Prepaid debit cards are currently a staple in the financial sector, especially since more than 2 billion people are without bank accounts. Low credit scores mean credit card denials or, even worse, credit cards with abysmally high interest rates. That’s where prepaid cards come to the rescue.
Consumers who find themselves squeezed tight in a money pinch can easily become victims of popular loan scams. This article will explore some of the most common of these dastardly deeds.
For small businesses with bad credit history, there are multiple options that can be pursued if a bank loan is not a feasible route. Depending on the company’s financial profile and whether you are looking for small business start-up loans, quick loans, microbusiness loans, and/or business acquisition loans, one or more of these options may be the optimal choice forward…
A debt management plan (DMP) is the increasingly preferred option for resolving tough financial issues. As an alternative to bankruptcy, it is a personal finance program to suit the unique circumstances of the individual debtor, since diverse financial situations affect the ways money should be managed.
We will now focus on what exactly we can do to either maintain our good credit score or get out of a bad situation. Note that not all debt is created equally, and precedence should be given to those debts that will have a hefty effect on you and which will cost you more to haul.
Perhaps the most important variable which impacts your score is your payment history. In fact, according to many, your payment history comprises 35% of your total credit score and is considered to be the most fundamental factor when it comes to calculating your credit score.
There are some people with bad credit who speculate whether or not is it actually necessary to attempt to improve their low credit score. The answer is a definite yes! Financial responsibility is not always easy. Yet in today’s world, having the best credit score possible can help life go more smoothly in a variety of ways.
Debt consolidation involves merging any number of credit cards or other debt into a single loan. It is also called bill consolidation. The new loan is borrowed at a lower interest rate than the current debt. Consolidating debt is a finance strategy that saves money on interest and is more convenient for borrowers to pay one, rather than several, bills a month.
How to Repair Bad Credit If you’ve received more credit rejection letters than you care to think about, don’t despair. Tons of information on how to repair bad credit is at your fingertips. You can start now by using the tools that millions of other people utilize and turn your credit rating around too. All…
There used to be a time when bad credit loans were unavailable to people who had problems with their credit. This is no longer the case. Get all the info you need on bad credit loans right here at Smarter Loans.