What is an excellent credit score? What will be classified as excellent credit score will depend on the credit rating agency’s score you are considering. If you have credit score of 800 and above based on FICO ranking, you will be said to have excellent credit score. This may be slightly different with Vantage Score.
Is it possible to get loan with bad credit? The answer is ‘Yes’. It is actually possible to get loan with bad credit if you know how to go about it. The reason why some are frustrated in getting loan is because they are ignorant of the steps they need to do. Bad credit is
Debt snowball method is one of the proven ways one can adopt to pay off his debts. As I usually say, it is easy to get into debt but to get out is not as easy as that. Possibly, you have some debts which are becoming too burdensome for you to carry. You should not
What are the implications of cosigning student loans? It is not that easy for students to fund their education without resorting to loans. Student loans have proved to be one of the key sources of funds for students who aspire to further their education into Colleges and Universities. The cost of tuition fees is becoming
Are you planning to apply for mortgage loan? If yes, you may need to start planning ahead before you apply for the loan. Knowing what lenders want and ensuring that you meet the requirements will in no small way increase your chance of getting the loan. Although there are other types of mortgage loans such
Credit Purchase Vs Cash Purchase If you want to buy an item, you have two options. You can either buy in cash or make a credit purchase. To a layman, it may not mean any difference to them as long as the ultimate aim of taking possession of the item is achieved. But the truth
What is compound interest? Compound interest is the type of interest that is calculated on both the principal and the accrued interest on the principal. Unlike the simple interest whereby interest is calculated on the principal alone, while calculating interest using compound interest, you will need to first add the accrued interest with the principal
How do I apply for student loan rehabilitation? If your student loan is already in default, you may be thinking on how to quickly get it out of the default status so that you can continue with the repayment. There are actually ways you can achieve this. But in this article, we shall concentrate on
Secured Loans Vs Unsecured Loans When you want to borrow, you have the option of applying for either secured loans or unsecured loans. However, you don’t just choose your option arbitrarily. You need to take some factors into consideration. Some of the factors you may be able to control by yourself, while some factors may
Getting Out of Student Loan Default Do you have defaulted student loans? If you do, I can actually connect with your feelings. The truth is that, you are not alone. The rate at which borrowers are defaulting on student loans is very alarming. This is not to say that I am encouraging people to default
