Archive - January 2023

Bad credit is when your credit score is lower than average. A FICO Score is a number that lenders use to help them make decisions about whether to give someone a loan. FICO considers a credit score to be poor if it falls below 580. FICO is the industry standard for creditworthiness, used by over 90% of top lenders. Their scores help millions of people get the credit they need for a home, new car, or special purchase. A FICO score is a number that represents your creditworthiness at this moment. The higher the more likely you are to get a loan. A score of 580 or below is poor. This means that you are more likely to default on your loan. FICO Score Ranges Rating Description <580 Poor Well below the national average 580-669 Fair Below average of US consumers 670-739 Good Near or just...

 A wedding is a big deal, and it’s not cheap! And, if you’re going to spend thousands of dollars on a wedding, how do you pay for it? You can save your money, take out a loan, or put it on a credit card. A personal loan can be a great way to finance your wedding, especially if you have good credit or want to build your credit. It will have lower interest rates than credit cards too. Plus, you can get a personal loan with a fixed interest rate, which can help you budget for your wedding expenses. How Much Can I Borrow With A Personal Loan? That depends on a number of factors, including your income, credit score, and the lender you choose. Generally, you can borrow up to $100,000 with a personal loan, but some lenders may offer more depending on your credit score. Before you...

Bad credit can feel like an albatross around your neck, preventing you from getting the things you need in life.  Lenders tend to be skittish about lending money to people with lower credit scores. But there are ways to get a personal loan even with bad credit… In this article, we’ll share the secrets to getting a personal loan with bad credit. You might be surprised at some of the options available to you. Now, before you take out a personal loan, it’s important to understand how they work and what the potential risks are. Personal loans can help those with bad credit in a few ways.  It can help merge all your debt into one monthly payment. This can help get a lower interest rate and get out of debt faster.  Personal loans can help you make a large purchase. This can be...

Debt Consolidation loans offer several key benefits for borrowers.  They can help reduce the total amount of interest you are paying on your outstanding debts.  If you have more than one debt, you can combine them into one loan. This might get you a lower interest rate, so you could save money every month on your payments. Over time, you could save a lot of money on interest charges. A debt consolidation loan is when you take all your different debts and put them into one loan. This makes it easier to pay because you only have to make one payment instead of multiple payments. What is debt consolidation? Debt consolidation is the process of taking out a new loan to pay off many debts.  This can be done to secure a lower interest rate, simplify monthly payments, or both.  If you have lots...

Personal loans are one of the most popular ways to finance your life. They come in many forms. Some are designed to help you pay for certain big-ticket items (like a house or car). Others may be geared toward helping you set aside money toward something specific (like student loan repayment or a down payment on a home). Personal loans can seem like an easy way to get money until you start thinking about how it will impact your financial future. After all, these loans are meant to fund short-term expenses that won’t have an effect on your debt profile over the long term. But with so many options, how do you know which type is right for you? What is a personal loan? A personal loan is an unsecured loan that you take out and that doesn’t need collateral. These loans are designed to help you...