Having a derogatory mark on your credit report can lock you out of the system but there is a solution If you’ve ever been denied for a loan, there’s a good chance you got a letter saying it was because of derogatory marks on your credit report. That’s what started happening to me in 2009 after ruining my credit. It came as a shock. I had never had trouble getting a loan before but here I was … [Read more...]
16 Worst Debt Mistakes to Ruin Your Financial Life
Getting in debt isn’t the end of the world but these worst debt mistakes could ruin your financial future Everyone gets into a little debt sometime in their life. The average American household owes $16,000 in credit card debt and over $132,500 when you include mortgage loans. Debt is a financial tool. Like using a hammer, it can be used to build something you couldn’t otherwise. Use it … [Read more...]