Credit Union companies, which offer loans for car and boat purchases often, repossess vehicles if the owner fails to pay the loan amount. Then, to sell of those cars pretty quickly, they often opt for auctions or car listings and sales. This is where people, who are looking for huge […]
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Why Having Bad Credit Is Worse Than Having No Credit
It’s possible to not have a credit score if you’ve avoided traditional monetary habits, like opening a credit card or paying utility bills during your adult life. While having no credit score won’t help you, it won’t hurt you as much as having a bad credit score. Neither situation is […]
How Your Credit Score Impacts Your Financial Future
According to FICO, the average credit score in America for 2021 is 716. In general, this is a good credit score, but it’s only the average score, and about 11.1 percent of American consumers have poor credit scores, i.e., scores less than 550. Are you one of them? Credit scores […]
4 Things About Credit Scores That Make Zero Sense
If you’re an adult in the U.S., there’s a good chance you use a credit card (or in some cases, multiple credit cards) for the majority of your purchases. As a credit card holder, you’re assigned a unique number—a credit score—that credit card companies and lenders use to determine how […]
Pros and Cons of Using Credit Card During the Pandemic
The unexpected arrival of Covid-19 has had a significant impact on the Indian economy. It has led to job-cuts, high pay cuts, and disruption in businesses processes. The effect of pandemic also extended to the personal financial health of families and individuals. For people who faced a severe economic crisis […]
5 Steps to Improve Your Credit Score
Your financial health begins and ends with your credit score. It describes your creditworthiness and tells lenders how responsibly you handle your debts. A good credit score makes lenders such as Maxlend loans trust you with new loans, and the reverse is also true. Again, a high credit score opens new lines […]
5 Ways Teenagers Can Begin to Build Credit 700
Teens aren’t usually employed until later in their years and they can’t build credit like employed adults can. However, there are ways that can teach your teen how to build your credit score fast. Get a Prepaid Credit Card Getting a prepaid credit card is a great way to start […]
The Best Loan Options for People with Bad Credit
Finding a loan that matches your requirements when you need money fast can be both a stressful and arduous experience. The stress and difficulty of researching different loan options is only amplified when you have bad credit and need money quickly. There are a variety of reasons why you might […]
Methods to Get Money when Banks Don’t Help Due to Bad Credit
Often, stuff happens and we find ourselves in compromising situations. Bad credit is one of those situations. If this is you, however, don’t despair. Where there is a will, there is a way. In the following few words, I’m going to show you the way, actually, more than one way […]
Mental Health and Credit Repair
Mental Health has a detrimental impact on people living with debt in their lives. We all know the financial problems that exist when in debt but not many people discuss the darker side that impacts so many of us. How Does Credit Card Debt Affect Mental Health? According to an […]
What is a good credit score and why should you care?
What kind of lending risk are you? If you are looking to borrow money it is important to know. Your credit score is what potential lenders will use to determine whether or not they are willing to lend you money, how much they are willing to lend and at what […]
How To Fix a Poor Credit Score after Bankruptcy Hits You
Filing bankruptcy is an indication that you have two things to worry about - 1) How would you recover your financial status? and 2) How would you rebuild your credit score? Every problem has a solution and speaking of your worries, well how about you begin with healing first. Healing […]