5 Steps to Repair Bad Credit

5 Steps to Repair Bad Credit

5 Ways to Repair Bad Credit Yourself

The very first step you need to take to repair bad credit, is to focus on paying all of your bills on time. At the same time, begin reducing credit cards and other loans you may have. Using certain credit building tools may help too.

It’s a lot tougher to repair your bad credit than it is starting to establish new credit. You’re now in a more difficult position of trying to convince credit card issuers and other lenders that you can be an acceptable credit risk.

Even though you’ve messed up before and got behind on your payments, you have to convince them that you will do everything in your power to change your ways.

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10 Safe Tips to Get Out of Debt

10 Safe Tips to Get Out of Debt

10 Tips to Get Out of Debt and Keep You Out 

Whether you want to get out of debt or want to avoid it, what matters is you’re inspired to be better. But how do you start? Well, I’m here to help you with that! Today I bring you 10 tips that will help you get out of debt and keep it that way. If you make life habits out of these tips, you will never have to deal with the headache and stress of debt ever again.

  1. Check Your Statements Regularly

If you want to get out of debt, you need to start paying attention to detail. You won’t notice things such as a recurring fee on your credit card bill for that gym you don’t go to anymore if you don’t check your statement regularly. If you monitor your personal finances like a hawk, you won’t ignore View full post…

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Personal Loans – Are They Right for You?

Personal Loans – Are They Right for You?

What Are Personal Loans and When Are They a Good Idea?

A personal loan, however, can be for any of these things—or something completely different. Sometimes they’re a great idea, and sometimes not so much. Let’s dive in to what personal loans are, and how they are most commonly used.

 What are Personal Loans?

Unlike an auto loan or a mortgage, which are secured by the asset being financed, a personal loan is typically unsecured. Its approval is based mostly on the creditworthiness of the borrower.

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How to Get Rid of Debt Now

How to Get Rid of Debt Now

Do You Know How to Get Rid of Debt? – 10 Helpful Tips

Do you know anyone who is living a debt free life? Do you want to live without the stress of meeting loan obligations every month? Read on and see how to get rid of debt once and for all.

Debt-free individuals usually share the following ten similar characteristics that enables them to live below their means. There’s nothing here that is so highly technical that prevents anyone else from copying.

  1. Start paying attention to details – As an example, if you don’t review your monthly credit card statement closely, there may be charges on there that shouldn’t be. Debt free individuals monitor their personal finances very carefully.

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How to Get Rid of Credit Card Debt

How to Get Rid of Credit Card Debt

5 Ways on How to Get Rid of Credit Card Debt

Each month, when all of those dreaded statements come in for your charges to those plastic cards in your wallet, your card issuer usually lets you know that you don’t need to payoff the balance. “Just pay this minimum payment”, they tell you, and before you know it, you have a high outstanding balance. Now you begin to wonder how to get rid of credit card debt.

Unfortunately, now it’s not so easy. For some individuals, there may have been a good reason why they only paid the minimum payment each month. Problems such as unforeseen medical cost, or the family car passed away, or even loss of a job.

But for many others, it was just poor cash management. They didn’t have View full post…

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Emergency Fund or Debt Reduction

Should I Pay Off Debt With All of My Emergency Fund?

 Set up an emergency fundYou can ask several financial planners this same question and you will get different responses. Some will advise you to get rid of all credit card debt. Some will say to setup an emergency fund first to cover such expenses as a major car repair or some large expenditure in your home.

What are you supposed to do, however, if you have an emergency fund and the balance in it is just enough to repay all of your credit card debt? Wouldn’t the credit card debt with very high interest rates be considered an emergency expenditure?

Don’t deplete the emergency fund to repay debt

The general consensus here is no, don’t use the entire balance of the emergency fund to repay your credit cards. Instead, just use some of the cash savings to repay some of the debt. Keep some of the savings available for a bona fide emergency.

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Money Management Software

3 Reasons Why You Should Be Using Money Management Software

Money management software is a big help in budgetingWe’ve found that many individuals have financial problems due to a lack of understanding in the best way to manage their money. Quite often, they make mistakes that prove to be quite costly, especially when it involves an increase in debt. Money management software can be a big help in many cases.

There are several reasons that these individuals get into financial distress.

    • Some don’t know how to control their spending due to credit card mis-use. They see items they want and charge it to a credit card. Before too long, the credit cards are maxed out and just paying the minimum balance is very difficult.

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Create an Emergency Fund

3 Lame Excuses Not to Create an Emergency Fund

Create an emergency fundIf you were asked to think back through your own life, and name the one item that topped the list of money management tips, what would it be? We would get many different answers on that question, but the one that tops the list, is create an emergency fund.

Many individuals ask why? There are so many “emergencies” in life that can happen. An unexpected root canal, extensive car repairs, a home large appliance dies, or even worse, you could lose your job. If you don’t have the cash to cover these items, many look to a credit card or even a personal loan, to cover it.

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Does LifeLock Work

Does LifeLock Work? Think You’re Safe from Identity Theft?

Does Lifelock work? Does LifeLock work? If you use this service and ever had your identity stolen, I’m certain you will answer with a resounding yes! Identity theft is a very serious matter and unfortunately is on the rise. Many of us don’t realize just how easy it is for a thief to steal our identity. In the best of cases, we will spend some time and money while we try to restore our credit to get rid of any fraudulent purchases made.

In the worst of cases, we could find ourselves involved in legal disputes, or with a warrant for our arrest. No one wants this to happen and the best way to ensure that it doesn’t, is to consider a program such as LifeLock. View full post…

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Do I Need a Credit Card

Is a Credit Card Something I Need to Have?

Do I really need a credit card?Have you ever wondered if you really need a credit card? I can hear some saying, this guy must be nuts, who can live without at least one credit card?  There are some though, who are highly disciplined and won’t have a credit card in their wallet.

This can be a mistake, however, because with proper use of a credit card, you can build a strong credit score. We’ll give you some tips about credit cards and credit score, and for the very few of you, some advice to consider.

Do I really need to have a credit card?

We all have different wants and needs as well as personal lifestyles, so on to the answer to the above question. There are some who have managed their finances very well for many years and have not used a credit card. They don’t expect their situation to change, and have even saved a tidy sum for possible View full post…

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