Because of the way credit scores are calculated, some actions you take will affect your credit score better than others. In general, paying your bills on time and meeting your financial responsibilities will boost your score the most. Owing a reasonable amount of money and being able to repay it will show lenders that you take your finances seriously and pose little threat of lost money. There are a few tips that, more than any other, will boost your credit score the most:…
Stop Creditors In Their Tracks With Bankruptcy
Nobody likes to get phone calls from collection agencies. Despite laws intended to protect consumers from harassment, most collection agencies make you very uncomfortable when theyre trying to get the money from you and will call you several times a day. If you have gotten to this point with your financial situation, its no wonder youre considering filing bankruptcy for some relief!
Stop Dodging Your Creditors And Seek Their Help
Even on graduation, I was literally reeling under the huge loan that I had taken. I knew that with my college degree, I would be able to get stable employment as well as a hefty salary. Then my first credit card arrived on the scene. I did not even bother to check how much it would cost.
Secured vs Unsecured Debt
There are two primary types of debt: secured and unsecured. The easiest way to understand whether or not you have secured or unsecured debt is to determine whether or not a creditor can take away an object or your property in the event that you suddenly become unable to make payments on the account.
Should You Get A Mortgage Now?
Its never a good sign when your home loan company files for bankruptcy. Sadly, thats just whats happening to many sub-prime mortgage lenders these days. Mortgage rates are low right now (about 5.5% – 6% for a 15-year fixed interest loan at the time of this writing), but the lenders who managed to stay afloat are tightening their lending guidelines. Should you get a mortgage while the housing market is so volatile?
Should You Use Credit Counseling Services?
There are numerous credit counseling service providers available to consumers, and thanks to the increasing number of people who are struggling to get out from underneath a mountain of debt, there are new credit counseling organizations created regularly.
Should You Use Credit Monitoring Services?
Credit monitoring services alert individuals to changes to their credit report instantly- either via email, text message on cell phones or by phone calls. Many people use credit monitoring services to help them keep an eye on their credit histories and to increase their ability to recognize a fraudulent activity.
Rapid Rescoring Services
It may sound like a scam, but there are legitimate companies who can actually help you remove errors from your credit report or fix omissions within 72 hours. If youve tried to correct the situation on your own, you know it can take weeks, even months before it is actually straightened out- and if youre in the middle of trying to buy a new home or a vehicle, the 72 hours can really help you get the loan as well as the lowest possible interest rates!
Preventing Student Loan Default
There are several ways that you can make to prevent the onset of student loan default. It is just somehow necessary for you to place your interest and efforts on preventing it. Here are the possible ways that you can consider:
Purposeful Investing
It would be hard to develop a strategy to pay off your debt if you had no idea how much debt you had. Its just as difficult to develop an appropriate investing strategy if you dont have a reason for investing. Without a purpose, its impossible to make decisions about the type of investments you should invest in, and without a goal- how do you measure your level of success?
Paying Of Your Debt With The Pyramid
You probably didnt get into debt overnight, and short of winning the lottery or receiving a large inheritance, chances are you arent going to get out of debt overnight, either! With discipline and consistency, over time you can pay off your debt and be on the road to an improved and more manageable financial situation.
Money Budgeting – The Key To Financial Success
Money Budgeting is a phrase that either bores them too much, or makes them depressed. But, this is how successful people deal with money – they budget. It’s a lesson that must be learned to succeed financially in this life. Here is some helpful information.