Bad Credit

Do you sell your soul for money? How much of your life story is a money story ruled by choices about what you will do or not do for money? One of my favorite movies is Joe Versus the Volcano. It’s silly movie that is truly profound. As a story, it’s an extended parable about what people will do for money. The story shows people sleepwalking through their lives, half dead, for the sake of their jobs.

The reason for having the Federal Reserve is to provide a mechanism to control the amount of money available in the economic system. Too much money in the system results in inflation. Too little money results in recession. If you imagine the economic system as one side of a seesaw, the Fed functions as the counterbalance on one side.

A credit score refers to a numerical based on a specific level of an individual credit file. To represent a person's creditworthiness, a credit score is specifically based on both credit reports and information typically sourced from any of the credit bureaus. When information in the credit score is updated on credit lender, you’re likely to experience a credit score changes where can either rise or fall depending on the new information. Due to the rising and failing of this credit score, you need to improve it to normal.

You paid off your house a while ago and have enjoyed being mortgage free. However, in recent years you hit bad luck and ruined your credit. Now you want to tap into your paid off house and get some of that equity back in cash to help make ends meet. Is it possible with your bad credit? REFINANCING A PAID OFF HOUSE You must know that the bad credit you accumulated may hurt you. Certain lenders will not even cons...

Unpaid medical bills are a funny thing when it comes to your credit. Not every unpaid bill will negatively impact your credit, but if you let them go long enough, your score could suffer. Knowing exactly how and when you should get your medical bills paid can help you prevent your credit score from suffering too much. WHAT DOES UNPAID MEDICAL BILLS MEAN? The first thing to understand is what unpaid medical bill...

When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money. While this is true, it is not always that when you refinance you actually save money. Situations vary per borrower. There may be times when situations aren’t suitable for refinancing. An...

Many people think that it is beneficial to pay off a car loan before applying for a mortgage. In reality, this could be a bad idea and actually cause you to lose your mortgage approval. The logic behind this theory might seem a bit strange, as it seems to be common sense to pay off a loan and have fewer outstanding debts when you apply for a mortgage, but that auto loan does more for your credit than you may ...

The new mortgage rate trend that followed last week’s phenomenal hike breaking Brexit’s 11-week low rate streak may have sent many buyers locking in on rates before the new trend gets comfortable in its new course. For those who are considering refinancing, the time may be ripe to get started with your refinancing journey. But how ready are you to undertake the whole remortgage process? This article discu...

Child support arrears can affect your loan application, but not always in a negative way. How you handle the arrears play a vital role in your ability to secure financing. As is the case with any other debt or even income, the lender looks at the whole picture. They don’t focus on one aspect of your loan application. Instead, they look at how everything comes together. This way some things can make you a risk...