Internet security was questionable, and few of us would be prepared to disclose our personal details to anyone online. Nowadays however, with encrypted connections which means that the data you send is scrambled from the time it leaves your computer to the time it arrives at the recipient address, we are able to pass information across the Internet in an extremely safe manner. Yet there are still some consumers that worry about ‘apply onli......
Many people who are swimming in debt are trying to find the best debt consolidation company but not sure who to trust. There is conflicting advice whether to seek outside help to get you financial situation under control. If you are at the point where you are considering a credit counselor, you are at the point where you can get out of this mess by yourself. Therefore you are going to need some assistance to get the debt relief you need.
If you are at the point of trying to find the best d......
Most people get through with education with the help of loans especially when looking to get further education, say like at the university level. In the long run, it could prove to be difficult to pay up the student loan offered to you. When faced with such a situation, it is common for most people to seek bankruptcy claim as a way of shielding themselves from the possible outcomes.
However, it is important to know that student loans are not dischargeable even in the cases of bankruptcy. ......
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