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Chase Personal Loan

Chase offers a lot of services, but Personal Loans aren’t one of them. You can find auto loans and mortgages with Chase but if you want the Flexibility of a Personal Loan you may have to look elsewhere for your loan.

Does Chase offer personal loans? The simple answer is NO, Chase does not currently offer personal loans.

Many banks don’t actually offer personal loans. Like most banks Chase also doesn’t offer personal loans. Instead Chase mainly offers saving and checking account services. The closest services to a personal loan they offer are credit cards, auto loans, and mortgages, but they don’t technically offer personal loans. But don’t worry because there are other personal loan options out there that we’ll touch on later in this article.

Chase Credit Cards: A Quick Look

Pros Cons
some of their cards offer cash back and bonus points some of their cards only let you earn back on certain things like dining and travel
some of their cards let you earn back 1.5% to 6 times on purchases some of their cards have fees up to $95
some cards have no annual fees

Chase Auto Loans: A Quick Look

Pros Cons
you can refinance the loan you need to be a Chase customer with a checking account for refinancing options
loan terms are 12 to 84 months you might want to pay back the loan in less than a year
loan amounts are $4,000 to $600,000 you might need an even smaller loan
great for buying a new car or refinancing existing car loan not great for other personal reasons

Basically, Chase is a great place to go if you’re looking for auto loans in order to buy a new car, or if you’re looking for different credit cards that offer an array of benefits. But if you are looking for a more flexible loan that you can use for a larger variety of personal reasons then you’ll need to look at other loan providers.

Who are Chase Loans and Credit Cards Perfect For?

The Chase auto loan is great if you need to purchase a new car or refinance your car payments. Likewise, Chase credit cards are great if you travel a lot and want to accumulate benefits for all the money you spend on traveling expenses. If you need a large auto loan or credit cards great for travelers, and you meet the below requirements, then Chase may be perfect for you.

  • If you have a high credit score
  • If you need a large auto loan
  • If you have a lot of travel expenses for tickets, hotels, and dining
  • If you already have a Chase account

Who Should NOT Get a Chase Loan or Credit Card?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller loan that you can use for something besides a car, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Chase account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If you can’t afford a hard credit pull application on your credit score
  • If you have personal reason beyond cars for needing a loan

An Alternative to a Chase Personal Loan

Check City offers a different kind of personal loan. So if the features and requirements present in Chase’s loan and credit services don’t work for you, a Check City personal loan might be your answer.

Reasons to Get a Check City Personal Loan:

personal loan for you

  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

Chase Auto Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $4,000 to $600,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR depends
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties depends
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 12 to 84 months
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 high credit score

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Wells Fargo Personal Loan

Wells Fargo offers Personal Loans up to $100,000. But if you don’t have a 600 Credit Score and you aren’t already a Wells Fargo customer is it the right loan for you?

Not all loans are created equal. Each loan has their own features and requirements. That is why it’s important to do a bit of research while you’re shopping for loans before you pick one, so you get the loan that makes the most sense for your own personal needs.

Wells Fargo Personal Loans: A Quick Look

Wells Fargo offers personal loans from $3,000 to $100,000 with an APR range from 5.49% to 22.99% with no origination fees or prepayment penalties. They also offer a wide range of payback periods from as little as 12 months up to 84 months. They also offer special benefits for loan customers that already have a Wells Fargo account.

Maximum Personal Loan: $100,000

Minimum Personal Loan: $3,000

Rates: 5.49% to 22.99% APR

Fees: There are no origination fees or prepayment penalties

Terms: 12 to 84 months (1 to 7 years)

When: The next business day, if your loan is approved.

Basically, the Wells Fargo personal loan is a larger loan with a short or long-term payment plan. This loan is often used to consolidate debts, to make a large purchase (like home improvements), or to cover emergency expenses. They also offer a competitive fixed rate, fixed term, and fixed monthly payments. Their loans also don’t require collateral.

Who are Wells Fargo Personal Loans Perfect For?

The Wells Fargo personal loan is great if you need to consolidate heavy debts with high interest rates. It’s also a good loan if you need a larger loan for things like major home improvements or college tuition. If you need a much larger loan and you meet the below requirements, then this loan may be perfect for you.

