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4 Tips To Pay Down Your Student Loans

Oh student loans. So many of us have them, right? You might have them, or maybe someone close to you has student loans and that’s why you are reading this article. For me, I am all about paying down student loans as quickly as possible. They are probably your biggest or one of your biggest monthly payments each month, and the stress that comes from that can be very high. Here are my four tips to pay down your student loans as quickly as possible: 1. Lower your budget. If you want to pay down your student loans quickly, then you need to look ...
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Refinancing Your Home Loan

If you haven’t refinanced your mortgage ever since interest rates have dropped, you may have still not missed your chance. I still know people who have interest rates on their mortgage that are over 7%, and that just seems like a crazy high amount for a mortgage interest rate to me. However, you may have just never had a chance to refinance yet. Refinancing may not be for everyone, but it may be for you. I actually know someone who has refinanced their home loan over 5 times, and they’ve only owned their home for a few years. That is ...
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Should You Use Department Store Credit Cards?

Do you apply for, and use, department store credit cards? Do you think there are any advantages or disadvantages to using them? Some of the disadvantages really only apply to people who are unable to pay their amount owing in full each month. Why? Because most often department store credit cards charge very high interest rates and if you simply make the minimum payments each month your purchase will quickly cost you double what you actually paid for it. Department store credit cards are great for someone that needs to improve their credit score. ...
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What exactly is an inquiry when it comes to my credit?

Credit scores and credit reports can be a difficult thing to deal with.¬†One topic that we have not covered nearly enough on this blog are some of the more technical terms, with one of them being about inquiries. There are both hard inquiries and soft inquires (sometimes they are called hard pulls and soft pulls, respectively), which can open up a whole new confusing world when it comes to understanding your credit. Below we will go over what exactly an inquiry is and how it affects you and your credit report. What is a soft inquiry or a “soft ...
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5 Ways to Manage Your Credit

Reputation is very important — whether in your personal life, at work, or where your finances are concerned. Your credit score is your “financial reputation”. The better your credit score, the more likely you are to get low-interest rates, loan packages, and higher credit card limits. More importantly, a lot of employers now look at an applicant’s credit score for evaluation. In fact, the importance of the credit score has crept into dating; why date someone with very poor credit score and get yourself into potential financial ...
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