Have you ever been in the process of making a purchase and been offered a deferred interest option? Wondering whether this is a good idea or if there are any drawbacks to doing so? Learn more about deferred interest on our blog.
There are a lot of reasons loans are denied. A lack of credit history, high debt-to-income ratio, or a recent change in jobs or income can disqualify you for a loan. Lenders want to loan money to applicants who are likely to repay the loan on time and without missed payments or other trouble.
Getting out of debt can be a long journey, though not an impossible feat. So, where do you start if your journey to financial health starts deep in debt? Take it one step at a time.
When you start receiving collection calls or your mailbox begins to fill with collection letters, you may wonder about the legitimacy of the debt collector and the legality of their collection efforts.
Should you prioritize paying down debt or building up your savings? While it is important to find the strategy that works best for your individual financial goals and outstanding obligations, for many people the most effective strategy is going to be one of balance, where debt and savings are managed simultaneously.
Few things are as motivating than seeing your savings increase. By putting even a small amount of money into savings each month, you will gradually see that amount grow – a great catalyst to continue to save more and more.
The bad news? Yes, your creditors can place a lien on your property. The good news? They can’t just arbitrarily declare an ownership interest in your home without turning to the legal process.
When your credit score means so much to your future borrowing ability, the last thing you would want to do is unknowingly torpedo it by making bad financial moves.
Budgeting can be a frustrating process. When writing one, it is all too easy to make it aspirational at best and downright unattainable at the worst.
Smart spending is the key to striking a balance between our financial independence and a thriving economy. For those ready to try a new technique to find that balance, a minimalist lifestyle is worth considering.