  • If you have a credit score of 600 or higher
  • If you need a large loan amount
  • If you need to consolidate larger debt amounts
  • If you need to make larger purchases
  • If you already have a Wells Fargo account

Who Should NOT Get a Wells Fargo Personal Loan?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller personal loan, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Wells Fargo account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If your credit score can’t afford a hard credit pull application
Wells Fargo Personal Loans Pros and Cons List

Though personal loans with Wells Fargo may be a great option for some, there are some reasons they may not be the best loan fit for others.

Pros Cons
You can get a really large loan of up to $100,000 You can’t get a small loan of less than $3,000
They offer secure loans Their secure loans have a $75 origination fee
There are no origination fees or prepayment penalties You need a credit score of at least 600
Their loan application involves a heavy credit score check
The application requires a lot of information

An Alternative to Wells Fargo Personal Loans

Check City offers a different kind of personal loan. So if the features and requirements present in a Wells Fargo personal loan don’t work for you, a Check City personal loan might be your answer.

check city personal loan

Reasons to Get a Check City Personal Loan
  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years)
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Ten Ways to Get Amazing Credit

There is no worse feeling than having a bank or apartment manager ask to see your credit score when you know that it is less than stellar even when you haven’t really done anything wrong. Here are some ways that can boost that score quickly.

First—You need to budget and know what your income is verses your monthly payments. If you don’t know you are just playing a guessing game and your credit score will directly reflect that.

Second—Make sure you budget some of your money for your long term debts for ex. Cars, college loans, and anything else that may be loaming over head. If you can’t pay them off now then at least keep up with the payments.
Third—know that you don’t have to use credit card interest to build your credit. They are an unnecessary expense and will only suck from your account.

Fourth— Stay away from bankruptcy and foreclosures. These will hang around and haunt you whenever you check your credit scores.

Fifth— Keep up-to-date on what your score is. You can’t fix things if you don’t know what is going on and you can get a free annual report from the government so there are no excuses.

Sixth—Use automatic payments in order to keep up on loans and other payments. This is an amazing feature online that can really improve your game plan.

Seventh—
Don’t fight your insurance company too much. By letting disputes get too heated many people find a dent in their credit score even though they may have been right.

Eighth—Pay off revolving debts before you pay off installment debts. This is what a lot of your credit report is based off and it is also better to spread the debt out on several cards if you have to.

Ninth—Stay low on your credit utilization so you are well under the limit. This looks good when credit agency see you consistently only using a portion of your credit each month.

Tenth—Don’t close accounts because this can actually hurt your score in the end.

As you start implementing these tips you’ll begin to reap the benefits of an improved credit score. Some people aren’t aware of the many benefits to having a great credit score so here are some of the top benefits and perks that we find from improved credit:

One of the major one is having the ability to pull out loans for cars or a house. Credit is basically trust and allows banks to work with you much more readily.

Another perk is being able to lower your interest on loans. You don’t want just any loans when you apply. You want to be able to get the best interest out there.

Good credit also means good mortgage rates. Sometimes this can save good credit scorers up to 300$ a month on their house payments.

People don’t think about it that much but good credit can get you a much better cell phone plan as well. More and more cell phone companies are incentivizing good credit and are taking the time to check for stellar scores.
Discounted insurance is another major incentive for good credit and many times insurance companies offer other incentives and give customers who have good credit better options.

Working with landlords and apartment managers requires good credit in order to be in good standing. Sometimes it helps in the negotiation process and can lower your monthly rent.

If you are thinking of starting a small business good credit can not only help with loans but can help you qualify for good real estate which is very important for business owners.

Another little known effect that good credit can have is on your future employment. Many employers do a credit check to see how consistent applicants are.

This can be used in order to help employers make decisions on two similar candidates.

So with all of the simple ways of maintaining and raising your credit score, you should come up with a budgeting plan for implementing them. Getting a good credit score may not be an overnight event but if a person is diligent he/she can slowly decrease their debt and keep up on payments and ultimately increase their credit score.

The benefits definitely outweigh the costs as each point refers to less debt and more freedom to choose.

The Secret to Good Credit, Be a Responsible Consumer

If you are trying to figure out how you are going to fix your credit score yourself, don’t get too worried, it is possible. You can easily fix your credit score yourself if you understand the importance of the different contributing factors to your credit score.

