Learn how to refinance a personal loan to lower your payment or reduce your loan payoff by months…or both The average personal loan size is just over $7,500 and at a rate of 24% a year. That means payments of $294 on a 36-month loan and paying nearly $3,100 in interest. Personal loans helped me claw myself back from financial ruin a decade ago but making those payments can be a tough situation … [Read more...]
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Why You Must Consolidate Debt this Year
Consolidation loans and all other loans are about to get more expensive and you might not be able to qualify When I destroyed my credit and fell deep into debt in 2008, I thought the only way out would be bankruptcy. I owed tens of thousands on credit cards and home mortgages from rental properties. Part of the problem, besides those high rates that made the debt impossible to pay off, was … [Read more...]
Congrats on that 680 Credit Score [Here’s How to Use It]
Reaching a 680 credit score means prime lending and low rates on loans Reach a 680 credit score and the financial system will open to your needs, but you still might not be able to get the best rates available on loans. You’re in the sought-after prime lending category where traditional banks will start taking a second look at your application even if they still want you to jump through a few … [Read more...]
Is a 630 Credit Score Bad Credit? [and how to fix it]
Having a 630 credit score puts you on the edge of unlocking all the benefits of good credit Credit scores are a mystery to most people, but they affect your life in more ways than you might imagine. Having a bad credit score can keep you from more than just getting the money you need. But what is a bad credit score? Is a 630 credit score considered bad credit? The credit reporting bureaus … [Read more...]
6 Cheap Options for Car Repair Loans
Finding the best car repair loans and options means knowing what questions to ask first Car repairs are the #1 reason people report getting forced into debt and eventually bankruptcy. More than any other reason from overspending to gambling, emergency expenses on your car could be the most dangerous thing you face financially. That doesn't mean the occasional car repair needs to push you … [Read more...]
