Saturday, April 20, 2024
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 […]
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 […]
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 […]
A credit score is the number that lenders use to determine the risk of loaning money to you. Most lenders in Arizona will check your credit score before deciding how much they will lend you and at what interest rate. FICO scores, the most common credit determining factor, uses five […]
One of the most important features of your credit card is the interest rate—the percentage of your existing balance that you’ll pay in interest per year (though usually compounded more frequently). This rate plays a major role in determining how quickly you can pay off your debts, and how much […]
Credit cards have become vital financing tools in the way we go about our regular transactions. Not only do they eliminate the need to carry cash all the time, they also help you maintain a good credit score, provided you use the card judiciously. Throw in the interest-free periods, attractive […]
The fallout from the 2007-08 mortgage collapse continues to rear its ugly head some five years later. Kareem Serageldin, a former executive for Credit Suisse, pleaded guilty on April 12 to fraud after admitting to artificially inflating the value of mortgage bonds in 2007, in an attempt to mask the […]
Businesses can require finance for a range of purposes at any given time. It is important for you to know the various options of financing available for you and make a prudent choice. Do you need finance to pay for the everyday expenses of your business? Are you looking to […]
If you are in business, you must have realized that your savings aren’t enough to get things running. You have also realized that banks from your bank or the credit union may not be approved easily. Therefore, you need to raise money through an alternative means; personal loans. Compared to […]
Running your own business is financially draining when you’re starting up. Then it becomes a budget balancing act when it comes time to grow the business. Between employees, equipment, inventory, rent, marketing and more, loans help small businesses manage all the moving pieces. When it comes to funding a small […]
Cash is the lifeblood of any business and to survive, your business will need cash at all times. However, sometimes getting funding for your business becomes challenging; especially during the early stages of growth for your business. As you grow, you need more raw materials among other inputs in order […]
Keeping your money in a bank account is a smart way of stabilising your personal finances, but that's not the only option you have when it comes to savings. Of course, you'll earn interest as you keep depositing money in a savings account, but it'll take many years to earn […]