The best way to fix your credit score yourself is to stay out of credit problems. By keeping your credit score high in the first place, you can be sure that you do not have to scramble and struggle to get your credit score back to a healthy number.

Plan Ahead on Purchases

First, you should be sure that you know how you are going to pay your bills on time. When you take on a new expense, you
should make sure that you have adequate funds to cover the expense and you should understand exactly how you are going to make your payments. Creating a payment schedule and doing what you can to make your payments automatic is a great way to ensure that you are going to make your payments on time and make them in full.

Any time that you are going to take on a new expense, you should sit down and figure out if you can afford it or not. Getting into this habit early is a great way to ensure that you are able to stay in control of your finances throughout the rest of your life. Creating a budget that you know you are going to be able to stick to is an awesome tool to make sure that you are always living within your means.

Don’t Miss Loan Payments

When you miss payments, it reflects heavily on your credit score. If your credit score takes hits on a regular basis from late payments then it will make it harder for you to get short term loans and long term loans in the future. Make sure that you stay current with all of your bills. If you have not been current in the past, it is important that you get current as soon as possible. By getting current, you can be sure that you are not going to have late payments that will drag your credit score down.

If you have a credit card, you should be sure that you understand how you are going to use your credit card wisely. Your credit card can be a great tool to establish a quality credit score but you have to make sure that you are using your credit card wisely. It is important that you take the time that you need to pay off any debt that you have on your credit cards and keep your balance on your credit cards as low as possible.

By keeping your balance on your credit cards low, you can be sure that you are able to demonstrate your responsible spending habits. Creditor companies like to see that you do not max out your credit card on a consistent basis. If you do use all of the credit line on your card, it is important that you understand how you are going to pay it off quickly. Pay off your credit line quickly and you can be sure that your high balance is not going to negatively affect your credit score.

Applying For Credit, Can Hurt Your Credit!

Applying for a variety of new credit accounts in a short amount of time can hurt your credit score. You should do what you can to slowly build your credit and let time work in your favor as you are working on building your credit score.

Checking your own credit report is encouraged and will not negatively affect your score. Some people get afraid to request their score but checking your score is a great way to ensure that you are going to be able to track your progress and do what you need to do to get your credit score where it needs to be. Checking your score on a consistent basis and tracking your progress may give you the encouragement that you need to keep working.

Stick With It

Finally, make sure you stick with the good habits that you establish. Throughout the time that you are working on improving or repairing your credit score you should understand that the habits that you are forming will be beneficial to maintain throughout the rest of your life. Just because your credit score improves you should not forget the new habits that you have formed.

Develop a process by which you know you will be able to keep your credit score high. Take the time that you need to find a system that works with you and then do what it takes to make sure that the system is going to work for you for many years to come.

Establishing and Developing Your Credit Score Effectively

Your credit score can be a great inhibitor or it can open up financial doors for you. Cultivating a good credit score is not impossible and by paying attention and taking responsibility for your finances you can be sure that your credit score is where you want it to be. Building a good credit score can start early and if you are in college or you are a young adult, take control of your finances and of your credit score.

Start by understanding that you are going to need to be as responsible as possible with your checking or savings account and your debit and credit cards. Keeping up with your financial obligations may be difficult, but committing yourself to financial responsibility will ensure that your credit score will continue to grow higher.

If You Don’t Have Credit, Start Here

If you do not have any credit, start by getting yourself a credit card. Get a credit card that fits your needs and make your payments in a timely manner. You should try to pay off the credit card in full each month to ensure that you are not wasting too much money on interest payments. Although it can be tempting to spend money that you do not have, try to refrain from purchasing big items on your credit card when you know you do not have the money for them.

Stay Disciplined With Your Credit Cards

Using your credit for day to day expenses and then paying off the credit card at the end of the month is a great way to ensure that your credit card has a positive effect on your credit score. While you are using the credit card, you should understand that you will have ample opportunity to do damage to your credit score. It is important that you do not miss a payment. As you are applying for cards, make sure that you only apply for one card at one time. Applying for a high number of credit cards can be damaging to your credit.

After you have your credit card, you should only use anywhere from ten to thirty percent of the credit that you are allotted. Keeping your balance low and making regular payments will ensure that you are exhibiting responsible behavior with your credit card.

