How Credit Scores Work

Introduction A credit score refers to a number used by third parties, most lenders in order to determine the risk associated with offering you credit. A credit score is one strategy that is employed by credit card companies, banks, and other financial institutions to assess your capabilities in paying off the debts you accumulate. Higher..

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Tips for Saving Money

If you’re among those people with poor spending habits, the various tips for saving money covered in this write- up is certainly what you need considering. According to research, the most difficult thing regarding saving money is commencing the saving process. It can be very difficult figuring out simple tricks to save money as well..

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How Bad Credit Affects You

A credit score influences many aspects of your life. It may make your life more worth living as well as make it a hell. This is the reason why you need to be careful with the number of debts you are carrying. Too much debt translates to low credit scores thus a bad credit. It..

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Loans vs Credit Cards

Personal loans vs credit cards: Which is the best option? When it comes to borrowing funds to cover expenses or consolidate debts, there are several true and tried ways at disposal. For most, the decision lies down on either personal loans vs. credit cards. The challenging part to know which one is most suitable. Both..

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Loans vs Leases

Do you take a lease only when renting a house or a car? Are loans only meant for long-term projects? Many rarely look towards leasing as an alternative to loans and vice versa. At times, it’s not clear what the difference is between the two. After all, money still comes out of your pocket each..

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What is bad credit?

A credit score or credit rating is a method used to determine the creditworthiness of the loan applicant. It takes the form of a number, with a higher number indicating better creditworthiness. Components in the credit score The following components are an important part of the calculation of the credit score : the punctuality of..

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How to Create a Family Budget

For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when..

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Why Prepare For Retirement?

Time goes so fast that some people are caught unaware that life has caught up with them. These people have been very busy taking care of their families that they have forgotten how to prepare for their future especially when they become too old to work. Every person should prepare for that time when they..

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How To Get Rid Of Your Debts

Borrowing is not a bad thing, however, having uncleared debts pilling up is an alarming situation. When you find yourself in a vicious cycle of debts, it is time to find a permanent solution. Whether as an individual, a family or even a business, there are several ways you can get rid of your debts…

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