A typical loan processing starts with a loan application. A debtor fills out relevant information, from personal data to financial figures. The application is processed and a credit investigation takes place. After this, the creditor decides, based on available data, whether to approve a new loan or not. But after waiting for a couple of days, it would be disappointing to … [Read more...]

Although it’s possible to survive with a bad credit score, it’s not easy.  There are all sorts of ways that a negative score can impact your life. Whether you’re trying to rent an apartment, or even get a cell phone contract, your score will determine the price you pay. In order to feel financial freedom and confidence, it’s important to get your credit in check.  More … [Read more...]

Bad credit does not have to spell the end of your financial dreams. All across America, millions of people are struggling to get back on track after being affected by a bad credit score.  Over 30 percent of Americans have credit scores below 601- the distinguishing point for bad credit. Having a poor credit score can affect so many parts of your life. Yet approximately 11 … [Read more...]

Many of us have issues with money at one time or another. When you’re young and careless, you can find yourself taking out loans and cards without any real understanding of the problems that falling behind on them can cause. Even if you’re financially savvy, losing your job, getting ill or other circumstances beyond your control can set off a chain reaction- leading to … [Read more...]

Your credit score is one of the most important numbers when it comes to your financial health. This score can be anywhere from 300 to 850, and the higher it is, the better off you'll be whenever you need to borrow money. Since there are a variety of factors that affect your credit score, it's good to check your score periodically to see where it's at. This is especially … [Read more...]

Building, managing, and using credit can seem like strange, unfamiliar new part of life to young people who are just beginning on a walk down the path of adulthood. Properly understanding and responsibly utilizing credit is an essential part of financial life, but it can be a daunting task when first starting out. With all the new responsibilities of moving out on your … [Read more...]

You’ll hear all about it anytime you go looking for financial advice. It seems like credit is behind just about everything. There’s a lot of misinformation and confusion in the air for beginners. So we want to clear things up. In this article, we’re going to be talking about the real effects that your credit score has on your life. On your finances and outside them, as … [Read more...]

Has bad credit been a big part of your past?  When you think about it your credit allows you to do all sorts of things from get loans for a house, a car, credit cards,  apply for student loans and whole lot more. Without good credit almost all of these options are not possible.  I say almost because in the small chance that you do qualify you would likely be paying huge … [Read more...]