Diversify Your Credit

When you have had a credit card and you have established healthy and beneficial spending habits with your credit card, you may want to get another form of credit. Having more than one form of credit will help your score. Taking out an auto loan, a personal loan, a school loan or even a short term loan like a cash advance that you can pay off quickly is a great way to establish another line of credit.

When you are working on developing better credit it is also important that you are on top of it with your bills. You should be paying all of your bills on time. Although paying on time won’t do a whole lot to help increase your credit score, if your bill is sent to collections, you will see a negative effect on your score almost immediately.

Not staying current on your bills can be detrimental, but you may find that there are times when you just do not have enough money to pay your bills. If you should find yourself in this situation, do not be afraid to take out a payday loan. This loan will give you the money that you need to pay your bill quickly and then when you get paid you can pay back the loan. If you are going to pay back the loan quickly, you will be able to ensure that there is no negative effect on your credit.

A payday loan, when paid back quickly, can be your saving grace. You can avoid late fees, higher interest or even having a service cut off to your home by simply getting the payday loan and paying your bill on time. Taking advantage of this service when you are in need will ensure that you are able to keep your credit score in a desirable range.

Taking control of your finances and increasing your credit score can open up a lot of doors in your future. Do not be afraid to sit down and assess your financial situation so you can figure out how to make it better. With a little tweaking, you may find that you are able to make great leaps and bounds to ensure that you are going to have a credit score that is beneficial for you for years to come.

Credit Mistakes to Avoid

Many people in the United States today use credit cards almost daily. Similar to payday loans or cash advances, credit cards are cards used when you do not have the money to pay for whatever you are buying right at that moment.

Credit Cards, Friend or Foe?

Many people believe credit cards are a great resource, and they are, especially when used correctly. Most people are very grateful that credit cards exist when they do not have to have all the money right now for something they want to buy.

However, there are many people who see a lot of problems with credit cards. They believe that being able to buy things without physically having the money to buy those things usually only creates problems for people.

Indeed, credit cards do cause problems for many, many people. People get credit cards and then spend ridiculous amounts, thinking that somehow they’ll just pay it off later.

Many times, though, people cannot pay off their debts later. It may not seem like a big deal, but being late on payments really destroys your credit score.

The Importance of Credit Scores

Credit score may not seem important, but it is very important. When you are trying to take out a loan or do something significant financially, institutions will look at your credit score in great detail.

They will see that you have a history of making payments late, or not making at them. This will make them very wary of entering into any financial contract with you.

This is why, if you have a credit card, paying your payments on time is so crucial. Your credit score could really ruin your financial future.

There are several other mistakes you can make when you have a credit card. Many people do not even know about these mistakes, or that they are even mistakes.

Closing Accounts? Not So Fast.

One of the biggest mistakes you can make is to start closing down credit accounts. Many people do this when they are trying to improve their credit score and get out of debt.
When you cancel an account, everything may seem fine. But you may feel the repercussions of doing this 10 years or more down the road.

Basically, if you have any good credit associated with that account, you will lose it after 10 years if you cancel that account. Even if you have bad credit, it is still better to keep an account with good credit open so that it helps your credit score at least a little bit.

If you choose to cancel your account, you will lose whatever good credit was associated with that account after 10 years. The overall length of your credit history will decline greatly, and your credit score will most likely go down.

This is not good. The best way to avoid this is to not cancel your accounts, unless they are doing absolutely nothing for you.

Available Credit is a Good Thing!

One of the ways that the major credit bureaus calculate credit score is by asking how much of your credit do you actually use. If you use less of your credit, then your score will be higher.

There are times when you could cancel one or more of your accounts. You should probably cancel your account when you find another account that has a lower rate, or better rewards, than closing your account might be a good idea.

Here are a few guidelines to know when to close one of your accounts. Make sure that you don’t close the card that you’ve had the longest, or the card with the highest credit limits.
It also important to try not to close the card that has the lowest interest rate and fees. Keeping these cards open should help your credit score now and in the future.
Try to think about when you are closing your card as well. Some times are better than others to close a card.

Don’t close a card immediately before you apply for a loan. This will not be good for your credit score.

