Joe Sells The Poconos
If you want to buy a house but you have student loans, you may be trying to figure out if you should save money for a down payment or focus on eliminating your existing debt before you take on a mortgage. The answer will depend on your individual circumstances.
What Are the Terms of Your Student Loans?The amount you owe, your interest rate and the number of years left in your repayment period are all important. If you have large monthly payments that are straining your budget now, focus on pay...
Some unscrupulous lenders use abusive practices, known as predatory lending, to trap borrowers in loans they can’t afford. Those lenders target vulnerable groups, make misleading claims and conceal the true cost of their loans.
Types of Predatory Lending
It’s legal for lenders to charge borrowers with bad credit high interest rates since they’re riskier than customers with good credit. Predatory lenders deliberately target people with bad credit and charge them exorbitant interest rates.
There’s nothing like the excitement of moving into a new home. There is a lot of promise to this fresh start, from decorating the living room to planning the first home improvement project. However, it’s essential not to overlook the importance of improving your home’s security after moving in. Use these tips to help heighten the safety of your new residence.
Change the locks
As soon as you come into possession of the keys to your new home, changing the locks on all the exterior doors should be...
If you’ve checked your credit reports lately for errors, congratulations! That’s a smart first step to improving your credit score, which can make getting approved for home loans and credit cards, along with getting the best interest rates, a lot easier.
Errors can be as simple as a misspelled name, wrong phone number or address, or as serious as an account wrongly reported as delinquent.
The next step is to fix them. Here are some ways to resolve errors on your credit reports:
Write the Credit...
Many Americans are burdened by debt and have little or no retirement savings, and people who want to get out of debt and save money for the future often don’t know where to begin. Some financial experts might offer general advice that doesn’t fit every situation. The correct approach depends on several individual factors.
Burdens of Debt and Benefits of SavingHigh-interest debt, particularly from credit cards, can weigh you down. Interest can keep building up month after month, and making only...
Credit can be a scary subject to approach, whether or not you want to jump into it isn’t an option in most cases; credit determines a lot, but it can also be a great financial tool when used properly. When your credit score is good, your rates, loans, and other financial endeavors will be good, too.
The first step to managing a credit score is to understand how it is calculated. Read this guide to help you on your way to achieving financial freedom.
Why does credit score matter?
Most p...
Of the many expenses associated with having a child, saving for their college education is a huge undertaking. Whether you’ve committed to paying their way entirely or helping out in some capacity, ideally, saving for college is something parents should have started as soon as their kid was born. Whether you’ve done that or not, here are some ways to save for your kid to go to college:
Set Up a 529 PlanThis can be done before your child is born. A 529 plan is a college savings plan set up by ea...
