Have You Just Missed Your Payment? Late payment is not a good item to have on your credit report. It does not only have damaging effect on your credit, it may make lenders to decline your future loan applications. Another problem with late payment is that it can stay on your credit report up to
Grace Period Definition A grace period as may apply to credit cards, loans and insurance contracts is the period between when your payment is actually due and the deadline you are given to make the payment without you being charged late fee. A grace period is actually an extension that is granted you after your
The effects of bad credit on your finance is not good in any way. In fact, you should try as much as possible to avoid having a bad credit. As they say, prevention is better than cure. While it is very easy to allow your credit to turn bad, the situation may not as that easy
The statistics of the debt profile in America revealed that Americans are currently $1.54 trillion deep into student loan debt. This figure is not a small figure in any way. Can we say they education is becoming too expensive? But someone said, “If education is too expensive, try ignorance”. While it is good to be
Meaning of Car Title Loans Car title loans are short term loans usually for a period of 30 days. This type of loan is only accessible to car owners. Individuals seeking to obtain car title loans will be asked to deposit the title document of their car as collateral. This serves as security as the
Getting Ready to Buy Your First Home If you are considering applying for a mortgage loan, I will suggest that you take your time. Don’t rush into it so that your application will not be rejected. One thing you should understand is that, each time you apply for mortgage loan, the lender will place hard
How High Mortgage Interest Rates May Affect You If you are conversant with the trend in the real estate market, you must have observed that the mortgage interest rates have been on the rise. The hike in the mortgage interest rates cuts across 30 year fixed rate mortgage, 15 year fixed rate mortgage and 5 year
Are you about submitting your mortgage loan application? You need to prepare your mind that not all mortgage loan applications are approved by lenders. I am not trying to discourage you by telling you this. I just want to provide a guide that will increase your chance of having your mortgage loan application being approved.
Strategies for Paying Back Student Loans Are you overburdened with student loans? Do you keep wondering about whether the loan repayments will ever come to an end? Will an end come to it at all? I can feel your pain. I can just imagine how you feel when you need to set aside certain amount
Has your mortgage application been denied? It is no longer news that a large number of mortgage applications are being denied by banks every day. This has discouraged some people from trying again. At the same time, you can’t blame banks for declining some of the mortgage applications they receive. They are not established as
