It’s nice to be able to think that you’d get a car loan easily if you needed one, but in the current economy, it’s not always as easy as people think. First of all, if you have a bad credit score, it is very difficult to get any type of […]
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The Most Common Ways the FDCPA is Violated
In a perfect world everybody would play by the rules. There would be no room in this perfect world for liars, bullies, and people who resort to threats. Unfortunately for a number of people employed by debt collectors, this means there would be no place for them either. In no […]
Know Your Consumer Rights
For all practical purposes, the most protection that the public consumer had before the 1960s was the old adage Caveat Emptor (buyer beware.) Although fraud and corruption has not diminished any, there have been several legal tools implemented that do offer the public and consumers leverage in a form of […]
Building Financial Foundations – The Importance of Bookkeeping for Construction Companies
Construction businesses require a different approach to financial management than other companies. Due to the high-value contracts and long-term nature of many projects, accurate accounting is essential for these firms. For example, construction companies must track contract retainers, billing and invoicing cycles, and completion percentages based on their specific contracts. […]
The Benefits of Using ResidentScore for Tenant Selection
As a landlord or property manager, one of your top priorities is selecting reliable and trustworthy tenants who will uphold their rental obligations and maintain a positive living environment. The tenant selection process plays a crucial role in ensuring that you make informed decisions and minimize potential risks. In this […]
How Investors Could Leverage Integrated Asset Management for Maximum Efficiency
An integrated asset management system can make your assets work harder for you. It can also help you save money and prevent downtime by streamlining processes. Effective dialogue is crucial, but true influence requires building technology wealth, which enables you to take strategic distance from traditional competitors and equip yourself […]
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 […]
Owe Taxes to the IRS? What to do When You Can’t Pay
Sometimes, an individual may owe a significant amount and value of taxes to the IRS (Internal Revenue Service). It may be due to various reasons that they cannot pay it back in the stipulated time. The taxpayer would inevitably become exceedingly concerned and disoriented in such a situation. They may […]
Title Loan vs Payday Loan: Which is Better for You?
In recent years there has been an increase in the popularity of short-term alternative loans, such as payday and car title loans. This is mainly due to the current economic climate, where people find themselves without permanent or regular employment, with a bad credit history or perhaps facing a financial […]
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 […]
What Happens When a Mortgage Goes to Underwriting?
Underwriting is the structured process by which financial institutions like banks and lenders determine and price the risk posed by potential borrowers in repaying a mortgage loan. Essentially, it is a systematic and detailed analysis of a borrower’s creditworthiness. The mortgage underwriting process consists of many stages from information gathering […]