And it will most likely cost you in higher interest payments. Try not to close the card until after your loan is approved.

This is going to be the wisest and the best choice for you and your credit score. The next thing you will want to do is try to negotiate a higher credit limit on your remaining cards.
You will definitely want to be careful with doing this, though, because sometimes credit card companies do not do or accept this from their customers. If you are considering closing one of your accounts, you should try your hardest to pay off the remaining balances on your other cards.

This will help improve your credit score, despite the cancellation of a card.

The Importance of Monitoring Your Credit Score

In previous posts we’ve covered the importance of keeping track of your credit score, and even several tips on what you can do to improve your credit score. However, there are a lot of people that don’t realize how important it is to look through their credit score on a consistent basis and ensure that their credit is managed well.

When you are monitoring your credit score, you should understand that you will need to look closely at each account. As you are looking at each account, you want to make sure that it is something that you have actually started. Having identities stolen is something that is happening all too often, and if someone steals your identity you want to make sure that you find the account and shut it down.

Credit Scores and Identity Theft

If you are not looking into your credit score on a consistent basis, you should realize that someone could be spending money in your name. This can negatively affect your credit score and your credit score is something that will be of significant financial importance throughout your life. Having a damaged credit score can affect your ability to take out new lines of credit and it can even affect your ability to make big purchases like a home. You should make sure that your credit score is healthy and that you are monitoring it consistently.

So, you will want to start by understanding that there are three different companies that will have record of your credit score. Each year, you are allowed to get your credit score from these three institutions without having to pay any fee. Getting your credit score checked annually is a great way to ensure that you are staying on top of your score. When you get your credit score, you want to make sure that you are reading through it thoroughly.

Although it may not be an intriguing read, you should be sure that there are not accounts on the records that you do not recognize. Take the time that you need to scour each account and ensure you are happy with the score that has been reflected. Don’t be afraid to question your score if you find that it has dropped significantly in a year. When your financial situation has not changed, a drop in score can be a sound indicator of identity theft. It is important that you investigate exactly why your score has dropped and make sure that you understand the reasoning behind the score dropping before you move on.

Look Out For Your Children

As you are checking your credit score, you should also be sure that you are checking the credit score of your child. Although that may sound silly, there are many identity thieves that are using the name and information of children to ensure they are able to get away with using the account information for as long as possible. There are not a lot of parents that check their child’s credit score and because of this, they realize that they can get away with it for a longer amount of time.

If this all sounds a little too overwhelming for you, it is important that you know how you are going to monitor your score through another individual. Getting a credit monitoring service can be a lot easier than you would think. Talk to your bank about different options that they have. You will find that the majority of banks have an identity theft management branch that will monitor your credit score for you.

Understand What You’re Paying For

If you sign up for one of these services, you should understand exactly what you are paying for. Take time to read through the fine print of your contract and understand what you need to do to ensure that those working in your behalf have all of the information that they need. Don’t be afraid to ask as many questions as possible throughout the time you are learning about this service. You should feel very comfortable with the services that are being provided and feel comforted by the job that is being done.

Your credit sore and your identity are both very important. When you know that you are in complete control of these, you can be sure that you are on sound financial ground. But, if someone should take out a line of credit in your name it can have a monumentally bad effect on your credit score. Take time today to figure out how you are going to manage your credit score and ensure that you are the only person that is using your name to take out new lines of credit.

Common Credit Questions for Incoming Freshmen

The school year is just around the corner and that means that thousands of new freshman will be starting college all around the country. In addition to these young adults trying to figure out their class schedules they’ll also be trying to figure out their new life as an adult. One thing that most young adults ruin before they even fully understand it is credit scores, so in this post we’ll cover some of the basics that all adults should know regarding their credit score.

Most adults have a credit score. A credit score is how lending companies and other financial institutions receive information quickly about how reliable you are going to be if they lend you money.

If you have a good credit score, you are lucky. Many opportunities will be afforded to you that will be denied to other people.

Track Your Credit

If you don’t currently have a handle on your credit and your accounts, now is the time to start keeping track of those things. You may not always be able to hang on by the seat of your pants when it comes to your finances.

Unfortunately, many people are not aware of their credit score and barely even glance at their account statements. But it is important for all people to start making some financial goals so that they do not make any mistakes that are hard to undo.

