According to the Center for Responsible Lending, those who use Payday Loans typically receive eight to 13 payday loans each year. Often the loans they are receiving are loan flips where the borrower is getting money to pay a fee and is not receiving any new money. To avoid getting caught in a tough position [...]
Loans & Credit Blog
Category Archives: Credit
Credit Repair Scams to Avoid
October 12, 2009
If your credit is bad you may be looking for options to fix it. But beware of scam artists making big promises to repair your credit. They’ll take your money and leave you with little improvement.
According to the Federal Trade Commission, here are some ways to tell if a company promising to repair your credit [...]
Could Bad Credit Keep You From Getting a Job?
September 28, 2009
Millions of Americans on the job hunt could be damaging their chances for a job just by falling deeper into debt. A report from MSN Money says that bad credit could keep you from getting a job. Although there’s not a lot of data regarding the issue, the statistics that do exist show that many [...]
Who’s Lending Money These Days?
August 10, 2009
It’s hard to turn on the news, surf the Internet or flip through a newspaper without seeing a story on the credit crunch. Reports that banks are tightening their purse strings are all over the place. So how do you know who’s lending money? And how can you make sure you won’t be one of [...]
Need an Auto Loan But Have Bad Credit? Three Helpful Hints
June 1, 2009
In most cities, a car is a necessity. You need to get to work. You need to take your kids to school. You need to buy groceries. But if your credit is bad, loan providers may not see your need for a car as a necessity. If you are in need of an auto loan, [...]
Removing Bankruptcy From Your Credit Report
May 4, 2009
Filing for bankruptcy is a difficult and major decision. The repercussions can likely linger for years to come, often making securing loans and mortgages extremely difficult. But here’s the good news, removing bankruptcy from your credit report is not impossible. Here are a few steps you can take to remove bankruptcy from your credit report.
Be [...]
Getting and Keeping a Good Credit Score
March 16, 2009
If you’re just starting out in the world, you could have a low credit score. And if you’ve made some mistakes, missed a few payments or made late payments you could also have a low credit score. Here are a few tips for getting and keeping a good credit score.
Apply for a Credit Card
If you’ve [...]
How to Negotiate Better Rates with your Credit Card Company
February 23, 2009
Is your debt piling up? Are minimum payments not making much of a dent in your total bill anymore? Maybe your annual percentage rate (APR) is too high. Try negotiating a better rate! With these tips you may be on your way to a lower rate and a lower bill.
Know What You’re Working With
Make a [...]
What the Movie Confessions of a Shopaholic Can Teach You About Credit
February 16, 2009
Have you seen Confessions of a Shopaholic yet? The movie is based on the book series by Sophie Kinsella. The story follows 25-year-old Rebecca Bloomwood through her addictions to designer clothing and the crisis of her growing credit card debt. Her bills are piling up and her job at a financial magazine (a topic she [...]
Finding the Best Credit Cards When Your Credit Score is Low
January 12, 2009
Some give you cash back. Some cards give you rewards. Others even make donations to your favorite charity when you use them. But how do you find the best credit card when you have a low credit score? There are several websites out there that let you easily compare credit card companies to find out [...]
