Step One: Plan for the Unexpected Big Time Bill The first step arises from debt from a one-time large expense – something that is too large to be paid for with your monthly paycheck, or by saving for a few months. Many of these debts are investments in either an asset that will appreciate over time, or a income stream…
Tag: Bills
Top Financial Mistakes Made By College Students
1. Blowing your school loan money! Instead of using your financial aid for books, tuition, room & board, many students will choose to finance their extravagant lifestyle of partying, clothes, gadgets, and eating out. These school loans you’ve worked so hard to get should be paying for your education, not you social life…so use the money wisely. You’ll be paying…
Debt Consolidation Types Of Help Available For Unsecured Debt Consolidation
There are several types of help available for unsecured debt consolidation. You can choose to take out a debt consolidation loan to lower your rates and payments. You may also choose to use a debt consolidation programs, letting a third party deal with your creditors. And finally, you can turn to a credit counselor to help you find the best…
Credit Bureau Basics
Credibility counts. And no one knows it better then the credit bureaus. These are the places where you can get a rating to certify your creditworthiness. And of course they charge you for it. The approach is simple enough. They keep an eye on the credit transaction that a person enters into and then its repayment. The banks and credit…
Debt Consolidation And Refinance Mortgages
Mortgages are secured loans that are given to first time buyers, homeowners and people who have bad credit. Once you are accepted for the loan, you must repay the debt, which will include interest rates. Some refinancing loans have additional fees attached. The secured loans have collateral attached, means that if you fail to make payments, you are subject to…
Shelling Out More Money After Your Refinance Mortgage Loan
There are two nightmares plaguing our society today. The first is buying a gem of a car, and the second is getting stuck with an expensive refinance mortgage loans. Which is yours? Jumping Into Quicksand It is unwise to hurry a loan with insufficient information. Before you can extricate yourself from the mess, you have already sunk neck-deep into the…
The Best Ways To Boost Your Credit Score
Because of the way credit scores are calculated, some actions you take will affect your credit score better than others. In general, paying your bills on time and meeting your financial responsibilities will boost your score the most. Owing a reasonable amount of money and being able to repay it will show lenders that you take your finances seriously and…
Why You Need An Emergency Fund
Many Americans today don’t have a savings account or emergency fund. I heard on the news recently that the Commerce Department reported that Americans spend all the money they have and personal savings rates have reached the lowest level since the Great Depression. Your emergency fund is your safety net: in case you get sick or lose your job you…
How To Increase My Credit Points
In today’s fast paced world with ever increasing technology, and the constant flow of new luxuries, commodities and household appliances, it is difficult to find money to spend on all the many things we want and need. Many turn to buying on credit, enjoying products today and paying for them sometime in the future. Having good credit points is vital…
Credit Score Repair The Higher Your Score The Better For Your Credit
Credit score repair means that you want to take steps to improve the credit score you have on your credit report. A good credit score means that creditors see you as a good risk to repay the money you borrow. The higher your score, the more loans and lower interest rates you are likely to qualify for. If you have…