This is a much more subjective question than I'm sure you were hoping it was going to be, but I can lay the ground work out for what your credit needs to be for a mortgage, and what the parameters will be in some of the varying circumstances. First of all, if your rating is over 720, you have an excellent score, and are really good to go! Lenders will be pleased to work with you, and you will have a very easy time of things. Shop around for the...more
If you are a bad credit holder then this is your golden opportunity to get any financial help and guidance through the bad credit loans. These loans are designed in such a pattern that it will surely comply with your all kind of financial problems with this assurance that you will not have to think of any other secondary source of funds. These loans are made available in the loan market only for the bad credit holders and others...more
A prepaid credit card and a bad debt card are the options open to you if you have an adverse credit record and need a credit or debit card. There are many reasons for you needing a credit card, and even those with a very poor credit record eventually find that not having a card can very inconvenient.Let's take some examples a where bad debt card or prepaid credit cards would be better than no card at all:1. Hotel bookings.Most people book their hotels in advance - in fact if you don't you are highly unlikely to get a room! When you book online you obviously have to secure the booking using a credit card. If you book by telephone, you will be asked for your card number. So if you have had your cards cancelled, and no regular card provider will give you one because of your past record, then what do you do? No more hotels for the rest of your life? You are better off with a bad debt card or a prepaid credit card than no card at all!2. Vacation BookingsThe same applies here, and there is not really any need for me to go further than that. You know how it works: you make the booking and then give your card number. No card, no booking. The days are long gone when you book...more
Your credit report is summarized in three digits and it is otherwise known as credit score. Having a low credit score will lead your application for loan, credit card or insurance to be denied. This score is how your lenders will predict your creditworthiness or whether or not you will be a good payer in the future. It is computed using a method...more
Recession, economic downturn, credit crunch no matter which term you use, it all boils down to financial problems faced by both companies and private individuals. If youre a small business owner or an average employee living from one paycheck to another, how can you go about beating the credit crunch? That is exactly what we will try to discover...more
You might not know this but improving your credit score isn’t as easy as it sounds. Your credit score is the most important factor when you want to be approved for a loan. This means that you need do something about your bad credit score today because you never know when you might need one. Your credit score is almost like your diary. If someone had to read it they will know every little detail about you. They will know if you are trustworthy or not etc. Credit institutions are the people that would like to read your diary but because they don’t have the time and energy to read your personal history they would rather read your credit history. This makes is easy for them too see whether you are able to pay your instalments on time and you haven’t pushed your credit card to the limit. This will be able to indicate whether you will pay your loan back. It all boils down to risk. If you have noticeably bad credit you might want increase your credit score before you step into a bank. You might get a loan but this will mean higher interest rates and you would probably have to take out a secured loan. A secured loan is a loan with collateral. You have to put something...more
With more than 60 million Americans in debt and billions of dollars in revolving credit, is it any wonder why many families feel the need for emergency debt relief? Add to this the fact that the recent spate of economic problems led to the reduction...more
In a world which relies mostly on a credit system, one of the most common disadvantages is that people get in debt more than they can afford to. The instantaneous factor of using a credit card is what makes it so tempting to use, so if you are not...more
You need a loan and the first thing you do is request a credit report. This is because you want to check your credit score. Your credit score is your ticket to a high-quality loan. Everyone has some kind of credit history be it good or...more
Raising your credit score works the same way your report card at school worked. If you had bad marks chances were that you weren’t able to get into the best colleges. Your credit score is a three digit number, and the higher your...more
Presently hundreds of thousands of people in the United Kingdom are up to their neck in debt. Realistically, with the ongoing credit crunch it doesn't take much to leave you with bad credit. Subsequently, loans, credit cards, and even accounts ...more
You are in urgent needs of funds but your bad credits are creating troubles? High street lenders often reject the loan application of bad creditors as they are risky for them. For their ease and convenience, short term loans no credit...more