Category Archives: Debt Management

Will Student Loans Lower My Credit Score?

By Amy Jhn Because of the rising cost of tuition, more and more students are forced to apply for student loans to pay for tuition fees and other school necessities. Getting loans while they're still getting their degrees teaches students the value of credit and the value of hard work. Other students stay away from loans because they usually say, "Taking on a student loan will be negative for my credit report." Or "Taking on a student loan will affect my credit score." Loans can be a nightmare for many students especially if they don't do proper research before applying. Loans having a negative effect on your credit are one of those credit myths that affect the

Debt Consolidation Loans With Bad Credit

Debt Consolidation Loans With Bad Credit: 3 Ways They Can Improve Your Financial Position
By  As debt mounts, the pressure to repay them increases dramatically. But while the simple solution is obvious, the reality is that the ability to pay lessens as debts rise. The most practical solution? A consolidation loan, with bad credit borrowers getting the funds needed to clear their debts in one go. Of course, there are other ways to get rid of debt, but not all of them have a positive outcome. Filing for bankruptcy, for example, can see

Military Loans With Bad Credit

Applicants For Military Loans With Bad Credit: What Options Are There?
By Even for those of us with excellent job security, a bad credit history is something that many lenders want to know about. Military members have arguably the best job security of all, since they are employed by the US government, but they can suffer poor credit ratings if they live outside their means. The result? They must apply for military loans with bad credit. The good news for them is that job security alone makes the

Getting Unsecured Personal Loans With Bad Credit Can Restore Your Credit Status

Getting Unsecured Personal Loans With Bad Credit Can Restore Your Credit Status
By It might seem unlikely, but even bad credit borrowers can use borrowing to improve their financial situation. It is simply a matter of finding a loan deal that is affordable and practical. Admittedly, when seeking unsecured personal loans with bad credit, the task is more difficult - but not impossible. It is often forgotten that lenders cannot make a profit by rejecting loan applications. So, the idea of getting loan approval with no security should not be alien to any of us. However, what

6 Credit Card Tips for First-Time Credit Card Holders

6 Tips for First-Time Credit Cardholders
By Following are excellent credit card tips, pointers, and suggestions that will help you succeed in managing your very first credit card account in the most responsible way. Credit Card Tips - 1: Always settle your credit card charges in full. Did you know that submitting just the minimum amount due to your card issuer can actually cause your interest charges to balloon out? That's why we constantly remind first-time cardholders, like you, to pay their balance in full, each month. That way, you cannot only avoid making extra payments on interest. More importantly, you can also build and eventually maintain a solid personal credit profile.We also encourage

Debt Management and Credit Counseling in Eliminating Your Debt Problems

The Importance of Debt Management and Credit Counseling in Eliminating Your Debt Problems
By Debt management is important because it can be an alternative solution to problems, especially if you find yourself heading for big financial trouble. A good debt management plan can mean reduced monthly amortizations that lending facilities are willing to accept. There are credit management experts who can negotiate with your creditors to modify repayment terms to stop additional interest charges. A reputable credit counseling service can be very helpful in implementing a successful debt management plan. Unique Features of the Debt Management Plan Debt