A lot of people carry around more credit cards than they need or use. One might think that canceling or closing the old and unused credit cards would be the most financially responsible thing you can do. Well, not necessarily.…
Category: Debt
Creating a Plan to Pay Off Your Debt
Make 2018 the year you get serious about your debt. The longer you put off this problem, the more it will grow. Don’t let compound interest overwhelm you. Follow these simple steps to make a plan and pay off your…
How Do Credit Bureaus Differ?
Do you know your credit score? More importantly, do you know where your credit score comes from and why it’s so important to your financial health to understand your credit score. So, how do credit bureaus differ? Credit scores are…
Should We Really Worry about Debt or Is It Just a Bunch of Numbers?
A startling statistic made its rounds in November 2017: US household debt has steadily increased to $13 trillion. It appears that everything is on the up and up in the US economy, including household debt. Statistics indicate that mortgage-related debt…
Alternative Ways to Tackle Debt
Nobody wants to be in debt, but if you find yourself in a bind you will need a solution to your financial problems bad credit loans are readily available to folks nowadays. Yet, many people still believe that if you…
Key Tips for Getting the Best Refinance Deal for Your Home
While most people don’t enjoy having to spend the time and effort that’s required to get a home loan, it is important to remember you don’t have to stick with the same mortgage forever. In fact, while you may groan…
Getting a Title Loan With Less Than Perfect Credit
If your credit is less than perfect, it can be challenging for you to qualify for a loan. Although bankruptcies, late payments, and repossessions are a fact of life for millions of people, many lenders use these unfortunate circumstances to…
How Your Debt Affects Your Credit Score
One of the most influential factors of your credit score is your debt. In fact, debt makes up 30% of your credit score. Carrying too much debt can lower your credit score. However, not having enough debt can also cause…
Debt Reduction Perils and Pitfalls
Follow the Path to Lower Credit Card Debt is a fun infographic highlighting some of the most common “perils and pitfalls” faced by those trying to get out of credit card debt. It also offers a “survival kit” of helpful…
Fastest Way to Pay down Debt
I’ll assume you’re reading this post because you’d like to become debt-free as fast as possible. Who wouldn’t? This post will tell you exactly how to do just that. But keep in mind, getting rid of debt quickly is not…
The Mango Visa Prepaid Debit Card… Which Offers 6% Interest!
Yes, the Mango Prepaid Debit Card gives 6% interest for funds held in the complimentary savings account (at First Bank & Trust). This high interest rate pales in comparison to traditional savings accounts. 6% is completely outrageous for 2015! It’s definitely…
10 Types of Unsecured Loans to Choose From
Unsecured loans are loans that aren’t attached to collateral. A lot of people like unsecured loans because they don’t have to worry about losing everything if they’re unable to pay. However, if you’re thinking of taking out an unsecured loan,…
SBA 7(a) Loan Program May Cease at End of Month
The Small Business Administration (SBA) 7(a) loan program is commonly considered to be the cheapest way a US business can get financing. Â This month, loan interest rates are hovering between 5.5% and 8%. Other perks include underwriting into the millions…
Tips and Tricks for Keeping Track of Your Finances During Bankruptcy
First, let’s get something out of the way: declaring bankruptcy does not make you a failure or a deadbeat. It is one of the many negative and pervasive myths about bankruptcy that people who file for it are either dumb…
Forget Credit Scores: Now Almost Anyone Can Finance a Car
It’s a headline that could all too easily be referring to mortgages of the pre-2007 era, except for the mention of car finance. Back then, banks would happily approve mortgages at a rate of seven-times income with minimal affordability checks…
Did Credit Karma Just Fundamentally Change the Free Credit Score Industry?
Credit Karma recently announced it was now offering all its customers two free credit reports, an expansion from the one it had previously been offering. Most of those following Credit Karma and the free credit score and report industry looked…
How to Create a Better 52 Week Money Saving Challenge
There are a lot of people who consider taking the 52 week money saving challenge as part of their desire to better their finances. It’s a great way to encourage yourself to save money, and it’s a worthwhile endeavor. There…
Are Credit Karma, Credit Sesame and Quizzle Free Credit Scores Really Free?
For those searching for their credit score, there are a number of ways to obtain it. There are many companies such as Credit Karma, Credit Sesame and Quizzle which advertise they’ll give you your credit score for free. The question…
Credit Karma Makes Credit Report Errors Easier to Fix
For those who are concerned about their credit scores, one of the key elements to look at is your credit report to make sure that it’s accurate. For the estimated 42 million people who have an error on their credit…
The 3% Home Loan Down Payment is Back
Saving for a down payment on a home loan can take years, especially when most lenders want a minimum of ten percent down. Â That’s still a lot less than the 20% which used to be normal. This makes the dream…