Dont Stress

People don’t seem to realize that the state of your finances can really affect the rest of your life. For example, many divorces happen because money was such a big issue.

Arguments over money can come between relationships and marriage, and they often do. Financial stress can also cause problems at your job, or even cause problems with your health.

The key point here is that you need to be honest about your financial situation, or you will experience finance-related stress most likely very soon. Here are a few questions you can ask yourself when you are trying to sort out your finances and the state of your credit.

How Much Do You Owe?

The first question you should ask is how much you owe. If you do not know, you need to find out.
Even though it may be painful, difficult, or time consuming, you need to find out how much you owe. Finding out how much you owe is the first step in resolving your financial problems.

Although you may think your financial problems are unsolvable, this is not true. You have the power to change your financial situation.

As stated earlier, it will probably not be easy. If you are pretty far in debt, it may take quite a while to dig through all of your papers and financial documents so you can figure out how much you owe.

It is important to remember that debt not only includes debt from credit cards, but also includes debt from loans you may have, like personal, auto, or home loans. Many people tend to forget that these loans still count as debt.

Although these types of debt are more widely accepted as normal, they are still debts that you owe. You should try to sit down at least once a year and revisit all of your debts so you know how much you owe.

Make a Plan

Make a plan of how you’re going to pay back your debts. Making this plan very specific will be the best for you.
If you make your plan specific, you will be more likely to be motivated to pay off your debts. If your plan is not as specific, you may struggle to be able to pay them off.

You should also try to work towards paying off your highest interest accounts first such as credit card or short term loans. This makes the most sense because you are losing the most money by having those accounts open.

Whatever way you decide to pay off your debt, you should stick to that plan and watch your monthly payments slowly decrease. Another great way to get in control of your debt is to make sure your total debts are not over a certain amount of your income.

Most financial experts recommend that you do not get into debt that exceeds 36% of your monthly gross earnings. If you are already over the number or rapidly approaching, you should probably get some serious help with your debt problems.

Usually, people accrue debt because of other reasons besides money. They have some emotional attachment to buying things or they need the most expensive car in order to be perceived a certain way.

If you are finding that you think there are some underlying issues that fuel your problems with debt, you might want to go see a professional counselor or therapist as well as see a financial advisor. This will help you work out the practical and the emotional complexities of your problem.

Try to make sure you have a healthy mix of credit. This means that you have all different types of credit, like credit cards, auto loans, and mortgages.

Try to handle each kind of credit you have the best that you can and you should have an excellent credit score.

How to Fix Bad Credit

If you are one of the many individuals in America who is suffering from bad credit, do not be afraid. There is hope for you.

Many, many people struggle with the negative effects of bad credit. It is nothing to be ashamed of.
Once you realize that you have bad credit, however, it is important that you take steps in order to try to improve your credit score. If you just sit around and complain about how your score is bad, nothing is going to change and your score will not improve.

You have to try to improve your credit score and then hopefully you will see results. Fortunately, there are people who have gone before who have staked out what to do if you find yourself with bad credit.

Get a Credit Card to Improve Your Credit?

One of the first things you can do is to get a credit card if you don’t already have one. This may seem counter intuitive, but it can actually be helpful.

Many people have said that you have to have a good balance to have good scores, but this is purely a myth. But having and using a credit card wisely can definitely help you improve your scores.

If you don’t qualify for a regular credit card, you can usually obtain a secured credit card. A secured credit card is different than a prepaid credit card because a secured credit card is where the bank gives you credit to match the amount you deposit in the bank.

This may seem annoying and frustrating, but it is actually in your best interest to not have unlimited credit. If you have a bad credit score, then you probably haven’t been very wise with your credit in the past.

This secured credit card will help you get your spending under control. Another thing you can do to improve your credit score is to take out an installment loan.

Loans Can Help Build Credit

A good way to improve your credit score is to prove that you can handle loans and credit again. Installment loans include personal loans, car loans, mortgages, and student loans.

If you don’t need to have any of these loans, you could consider just taking out a small personal loan. This will help prove that you can handle paying back a loan.

However, it is important to remember that paying back your credit cards will help your credit score more than paying back your loans will. Therefore, paying back your credit card debt should be top priority when trying to improve your credit score.

