If you’re interested in getting a loan to make a big purchase, your credit score will determine your interest rate – and how much you’ll pay over the length of the loan. A poor credit score usually indicates more than one significant mistake in your financial history, so it’s important to understand what you’re doingRead more
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Auto insurance might be required by law, but you aren’t required to pay outrageous amounts for the coverage you need. In fact, auto insurance companies offer a host of discounts designed to acquire and retain customers, yet many people don’t know to ask about them. If you’re interested in saving money on your auto insuranceRead more
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 markRead more
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 impressionRead more
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 borrowRead more
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 rateRead more
If you’re swimming in a sea of credit card debt, you may feel desperate to get out of it by any means necessary. You’re going to get tons of ideas on how to escape. But, not all of them are going to be the best idea. One common way people try to get out ofRead more
Some expenses cost more for people with bad credit. The sad news is, most don’t even realize it. Having bad credit can negatively impact: • The cost of your utility deposits • Your options for cellphone service • The price of your car insurance • Your ability to rent an apartment The reason why theseRead more
Do you ever wonder what people with good credit do that’s so different from everyone else? Important financial habits that contribute to a good credit score, includes paying your bills on time, and spending money responsibly. It’s also a part of building and maintaining your credit score. Here are a few habits of people withRead more
If you’re looking to get a credit card, but are being told you need a co-signer, there are other options. One of the best being, you can become an authorized user on someone else’s existing account. You will have all the same benefits as having your own card, but the primary person on the accountRead more
