Refinance With Bad Credit

Does Having Bad Credit Mean You Can’t Refinance Your Mortgage?

Refinance with bad creditThere are a few programs available, such as the Federal Housing Authority (FHA) and the Home Affordable Refinance Program (HARP) that have options for individuals with bad credit. These programs are not based on your credit score, and they don’t even require a credit check.

Another organization, the U.S Department of Veterans Affairs (VA), offers mortgage refinancing to individuals who have bad credit. These are done through various lenders who determine their own requirements, and will vary by the lender.

Some of the statistics from August 2017 bear this out. Ellie Mae View full post…

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Disposable Credit Cards

Disposable Credit Cards – A Smart Money Choice

Use disposable credit cardsDisposable credit cards are also known as pre-paid cards.  Pre-paid cards do not require good credit to get.  In fact, these credit cards are not even linked to your credit report.  There are multiple cards to choose from; grocery stores, gas stations, pharmacies, Walmart, and Target all carry them.  Pick which one suits your needs, load money and use it wherever they are accepted.

Disposable credit cards are handy when traveling.  I’ve had my credit card number stolen before while traveling so I now go to great lengths to protect myself and my financial information.

These are great options for children or adults that are beginning their journey into learning money management.  While they will not help you build credit, they will not hurt your credit. View full post…

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