There comes a time when the universe doesn’t seem to be completely on our side. We go through the loss of a job, a bad decision, or simply a financial predicament that led to huge amount of debt – which you need to get out of fast. In such circumstances, a loan may prove to be the gold pot at … Full Article
People start looking for a second mortgage when they already have a mortgage on the property they’re still paying off but don’t want to refinance the loan. Before deciding if a second mortgage is a right move for you, consider the fact that if a debt isn’t paid and the property gets sold, the lenders will first collect the money … Full Article
We all agree on one thing: paying off debt doesn’t come at an easy cost. Still, small payments and a low-interest rate can ease the path. When you attempt to pay off your debt in a given timeframe, two solutions are regularly proposed: debt consolidation loans or balance transfers.
Hence, which option should you select? As it is expected, each … Full Article
Ruining your credit score doesn’t take too much effort, as opposed to building it up. A damaged credit score poses a lot of troubles, especially if you’re looking to take on a loan for a business or a house.
In Australia, if your score is above 700, then you have nothing to worry about. Most banks don’t require a perfect … Full Article
Low doc business loans were created to offer borrowers a quick and fast solution to financial problems. Unexpected expenses usually render your profit from growing and actually put you into more debt instead.
Getting access to funds that will resolve your situation without the need for financial statements, additional documents, or the perfect credit score can be difficult. Low doc … Full Article
Your payment history makes up 35% of the credit report. That’s the reason financial experts insist you to pay your debt in time.
What happens when you make a late payment? You pay a penalty for that. What else? Your credit score suffers.
Late payment myths
There are some myths around late payments, which I’m going to debunk here. … Full Article