People borrow money for every reason. Whenever they need money, they look towards banks, friends, or financial institutions to help them. However, the reason for the loan is not always justified. People take loans for all sorts of crazy reasons – a party, an outing, and other unnecessary expenses. These reasons might be unjustified; however,...
Are you facing credit problems in the event of bankruptcy or a home foreclosure? Or is that your credit score has dropped as a result of payment failure? Gone are the days when bad credit hindered your loan approval and lenders reluctant to approve your loans. Mortgage loans for people with bad credit have dissipated...
Taking out a mortgage can be a difficult process for first-time buyers. Representing a loan tied to the value of a property, which is paid back with interest over a fixed amount of time, a mortgage is essential to buying a house. Banks and credit agencies may be less likely to approve a favorable rate...
A friend of mine had recently mentioned to me the confusion between what is a debt consolidation loan and what is debt management. This didn’t really surprise me as many consumers, borrowers, debtors, etc, can be confused by the various loan products and banking/financial terms used today. Basically, unless you are in the banking industry...
Many people who have recorded a bad credit score are aware of the fact that they can no longer benefit from other loans. The bad image of your credit history has led to a bad credit score. Until you fix it, you can not take advantage of another loan. Have you ever heard of the...
Experts tend to agree that 2012 will see home prices rising slightly. Coming from Fiserv, a firm that accurately predicted that 2011 home values would drop, there’s a good chance that this prediction isn’t too far off the mark. On the other hand, some predictions slate 2012 to be just like this past year, with...
Imagine showing up at the dealership with no information about the car you’re there to buy. No idea of the sticker price and no clue about dealer invoice cost. You don’t even know how much the loan payments will be. Financial suicide, right? Not anymore. In the current age of smartphone technology, being elbow-deep in...
Rejection is rarely welcome, especially when credit applications are involved. During the past few years, numerous applicants have been declined credit for secured loans and mortgages. The question many people are asking is why. Provided below is a summary of some of the reasons why applicants are being refused credit for loans and mortgages. People...
Financial problems may come up at any given point in our lives without informing us beforehand. If you’re met with any emergency all of the sudden, you may find it difficult to handle the situation, especially when you’re nearing the end of a month. It might be a good ploy to go for the cash...
As many households take a long hard look at their finances to try and squeeze the most out of every dollar earned, refinancing loans may be considered as an option to free up some money. However, whilst it is possible to get a new deal to lower outgoings, several other factors need to be taken...