Using long-term loans like personal loans or other credit can help fix your credit score through three of your biggest credit score factors When you think of long-term loans, you’re usually planning a big purchase like a house or a car but you might not know that you can also use smaller loans to help improve your credit score. Borrowing as little as $1,000 can help pay off high interest debt and … [Read more...]
How Unsecured Loans Can Ruin Your Credit Score
Use unsecured loans right and you’ll boost your score, miss a payment and you’ll destroy it Think unsecured loans can’t affect your credit score or that they’re different than other loans? Think again. I’ve seen way too many people destroy their credit with unsecured loans because of common misconceptions. It’s not that unsecured loans are bad. They can actually be a good source of quick cash … [Read more...]
How to Get Cash Loans Online and Why You Shouldn’t
It’s almost too easy to get cash loans online but avoiding the debt trap is harder than you thing It’s likely you know the story. Your car breaks down at the worst possible time. You just got done paying the bills and have zero money left in checking. No car means no job which means no money so you don’t have a choice, you need cash now. You do a quick Google search for cash loans online and are … [Read more...]
How Much do Bad Credit Loans Really Cost?
The real cost of bad credit loans comes from years of interest payments but there is a way out We saw last week how rates on payday loans can approach 500% and the real cost of cash advances. Today I thought we would look at how much bad credit loans actually cost when you factor in all the interest payments. While rates on bad credit loans don’t even come close to those from payday lenders, … [Read more...]
How Much Does that Cash Advance Really Cost?
Understand the real cost of cash advance and payday loans to find better options I posted a review of some of the best payday loan sites for bad credit a few weeks ago with the disclaimer that these quick loans are rarely the best option. I wanted to go back to the idea because I don’t think a lot of people understand the true cost of a cash advance. The loan fee charged on payday loans may seem … [Read more...]