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Life with a Low Credit Score

There are many things to keep in mind when it comes to personal finance. One thing that is very important is being aware of your credit score at all times. If you have a high credit score, it will make it much easier for you to do things when it comes to finances. For example, it will make it much easier to obtain loans with decent interest rates and to make large purchases, such as the purchase of a car or a house. However, if you have gotten into a bad situation where your credit score is low, this does not mean that there is no coming back. Not ...
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Will I Go into Debt If I Have a Credit Card?

The answer to this question is a tricky one, and honestly you could.  I did, but with discipline it actually can be a rewarding card that actually makes you financially responsible if you use one.  Let’s back up a second when I said I did go into debt.  Credit cards do open you up to a new world; a world of spending.  You can make any purchase you want, within your credit limit of course, but even that can be extended as you approach your limit, the creditors will just continue raising your spending ceiling, and you will just continue to charge, ...
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Understanding Your Tri-Merge Credit Report

To understand your Tri-Merge credit report it is essential to realize that the report is simply three separate reports put together. A Tri-Merge report is your Equifax, Experian, and Trans Union report put together. The reason they are laid out this way is for comparison. The following are a set of simple guidelines to follow for reading the report. Personal Information: Review your personal information section to verify that the information is correct on each. The section should contain information like name, date of birth, social security number, ...
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Understanding Credit Basics

Credit – The ability of a customer to purchase goods and avail services before payment, based on the trust that the payment will be made in future. How to improve your score? If you want to improve your credit score, follow the following tips. Subscribe to healthy repayment habit: (a) Pay your bills on time, don’t delay. (b) Clear the missed payments. (c) Get counseling and understand how to not let it fall Manage your debt. Keep the balances low, in fact very low. Pay off debt rather than delaying it. Don’t close unused cards. Don’t ...
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Top Tips to Consider When Asking Someone to Be Your Guarantor

There are various reasons for taking out a loan but if you’ve got a bad credit rating or can’t prove you’ll be able to make repayments then actually getting one in your name can be almost impossible. That’s where guarantor loans come in handy. Much like secured loans, a guarantor loan safeguards the amount lent against your guarantor rather than against your home. This makes them available to many people over 18 who can meet repayments, aren’t bankrupt, in an IVA or debt management plan. Ensure you check you are eligible for a guarantor ...
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This Christmas, More Of Us Want Meaningful Things And Not More Stuff And That’s A Good Thing

Christmas is almost here and as usual, the festive frenzy is hitting fever pitch with each passing day. The economy has been tough on retailers this year, but it hasn’t stopped them from rolling out their annual high budget advertising campaigns . Turn on your television, and there they are. Christmas ads. In your inbox, on the radio, on every billboard where you live. There’s no avoiding retailers tempting you to spend your money. However, more people are beginning to see through the futility of buying material gifts every Christmas. Most ...
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financial solutions for bad credit

Essential Financial Solutions for Bad Credit

Even though bad credit may seem stressful and costly, it is not eternal. However hopeless your financial situation may seem, there is always a way out. Most people underestimate the importance of clearing bad credit. Though it may seem unimportant at the moment, you will be tied up in knots when it comes to future investments. For example, if you have a large number of student loans pending, no bank will be confident to give you a business loan. So it is important to clear the credit history as quickly as possible. Paying off all the debts at ...
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Protect Your Financial Identity

Identity theft is a growing problem. You should consider taking a few steps in order to protect your identity when you shop online or even in person. I personally have had some things happen in the past happen to me where little pieces of my personal information were stolen, and yet a world of damage was done. Even the smallest amount of information can be a gold mine to someone who knows what they are doing with it. Thankfully, none of the damage that was created by this horrible stranger was long lasting, but it still was a pain to deal with. ...
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