10 Ways to Raise Your Credit Score

A good credit score can be a very important factor for success. It shows lenders that you are a trustworthy borrower and that you will repay back your loans. Without a good credit score, you won’t be able to borrow a car, a house, or even start a new

A good credit score is considered something over 720 and an excellent score is around 780 – 800 and above. However, a credit score under 600 is considered poor.  Read more...

What is the criteria for a personal loan?

I have received numerous e-mails from readers asking about the eligibility criteria for a personal loan. There is no straight answer to this question as all financial institutions have different screening processes.  There are no two people alike, and the same thing happens to financial situations. The market offers an incredible variety of financial products and thousands of applicants apply for them every day, thousands of incredibly varied applicants. Is there any particular factor which might trigger a lender’s desire to fund a person’s project? You might be thinking that this question can easily be answered in two words: “good credit”. But that is not all, the percentage of loan applicants with good credit is lower than you might think. Before the credit bust, having a high credit score virtually guaranteed the applicant a loan. Nowadays, numerous other aspects, such as assets, employment, salary, and age are taken into account.  Read more...

Student Loan Tips and Secrets

Before taking out a student loan, it is a good idea for parents and students alike to read more about the benefits and disadvantages of each type of loan (whether personal, private, or government subsidized) in order to ensure a smooth transition after graduation.

Let us dissect the benefits and possible uses for each of the loans in order to help you narrow down your choices.

There are three types of student loans you can apply for: Federal, private, and personal student loans.  Read more...

7 Surefire Ways to Stay Poor

There are exceptions to every rule, but the majority of people out there are not doomed to be poor.  They are poor because they make common mistakes with their money and never quite get out of this destructive financial rut. Now as an economic recession looms, it is imperative that consumers identify trouble areas and climb out of this financial pit of poverty.  Read more...