Credit Management: Is Your Spouse’s Credit Score Different?
In the case in which you and your spouse have joint financial accounts, you might anticipate that your credit scores are the same. Still, this isn’t the case. In most situations, your spouse’s credit score will be distinct from yours. And this isn’t an error of any kind; that’s how it’s supposed to be. Although you and your spouse are tied in holy matrimony, your credit files remain separate. Your credit history is connected to your personal information. Now, let’s have a look at some aspects regarding this topic. Payment History Is a Significant Consideration Payment history is a quintessential […]
How Can Bad Credit Loans Save You?
A bad credit always seems to have the knack of putting a dent in our financial well-being – and once it goes South, it’s not very easy to fix. If this situation seems to be familiar to you, then you might be due for some bad credit loans. How Bad Credit Loans Work Now you may be thinking, “Why should I take out another loan when my credit is already as bad as it is?” Well, let’s say that you borrow money from a friend; you don’t pay them back, and the others hear about it – and they no […]
Secured and Unsecured Loans – Which One Is Best?
Lending options are divided into secured and unsecured loans. A lender analyses a consumer’s credit history before offering a loan. This is, presumably, the main aspect that will convince a lender to offer you an unsecured loan. So, which one of these two categories is best for you? What are the characteristics that distinguish them? Explaining Secured Loans Secured loans include an asset as security, such as a house in the case of a mortgage loan, or a vehicle in the event of an auto loan. This asset constitutes the collateral for the loan. When you choose such a loan, […]
How to Secure a Mortgage with Bad Credit?
Bad credit mortgage is a type of home loan that you can get even if your credit rating is not the greatest. Of course, this kind of loan comes with some restrictions and limitations. This is to ensure the lenders or the financial institution that they are not risking with someone who has troubles paying the money back. Here are some things you can do to secure a mortgage with bad credit: Analyse Your Credit File Over two million Australians are at risk of having bad credit, and they don’t even know about it. So, if you want to apply […]
How to Manage Rising Interest Rates?
Interest rates can be seen as something unimportant compared to debts or taxes, so why would rising interest rates interest anyone? The thing is that interest rates cannot be avoided and, at some point, they can affect you and your credit score. This is applicable when we’re talking about rising interest rates, in particular. However, you should know that this problem can be solved and we’re going to present you the ways to do this. Tips on Managing Rising Interest Rates Do some research: Usually, when it comes to such situations, the worst thing you can do is not getting […]
How to Get a Home Loan with Bad Credit?
In the past, if you had a black mark on your credit, it would have been impossible to get a home loan. All that was left for you to do is to wait for a couple of years until things would get back on the right track. Fortunately, things have changed in the meantime, since there are many bad credit home loans to choose from. Nonetheless, even if it is possible to get a home loan with bad credit, you should still do what it takes to obtain the best possible offer for your situation. We consider the following tips […]
How to Act in Financial Emergency? Personal Loan or Credit Card?
Personal loans vs. credit cards: which one should win? Of course, in extreme circumstances, this choice is not an easy one. It is very stressful to deal with these choices alone – so imagine if you threw an emergency in the mix. You have so many things to do: pay your debts, fix your car, fix your health or fix the air conditioner that seems to be blowing more heat than cool air. And what do all these things have in common? It’s simple: they are very expensive. What Do We Do? Ideally, we should all have an emergency fund […]