How to Pay Off Credit Card Debt

I know, I know, we’ve all been there, and it’s easy to say, but usually hard to do. What’s more, all of this credit card debt didn’t appear instantly, and it’s not going to go away instantly either. We’ll try to show you how to pay off credit card debt in a reasonable time frame, but it’s very important that you have your mind set to do it.

Getting rid of this bad debt may seem next to impossible, but it is absolutely possible. If paying your bills at the beginning of the month gives you a View full post…

Posted: August 6, 2021
Under: Credit Cards
By: Gust Lenglet

Read More... Please comment

How to Get Car Financing with Bad Credit

How to Get Car Financing with Bad Credit with Reasonable Terms

If you’re wondering how to get car financing with bad credit, it can be done. Before you take that step though, you need to consider the costs very carefully. Financing terms tend to be expensive if your credit is less than perfect

Because the lender feels they are taking on more risk with your lower credit score, you will be charged a higher interest rate. Unfortunately, that will increase your monthly payment as well. Like any other type of financing though, lenders consider your credit scores to see if you’re likely to View full post…

Posted: July 30, 2021
Under: Personal Finance
By: Gust Lenglet

Read More... Please comment

Dealing with Debt Collectors

6 Tips When Dealing with Debt Collectors

In today’s world, many individuals are having trouble paying their bills and are dealing with stress and anxiety. Many others are just simply overwhelmed with the entire situation and don’t know where to turn. If you’re in this stressful situation, don’t despair. Just because your unpaid debt has been turned over to debt collectors, you still have some measure of control.

Who are these debt collectors?

A debt collector is usually some third-party organization who is paid to View full post…

Posted: June 4, 2021
Under: Debt Retirement
By: Gust Lenglet

Read More... Please comment

6 Ways to Improve Your Credit Score

Improve Your Credit Score by Following Our 6 Tips

Has your credit score “tanked” or been reducing for whatever reason? Don’t throw in the towel and just give up. There is something you can do about it if you’re willing to work hard at it. We’re not saying it’s going to be easy, but it will be worthwhile. Follow our 6 tips to improve your credit score, and it will pay off.

No question about it, improving your credit score is worth spending some time and sweat. It’s also a good investment in the long run as you’ll see later on in this article.

How many times have you applied for a car loan or a credit card and been declined? Or maybe View full post…

Posted: January 6, 2021
Under: Credit Cards
By: Gust Lenglet

Read More... Please comment

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.

Getting a good starting point is very View full post…

Posted: June 5, 2020
Under: Credit Cards
By: Gust Lenglet

Read More... Please comment

Tips for Buying Investment Property

Credit tips for buying investment property

(BPT) – If you love the idea of being a landlord and don’t mind being on duty around the clock, buying investment property may be the wealth-building option for you.

Property values have enjoyed a steady increase over the decades. That’s why real estate has earned its reputation as a sound investment that builds wealth and credit.

Most people, however, don’t have the quantity of cash on hand to purchase a house or apartment building outright. Still, if becoming a landlord means taking out a 30-year mortgage, the monthly payments from the tenants should be enough to service the loan and build equity for you, while leaving some cash flow so you can maintain the property.

If buying investment property sounds like a step you’d like to take, here are some credit considerations every investor needs to know.

1. Be mindful of the inquiry stage

Once you decide to purchase an investment property, it’s important to do everything you can to make sure your credit score stays as high as possible until the loan is approved and signed. Your goal is to land the best possible interest rate because View full post…

Posted: February 22, 2019
Under: Real Estate
By: BPT

Read More... Please comment

How to Get Your Finances in Order

4 Things You Can Do To Learn How To Get Your Finances in Order

Are you familiar with financial phrases like credit score, retirement savings, debt retirement, or account balances? If so, that’s great, you’re well on your way to learn how to get your finances in order.

