Understanding The Difference Between Using Credit and Layaway

’Tis not too early to plan your holiday shopping.

And that doesn’t just mean making a list and checking it twice. It means giving your budget the once-over, too, and figuring out how much you want to spend on gifts.

Depending on the answer, you may be considering whether it’s better to buy those special items for loved ones on credit cards or via a store’s layaway program. You may ask yourself: Which option is best for my budget?

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Can I Get a Car Loan With No Credit?

If you don’t use credit or just started building it, chances are you have no credit file or maybe just a thin one — it’s there, but there’s not much to it. That can leave you with a low credit score or no credit score at all, which may make it difficult to get credit when you need it.

A thin credit file is a common obstacle consumers encounter when trying to buy a car. The vast majority of American households have a car and people overwhelmingly rely on their cars to get to work, but unless you have the cash to cover the cost of your next car, you’ll need to finance it. It can be tricky to get an auto loan with an interest rate you like when you have no or thin credit, but there are a few things you can do to improve your chances of finding affordable financing.

Read More: http://fast-bad-credit-loan.net/blog/2015/10/17/can-i-get-a-car-loan-with-no-credit/

Are Student Loan Servicers the Bad Guys or the Fall Guys?

There is plenty of blame to go around for the student-loan-debt debacle, and the Consumer Financial Protection Bureau along with the Departments of Education and Treasury are particularly interested in the role that the loan-servicing industry has played.

Read More: http://fast-bad-credit-loan.net/blog/2015/10/15/are-student-loan-servicers-the-bad-guys-or-the-fall-guys/

Thinking About Taking Out a Loan? Read This First

The prospect of taking on debt can be nerve-racking, but borrowing money can also help you make life-changing purchases. From funding your higher education to buying a home to meeting other financial needs, most people borrow money eventually. It’s a good idea to remember that it is always a financial risk when you take out a loan so it is important to do your research before making this kind of financial commitment. If you aren’t sure you are ready to borrow money, check out the information below.
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What’s the Difference Between Debt Settlement & Debt Consolidation?

If you’re struggling with debt, it’s easy to wind up feeling overwhelmed, stressed out or just all-around downtrodden. Luckily, there are methods of debt relief available to folks who are finding it hard to stay on top of their finances.

Two of the most popular strategies are debt settlement and consolidation. But while both of these approaches can offer a solution to your debt woes, their effectiveness really depends upon your particular situation. So, to help you make the best choice, here are the key differences between debt settlement and debt consolidation.

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19 Options to Refinance Student Loans – Get Your Lowest Rate

Are you tired of paying a high interest rate on your student loan debt? Are you looking for ways to refinance student loans at a lower interest rate, but don’t know where to turn?

Below, you’ll find the most complete list of lenders currently willing to refinance student loans. You can also go directly to our comparison tool, which lets you see student loan terms all at once, with no need to give up personal information.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/21/19-options-to-refinance-student-loans-get-your-lowest-rate/

Review: PenFed Credit Union Auto Loan

Trying to find financing for that car you’ve been eyeing, but aren’t sure where to look? You might not want to finance with the dealer, as credit unions offer some of the best car loans out there. PenFed Credit Union is no exception with rates starting as low as 1.49% for new cars, and 1.99% for used cars.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/29/review-penfed-credit-union-auto-loan/

How One Woman’s Student Loan Payment Jumped From $200 to $1,400

There are many reasons a monthly student loan payment might increase — but from $200 to $1,400 in a single month? That seems like cruel and unusual punishment — but that’s exactly what one consumer told federal regulators happened because of a paperwork delay.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/22/how-one-womans-student-loan-payment-jumped-from-200-to-1400/

The 6 Best Auto Loans for Buying a Used Car

Shopping for used cars can be tricky. Not only are you trying to avoid buying a lemon, you are looking for just the right model year, mileage, and price. While all of these variables can make car shopping stressful, there are a couple of things you can do to simplify the process.

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Turning a Blind Eye: What Happens If You Ignore Your Student Loans

If you’re anything like me, you have to overcome major avoidance issues when you sit down to review your monthly financial statements. I’d rather clean the toilet than sit down and look over my bank account and credit card bills, but over the years, I’ve definitely learned the hard way that ignoring my finances usually ends up with me paying crazy late fees and penalties.

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Most Students Don’t Get How Bad It Is to Miss Loan Payments

Missing a loan or credit card payment is one of the worst things you can do to your credit score. It not only has the greatest impact on your credit score, your payment history is also easily tarnished and takes a long time to rehabilitate — a single late payment could cost you dozens of (even 100!) points. Once you miss the payment, there’s pretty much nothing you can do but wait for it to age off your credit reports, which can take years.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/10/most-students-dont-get-how-bad-it-is-to-miss-loan-payments/

How Much Money do I Need for a Car Down Payment?

If you’re in need of a new car, it’s hard to know exactly where to start. First, you need to calculate how much cash you’ll need upfront and what that sum means for your loan and payments long term. Like any large purchase, you need to know what’s within your budget. You don’t want to jump head first into an expense or car loan that you can’t afford later down the line.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/11/how-much-money-do-i-need-for-a-car-down-payment/

Is Your Credit Score Good Enough to Get a Better Mortgage?

Credit is the biggest hot-button topic in mortgage lending by far. Most would probably agree, any time you can raise your credit score to improve your mortgage scenario, consider taking advantage of it. However, every situation is different and here’s what to be mindful of if your credit needs a little love.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/12/is-your-credit-score-good-enough-to-get-a-better-mortgage/

How a Biweekly Mortgage Payment Could Save You $35,413

You can find many ways to save money when getting a home loan — shop around for the best offer, work on improving your credit score and increase your down payment, to name a few — but once you borrow the money, there are some strategies you can employ to realize greater savings. A common tactic is to make biweekly mortgage payments.

Read More: http://fast-bad-credit-loan.net/blog/2015/09/12/how-a-biweekly-mortgage-payment-could-save-you-35413/

3 Simple Ways To Raise Your Credit Score

It can be nearly impossible to make certain purchases if you have unresolved debt or low consumer rating. Being diligent in your efforts to raise credit score will make it easier for you to secure a car or even purchase a new home. Fortunately, there are three simple strategies that you can use to accomplish this.

You can start by calling your creditors and making arrangements to apply for a fast bad credit loan. This can be far more advantageous than working with debt consolidation companies. Many of these entities will work to get your bills lowered which will result in your accounts being charged off. It is far better to chip away at your total debt, even if this means having to work alone.

Another way to boost your purchasing power and your consumer profile is by getting new forms of financing. For instance, you might try working with a furniture store that will allow you to pay your purchases down on a gradual basis. These products are often costly, but the process will prove to be more than worthwhile. Approvals are granted based on income and thus, it will not be hard to get the funding you need for these purposes.

Prepaid credit cards are also worth pursuing. With these, you will be required to make a significant deposit in a holding account. Your purchases must not exceed this deposit, however, each time you use and pay this card down, your profile will improve. After you have made a significant number of improvements, you can eventually graduate to a card that has a far lower interest rate and you can also start seeking financing in other places.

Taking a proactive approach to improving your consumer rating is indefinitely worth the effort. You will find that many services are whole lot easier to access once your score is improved. More importantly, some of these services can actually be far cheaper when people have good ratings.

Learn more here: http://fast-bad-credit-loan.net/how-to-find-guaranteed-$10000-personal-loans-for-people-with-bad-credit-on-the-internet.html