It can be tough to know exactly how to tackle your debt. It takes humility to admit you’re having money problems — and go one step farther, actively seeking out the best solution for your situation. Unfortunately, scammers may try to take advantage of you by posing as an organization that can help one way or another. These dishonest enterprises act like they’re throwing a flotation device … [Read more...]
How Does a Personal Loan Affect Your Credit Score?
Getting a personal loan can either hurt or help your credit score, or both. Getting a personal loan will affect your credit score but it’s not always in the way you think. In fact, the way a personal loan either helps to increase or hurt your credit score depends on where you’re at in the process. Sound confusing? It is but understanding exactly how a peer-to-peer loan or another type of … [Read more...]
How to Get a Loan for a Car with Bad Credit
You can get a car loan with bad credit but you need to know how the system works The car makers are in trouble. Sales for new and used cars have fallen for consecutive years and prices are coming down. That’s good news for car buyers but it doesn’t make it any easier to get a car loan. Worse still is that lending requirements for auto loans haven’t gotten any easier. Dealers and … [Read more...]
What Can You Do With a 650 Credit Score?
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...]
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...]