47 Results for author: Get Your Policy

How Missing Payments Affect Your Credit

Missing loan payments can affect your credit in many ways. Here is the process of how late payments work: Late payments are reported on day 30, 60, 90, 120, 150, and 180, which are negative marks on your credit score. At this point, the account is charged off. A charge-off is another new negative mark on your credit. Once ... More

The Sneaky Truth Behind Pre-Approved Credit Card Offers

If you receive pre-approved credit card offers in the mail, you may be wondering where they come from. Keep in mind that receiving a preapproved credit card offer does not impact your credit score. So you’re safe there. But, accepting the offer will negatively affect your credit. So why you may be under the impression ... More

How Peer To Peer Loans Can Work With Bad Credit

Peer to peer lending is an online platform that allows you to borrow directly from an individual instead of from an institution. Peer to peer lending is growing in popularity because it’s a simple process that’s a win-win for borrowers who pay low interest rates and investors who earn high interest rates. You can ... More

Two Debt Repayment Strategies

Do you want to pay down your debt fast without going broke? Here are two strategies to try: •Debt avalanche: Here’s how the debt avalanche strategy work: You pick the debt with the highest interest rate and pay that one off first. From there, you work your way down to the next highest interest rate debt, then the next. ... More

Why Applying For A loan At A Credit Union Is A Good Option

Credit unions are similar to banks but are owned by their members. That’s why when applying for a loan they make a great option because they are nonprofit organizations that pass along earnings to members in the form of lower fees and higher customer service. If you need to find a credit union go to findacreditunion.com ... More

Why You May Be Getting A Flood Of Pre-Approved Loan Offers In The Mail

If you’re getting a bunch of pre-approved offers in your inbox, you may be wondering why. These companies simply ran some basic info about you and have guessed that you are likely able to pay it back. This doesn’t mean you automatically get the loan; you’ll have to take extra steps for that. But, it does mean you ... More

Why A Personal Loan May Be Good For Debt Consolidation

A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re willing to shop around. Benefits include: •One monthly payment •A set interest rate •You don’t need a perfect credit score During this process, it’s best to ... More

Getting A Collection Agency To Remove A Collection

It used to be the only way for a collection item to disappear from your credit report was to wait seven years from the date it was first reported. But, now you can do a little bit more. If you want an item removed from your credit report, you can contact the collection agency and ask them. You would ask for a “pay for ... More

How Payday Advances Can Fix Credit Card Debt

When you’re in credit card debt, you may be searching for a way to get out of it fast. The option of a payday loan might come to mind. The purpose of a payday lender is to offer a solution for short term emergencies. They aren’t meant to be a long-term fix for credit card debt. Why? In a nutshell, it’s because they are ... More

Figuring Out What Term Life Insurance Is

When you're deciding on life insurance coverage, you'll be choosing between term or permanent life insurance. Term life insurance will be for a set period of time, meaning that if you die in that time, then the money will go to your beneficiary. Once your term expires then you'll need to find a replacement. Image via ... More