A low credit score can hold you back from accomplishing your goals. Luckily, you may be able to raise you score by 100 points or more by following these seven tips. The best part is these changes can make a positive impact on your score quickly. Read on to learn more. Image via Unsplash/J. Kelly...
When you need cash fast, an easily available option is the short-term, high-interest loan. Also known as a payday loan, this option also offers a solution to consumers regardless of credit. However, these loans often come with dangerous terms like sky-high interest rates. You should use caution before accepting loans with these types of terms....
There are many financial dangers when it comes to using credit cards – and specifically acquiring credit card debt – but it can actually be good to have a credit card. When you’re smart about how you use this financial tool, it can be advantageous to your life and finances. Check out four smart ways...
Missing loan payments can affect your credit in many ways. Here is the process of how late payments work: Late payments are reported on day 30, 60, 90, 120, 150, and 180, which are negative marks on your credit score. At this point, the account is charged off. A charge-off is another new negative mark...
If you receive pre-approved credit card offers in the mail, you may be wondering where they come from. Keep in mind that receiving a preapproved credit card offer does not impact your credit score. So you’re safe there. But, accepting the offer will negatively affect your credit. So why you may be under the impression...
Peer to peer lending is an online platform that allows you to borrow directly from an individual instead of from an institution. Peer to peer lending is growing in popularity because it’s a simple process that’s a win-win for borrowers who pay low interest rates and investors who earn high interest rates. You can borrow...
Do you want to pay down your debt fast without going broke? Here are two strategies to try: •Debt avalanche: Here’s how the debt avalanche strategy work: You pick the debt with the highest interest rate and pay that one off first. From there, you work your way down to the next highest interest rate...
Credit unions are similar to banks but are owned by their members. That’s why when applying for a loan they make a great option because they are nonprofit organizations that pass along earnings to members in the form of lower fees and higher customer service. If you need to find a credit union go to...
If you’re getting a bunch of pre-approved offers in your inbox, you may be wondering why. These companies simply ran some basic info about you and have guessed that you are likely able to pay it back. This doesn’t mean you automatically get the loan; you’ll have to take extra steps for that. But, it...
A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re willing to shop around. Benefits include: •One monthly payment •A set interest rate •You don’t need a perfect credit score During this process, it’s best...
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