Having bad credit, simply means that you are less likely to repay a loan. Credit scores range from 300-850. The higher the number the more likely that you will repay. For your credit score to be considered bad, the general idea is that anything under 650 is bad and anything above that is good. This does vary from lender to lender, so it depends on who you are using. If you have bad credit though, then you’ll probably find it trickier to get accepted by loan providers. So, the next step is … [Read more...] about How To Get a Loan When You Have Bad Credit
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4 Things You Should Know About Taking Out a Short Term Loan
Taking a short-term loan can be the boost that one needs when looking to finish a project or make a dream come true. Taking out a loan is something which needs careful consideration as it can be quite risky if one does not have adequate ways of paying it back. If you are looking to take out a loan, these are some of the things which one needs to know. Why do you need the money? This is the most important question that you need to answer first. Before approaching your bank or any other … [Read more...] about 4 Things You Should Know About Taking Out a Short Term Loan
4 Times You Should Transfer Your Credit Card Balance
Unpaid credit card debt can hang over your head and feel like a constant burden. High interest rates may also cause you to feel as though it's difficult to dig your way out of debt. One potential solution for this financial situation is a credit card balance transfer. If you're disciplined in making on-time payments, this strategy can help you pay down your debt faster. Explore the following four scenarios in which transferring your credit card balance can be a great way to improve your … [Read more...] about 4 Times You Should Transfer Your Credit Card Balance
Get Debt Free This Year
Are you still struggling to find a New Year’s resolution that you will actually keep and that will actually benefit your life? Then why not make this the year where you get out of debt? Or at the very least, you can get it under control and work out a manageable plan to get out from under the harrowing weight of debt and stress. The average household has a debt which sits upwards of £12,800 in the UK and over $137,000 in the US, which does not include mortgages and student loans. It can be a … [Read more...] about Get Debt Free This Year
Teaching Teens to be Financially Streetwise
“If I only knew then what I know now.” This statement is especially true when it comes to credit. Do you remember getting your first credit card? Did it feel like a license to spend money you didn’t have? Then before you know it, the rude awakening arrives in the mail: the credit card bill, with interest and penalties. Here’s how to ensure your teens don’t fall into the same trap. Welcome to Credit 101 Learning about how credit works can be confusing for a young person because it is a bit … [Read more...] about Teaching Teens to be Financially Streetwise