If these phrases tend to cause a bit of anxiety, you’re not alone. About 75 % of the current millennial generation feel as you do, according to the National Endowment for Financial Education. This organization was founded in 1972 and is a non-profit 501 (c) (3) foundation with its primary purpose being to help Americans improve the quality of their lives by educating them with basic programs that teach one to make sound financial decisions.

Many millennials tend to shy away View full post…

Posted: November 7, 2018
Under: Money Management
By: Gust Lenglet

Is a Mortgage Refinance the Best Option

How To Know If a Mortgage Refinance Is Your Best Option?

When interest rates are low, applications for a mortgage refinance are a major portion of the total of all mortgage applications. This is due because when mortgage interest rates fall, many borrowers see an opportunity to restructure their debt hoping to get a more favorable rate or term.

Simply having a drop in mortgage interest rates doesn’t mean that its the right thing to do for everyone. We all have different situations and lifestyles and everyone doesn’t fit into the “average” cookie cutter mold. Because of this, the following 9 points may help you if you are considering refinancing your mortgage.

The equity in your home

Equity is one of the first items that a refinance lender will look at. If it’s not there within the banks’ guidelines, most conventional lenders will decline your request. During the last recession, many homeowners were underwater, some very deep.

The value of homes has been rising as of late and the number of underwater loans has dropped. This varies from state to state and is determined by a number of factors. If your home has little equity, a conventional lender probably View full post…

Posted: October 14, 2018
Under: Mortgages
By: Gust Lenglet

Effective Shopping for a Mortgage

5 questions to ask when shopping for a mortgage

(BPT) – Buying a home is a major financial commitment. It’s exciting, but can also be confusing and overwhelming. Choosing the best mortgage that fits your needs is an important first step and first-time home buyers in particular should research the many options and know the right questions to ask. Here are some questions to ask a lender when shopping for a mortgage that will help you make an informed mortgage decision:

* How much can I afford? A home affordability calculator can help you get an idea of what you may be able to afford and keep your monthly payments within your budget. In addition to recurring expenses like car payments, student loans, credit cards and disposable income, be sure to consider other monthly expenses related to the new home, like association fees, homeowners’ insurance, utilities and property taxes. Further, some types of mortgages have firm eligibility cutoffs related to the ratio between a buyer’s total debt amounts and their monthly income.

* How much do I need for a down payment? It’s a common misconception that a View full post…

Posted: August 21, 2018
Under: Mortgages
By: BPT

Hazards of Having A Credit Card – Are You Trapped?

Hazards of Having a Credit Card

My grandparents taught me something when I was young; paying for everything with cash keeps you out of debt. Their philosophy was that it’s too easy to get in over your head and mismanage money if you are using a piece of plastic. They called this debt the hazards of having a credit card.

It is very easy to overuse and misuse a credit card. Here are the following ways:

View full post…

Posted: May 10, 2014
Under: Credit Cards
By: Gust Lenglet

Read More... Please comment

Tag: Credit Score

How to Pay Off Credit Card Debt

How to Pay Off Credit Card Debt

How to Get Car Financing with Bad Credit

How to Get Car Financing with Bad Credit with Reasonable Terms

Dealing with Debt Collectors

6 Tips When Dealing with Debt Collectors

Who are these debt collectors?

6 Ways to Improve Your Credit Score

Improve Your Credit Score by Following Our 6 Tips

5 Steps to Repair Bad Credit

5 Ways to Repair Bad Credit Yourself

Tips for Buying Investment Property

Credit tips for buying investment property

How to Get Your Finances in Order

4 Things You Can Do To Learn How To Get Your Finances in Order

Is a Mortgage Refinance the Best Option

How To Know If a Mortgage Refinance Is Your Best Option?

The equity in your home

Effective Shopping for a Mortgage

5 questions to ask when shopping for a mortgage

Hazards of Having A Credit Card – Are You Trapped?

Hazards of Having a Credit Card

Sign up for new posts & relevant tax changes

Assisted Living – Caring.com

Recent Posts

Categories

Gust Lenglet – Platinum Author

Legal Disclosure