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Recent Posts
5 Things In Your Credit Report You’ve Got To Know About
How much do you know about what’s in your credit report? Many people may be …Read More »
Key To Raising Your Credit Score Using Credit History
Believe it or not, credit history has a huge impact on your overall credit score. …Read More »
How Length Of Credit History Affects Your Score
The amount of time you’ve had credit makes a difference in your credit score. In …Read More »
Dead End Loans, You’ve Got To Avoid: Part 3
in Loans/by New Opportunity ProviderIn Dead End Loans You’ve Got To Avoid: Part 1 and Part 2, you had a chance to see the bad side effects of pay day loans, car title loans, credit card cash advances, casino loans and pawn shop loans. In part 3 we are going to cover other kinds of loans that may end up leaving you worse than where you started.
Avoiding the loan types listed in this three part series is the most ideal way of protecting yourself from getting into a financial nightmare.
Dead End Loans You’ve Got To Avoid: Part 2
in Loans/by New Opportunity ProviderFinancial binds can trap anyone, but before you go out looking for a loan there are some options you may never want to consider. In Dead End Loans You’ve Got To Avoid: Part 1, we covered payday loans, car title loans and tax preparer loans. Now in part 2 we are going to cover some other kinds of loans you may want to avoid.
In Dead End Loans You’ve Got To Avoid: Part 3, you’ll see other financial instruments that you’d be better off staying away from.
Dead End Loans You’ve Got To Avoid: Part 1
in Loans/by New Opportunity ProviderA tight financial bind usually pushes people into making desperate financial decisions. Those decisions usually show up in the form of loans. While not every loan is bad, some loans should be avoided at all costs. In part one of Dead End Loans You’ve Got To Avoid, you will see three kinds of loans that could leave you in a worst off position than where you started.
Check out part two where you’ll get to see three other dead end loan types you should avoid.
Is Someone Using Your Child’s Credit?
in Credit Scores/by New Opportunity ProviderThough they may be too young to have a credit score, parents should be proactive about checking their child’s credit report. