Types of Credit and how they Impact your Credit Score

Types of Credit and how they Impact your Credit Score

Types
Having a poor credit score may not be the end of the world for you--but it certainly limits your future endeavors when it comes to bigger purchases. Unless you are sitting on a big mountain of cash, the most often sought after approach to buy a home or your first car is, take out a loan. Which brings us to credit. What is it? How does it impact you for the better and for the worse? What types of credit are there and what is a good score to have? These questions and more will be answered in this article, so you have a better understanding in how certain types of credit can impact your credit score and more importantly--your future. Credit 101: What Is It? When the haves gives…
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Tips for Using Payday Loans

Tips for Using Payday Loans

Tips
Misusing money is one of the problems people have especially when they have a lump sum. A lot of people have applied for loans to solve unexpected occurrence only to divert the loan to other uses. This is wrong and it is caused by a number of factors such as lack of planning, lack or poor financial advice etc. If you are considering taking a payday loan to solve a financial emergency you are having, you need to consider the following tips to avoid making mistakes. 1. What is your payday for? This should be the first thing to consider before applying for a loan because you may end up accruing high-interest levels. If you are not careful, you may end up paying up to 400% interest on a two…
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