Most people who attend college do so by borrowing at least a portion of their tuition and other expenses associated with getting a higher education. After graduation, those loans must be repaid. In order to get a loan, you must first apply for one and be accepted. Loans are never simply given out to whoever asks for money. Fortunately, getting a student loan isn’t all that difficult; you simply have to follow certain procedures.
My Personal Finance Notebook
Thursday, December 1, 2011
Getting Personal Loans if you have Bad Credit
Don’t assume that just because you have bad credit you can’t get a personal loan. However, you will likely have to pay a higher rate of interest. Look at this though as an opportunity for you to rebuilt your credit. If you make all of those payments on time, your credit report will reflect that positive information. It can be your beginning to a fresh start financially.
Do you Lose Money by Consolidating Personal Loans?
Sometimes, people lose money by consolidation personal loans. They don’t see it though due to them getting a lower monthly payment. Yet the number of payments and the rate of interest all have to be considered. Just because you get a lower payment doesn’t mean you save money. Be an advocate for yourself and find out.
Monday, November 21, 2011
5 Little Known Tips when it Comes to Personal Loans
You may think you have it all worked out when it comes to personal loans, but hindsight is 20/20. These 5 tips aren’t well known, but they can help you to get the right terms for your personal loan. As you explore them, you will understand why it is so important to get a great deal from the start. It all begins with where you apply.
#1 - Avoid Interest
When possible, consider a personal loan from a friend or a family member. This is a great way to avoid paying interest. If you know someone that can help you then ask them. Make sure you work out a repayment schedule you are both happy with.
Monday, November 7, 2011
How to Boost Your Credit Score
Your credit rating is extremely important. Without a good credit score, you’ll be unable to get a loan for a new car or a home--unless you’re willing to pay outrageous interest rates. Because the interest rate you pay on a loan is directly related to your credit score, it’s a good idea to keep the score as high as possible. If your credit rating is lower than you’d like it to be, you may be interested in the following tips on how to boost your credit score.
Subscribe to:
Posts (Atom)