Try to always have the goal of trying to completely pay off your credit card debt. It may seem impossible, but it is possible if you are determined and make a plan to pay it off.

It May Be Worth Hiring a Professional

You could even consider hiring a professional to help give you advice about how to better manage your finances and credit score. Although meeting with this professional will probably cost you money, the benefits will probably greatly outweigh the costs.

Try to get your balance below 30% of your credit limit. Getting your balance below 10% of your credit limit is ideal.

If you can get your balance to this place, then credit lenders will see that you can handle your credit card appropriately. It is a good idea to pay off the credit card that has a balance that is closest to its limit.
It may seem obvious, but throughout this whole process, it is important to try to minimize spending on your cards as much as possible. The less you spend, the better your score will be.

Lower Those Limits

Another thing you can do to try to improve your credit score is to decreasing your card limits to 30% of the current limit. If you can reduce it to 10% of the current limit, that is even more ideal.

Make sure to always know what your credit card limits are. Sometimes credit card lenders do not update credit card limits online, and so your score could go down if they’ve posted the incorrect limit.

Some credit cards do not have a preset limit, and so the lenders do not have to post a limit because technically a limit does not exist. This can be good and bad.

It is good because you virtually do not have a limit on your spending. It is bad because there really is a limit to your spending.

It is also bad because your credit score will definitely be affected negatively. Throughout this process of trying to decrease your credit score, it is important to not become discouraged.
It may seem like an impossible situation, but you can get help.

Your Credit Score and How it Effects Your Job

If you haven’t taken the time to think about your credit score in a while, you may want to re-think that decision. There are a lot of people that don’t see how their credit score directly affects them, but often time their credit score is affecting them more than they would like to believe. You may not even realize that your credit score, if it is bad, can prevent you from getting some jobs. The following is a list of jobs that you may miss out on if you are not taking time to care for your credit score.

First, there are a wide variety of states that will ask you to hand over your credit report if you want to be a mortgage professional. Throughout the last few years, there are many institutions that will not let an indebted individual provide financial advice and help to people in efforts to keep them from foreclosure and bankruptcy. If you are applying for licensure in this field, you may not be able to get the licenses that are required to be able to legally practice in this profession.

Second, if you want to be an accounting or financial professional it is important that you pay attention to your credit score and that you are willing to do all that you can to fix it if it is not high enough. When you are going to be handling other people’s money, it is really important that you have a good handle on your own money. Not only are people looking for the sense to be able to manage your money, but they also want to make sure that you have integrity with the debt that you go into. Going into responsible debt and ensuring that you are responsible with your finances is a good indicator that you will do the same with your clients.

Third, many people do not realize that they can be turned away by the military or even by the government if they have a bad credit report. The majority of local, state, and federal government positions will require a credit check take place before they will officially hire you.

So, now that you know that employers are looking at your credit report it is important that you understand what you are going to do about it. You should first make sure that you know what people are seeing when they look at your credit report. It is extremely important that you know what activity is being shown on your credit report. If someone has stolen your identity, you will be able to see the activity that has occurred in your name. So, when you look at your credit report if you do not recognize an account or you do not recognize specific activity, it is important that you get it taken care of as soon as possible.

If you find that you have a less than ideal credit score it is important that you start working on getting your credit score higher. Take the time that you need to communicate with any future employers about your credit score. If you can sit down and have a candid conversation about past decisions you made that you are attempting to remedy, you may not be disqualified from the job completely. Even though you may be able to explain yourself, it is important that you still work on getting your credit score back to a high number.

Start by getting rid of the debt that you are in. To get rid of your debt, it is extremely important that you understand how you are going to develop a budget and live by a budget. Your budget will need to be reasonable, but you have to understand that your budget may require you to change your lifestyle. Getting used to identifying what is necessary in your life and what is not necessary can be painful and difficult. When you are working on identifying what is necessary in your life, you will have to be very honest. You may have to make some uncomfortable lifestyle changes to ensure your extra money can go to paying off your debt quickly.

As you are paying off your debt, it is important that you understand that you will want to start by paying off your debt with the highest interest rate first such as credit card balances, short term or payday loans etc… This will ensure that you are going to be able to save money on the interest that you would have been paying had you paid off a lower interest rate before a higher interest rate.

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