A 650 credit score is not bad credit but it is below the important cutoff for prime lending The most common questions I get on the blog are about individual credit scores and none are more frequent than the 650 FICO score. FICO doesn’t release its credit score data but I would put good money on a bet that the 650 credit score is one of the most common among American borrowers. It’s where my … [Read more...]
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3 Credit Score Hacks before Getting a Loan
Try these credit score hacks to boost your credit score before getting a loan It may not seem like it most of the time but your credit score is one of the most important parts of your financial life. Whether you use credit or not, nearly everyone needs a loan at one point or another and bad credit can destroy your financial plan. Trying to boost your credit score won’t happen overnight so … [Read more...]
Starting a Business with a Personal Loan [3 Loan Rules]
Understand how to use a loan to start a business and where to find the best startup money “Only morons start a business on a loan.” That’s the advice of billionaire Mark Cuban, the rarely at a loss for words owner of the Dallas Mavericks. While Cuban makes some good points in the interview where this is quoted, he also misses a few points in favor of starting a business with a loan. The … [Read more...]
Should You Pay for Vacation with a Personal Loan?
Why using a personal loan to pay for a vacation may be a smart decision and how to get the lowest rates I can hear the financial pundits screaming now. “Pay for a vacation with a personal loan, are you crazy?!?” The idea of using any kind of debt for something as ‘unnecessary’ as a vacation is a cardinal sin among financial ‘experts’ but is there a perspective they’re not considering? If … [Read more...]
5 Tricks I Used to Fix Credit Fast and Boost My FICO
Your credit score is more important than you know. Here's five tricks to fix credit fast. Are you tired of getting turned down by banks for the money you need? Want to get the financial respect you deserve? It’s all in your credit score, that little three-digit number that determines how much money you get and how much you pay each month. Your credit score is more than just getting a … [Read more...]
