Getting approved for a loan can be difficult if you have a bad credit score. Whatever the reason for your poor credit history may be, you can bet that approaching financial institutions for the the usual loan options will end up in one rejection after another. In cases where you do get approved for a loan, you can expect higher than standard interest rates. Image Credit: … [Read more...] about Loan Options for People with Poor Credit History
If you are looking for a lender from whom you can take out a mortgage, then you have two options. You can take a home loan directly from a bank or you can employ the services of a mortgage broker. It is smart to know when to directly get a loan from the bank and when to hire a mortgage loan broker. Banks don't charge excessive fees. If you don't want to pay extra charges … [Read more...] about Taking out a Home Loan: Banks vs Mortgage Brokers
In a perfect world we would all have a hefty savings account to tide us through those financial emergencies. 'Car breaks down? No problem—I have it all covered.' But the bad economy has left many people surviving from month to month, and when problem strikes, they have nowhere to go. But there are ways to quickly raise a small amount of money to get you through a tough … [Read more...] about How to get emergency money—fast!
This depends on the nature of your existing loan and where you are going to borrow money from. The safest course, really, is to NOT borrow more money and not add on to your existing debt. However, there are cases wherein it may be smarter to borrow money to get rid of an existing debt. One such case would be if you have a credit card debt which is accumulating interest at … [Read more...] about Is it a good idea to borrow money to pay off a loan?