Many loans and credit cards with more favorable terms require you to have an excellent credit score to qualify. If your credit score is in good shape but not perfect, you may be wondering what the highest score is and whether you can reach it. The good news is, you can still get approved for … Read more
Having a credit card can help you improve your credit score over time as you make timely payments and manage how much credit you’re using. So, you may be wondering whether you should have multiple credit cards to build credit. Whether you have two credit cards or five, the impact they’ll have on your credit … Read more
The best way to avoid going into credit card debt is to make sure you don’t spend more than you are prepared to pay off. If you pay off your balance in full every month within your credit card’s grace period, you won’t incur any interest and you’ll stay free and clear of debt. Staying … Read more
Large loans and small loans both serve the same purpose — they allow someone to stretch their spending power beyond their regular earnings and pay it back later. Some general loan shopping advice applies to both types of loans, but small loans do have unique factors to consider. Here are some things to weigh when … Read more
It’s common for credit cards to come with annual fees. Still, it can be tough to justify paying that extra yearly charge when the best no annual fee credit cards offer highly competitive rewards and benefits. You also want to make sure that, if you do have to pay an annual fee, you can cover … Read more
Building credit when you have a low credit score may seem like an impossible task. Luckily, there are many ways you can improve your credit score, from making credit card payments on time and keeping spending to a minimum to taking out a secured loan. A secured loan can be easier to get approved for … Read more
If you have poor credit and haven’t been able to find a legitimate online loan, don’t fret. Contrary to what some might believe, borrowers with poor credit can still take out loans — even online. Many online lenders look at factors like your income and employment history in addition to your credit score. If you’re … Read more
If you’re looking for fast cash, there aren’t too many options through traditional lenders. Because of this, you may look to using one of your most valuable assets — your vehicle — as collateral to expand your loan choices. Using your car as collateral can be a good strategy for getting cash fast, but there … Read more
Many lenders do a credit check when you apply for an online loan to assess your ability to pay back the funds. Unfortunately, this can sometimes cause a hard inquiry, or a deep dive into your payment history, credit utilization, and number of active credit accounts. Every time a hard inquiry is done, it will … Read more
When deciding whether to use a loan or a line or credit, it’s important to keep in mind the way these financial tools work. For a loan, you go to the bank or an online lending site, fill out the application, give proof of income and identity, then you’re either approved or denied. The money … Read more
