These FICO credit score myths can keep you from getting the money you need, a good job or even a roof over your head Your FICO credit score is one of the most important parts of your financial life. It can help you find your dream home, get you cheaper rates on insurance and even help you land a job. Unfortunately, there is a lot of fake news about credit scores. I’ve seen FICO credit score … [Read more...]
3 Ways Paying Late Can Ruin Your Finances
Stop paying late from ruining your life with these tips and tricks We’ve all been there. You wake in the middle of the night screaming, “Crap, I forgot to pay the credit card bill!” Whether it’s the credit card bill, the cable bill or any of the dozen or so recurring monthly debts we all have, everyone has missed a payment or two…or three. Paying late might not be a big deal once in a while … [Read more...]
How Applying for a Loan Can Ruin Your Credit Score
The difference between a hard inquiry and a soft pull on your credit report can mean a huge change in your interest rate Credit scores are like spouses…you don’t miss them until they’re gone! In all of personal finance, there may be no other topic more important and more misunderstood than your credit score. Having a great credit score can open up a world of cheap financing for a home, car or … [Read more...]
Locked out by the Bank for a Loan, Here’s What I Did
Borrowers are running out of options for quick cash but the personal loans process from direct lenders is offering a solution The Federal Reserve reports in its survey of bank loan officers that more than 8% of banks tightened consumer loan standards late last year. This is making the direct personal loans process even more important as borrowers run out of options to get the money they … [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...]