It isn’t always easy to spot misinformation because of the volume of money myths going around. Therefore, there’s no greater time than the present to debunk myths that have impacted how people use credit, save money, and make investments. In no particular order, here are ten of the most popular money myths!
A small personal loan can be all that is needed to solve a minor financial issue. An affordable loan can be paid as agreed, which may lead to improved credit. Whether borrowing online, in person, or from an alternative lending source, the key is to ponder the pros and cons before jumping into a commitment, a combination which leads to a good ending.
Consolidating credit card debt involves borrowing money at a lower interest rate to pay off credit card balances. This method makes managing money easier by creating a single payment each month. The added benefit is that the high interest credit cards go to a zero balance. This can boost the cardholder’s credit score if they are left open and unused.
CCB assistance is received in the form of a monthly tax-free payment to parents of minor children. Because the benefit is paid on a regular basis (monthly), it is considered qualified income which can be used in an application for a personal loan. In fact, due to popular demand, there is an abundance of loan products exclusively geared to child tax benefit recipients.
The cost of health care for medical necessities is astronomical. Even people with medical insurance feel the pinch when they make co-pays or share the cost of prescriptions., but where there’s a will there’s a way. Finding financing for elective cosmetic procedures is a snap. If financing for an optional cosmetic procedure is the only choice, borrowers must make thoughtful decisions, starting with considering how much they can really afford to spend.
Guarantor loans are exploding in popularity as the country’s only provider of the unique alternative loan type, Lending Mate, continues its national expansion.
College is a confusing period of life, and it is quite easy to get carried away. While we do not suggest having fun, practicing a little financial restraint could go a long way in your financial success as adults. Here are some simple financial tips that will keep you ahead financially.
There are several legitimate lenders who approve loans with no credit check needed. Getting approval for no credit needed loans is pretty simple. Basic requirements are that the applicant is over 18 years old with a full-time job, and has a bank account or debit card to make payments. Sounds simple enough. Yet a closer look is warranted to get the full picture.
ConsumerCapital may be relatively new in the Canadian alternative lending ecosystem, but the company is already focused on establishing long-lasting relationships with its customers.
Though we all want to be responsible with our money there’s no denying the temptation to overspend during the holidays. From parties to gift giving, the season can be as expensive as it is joyous.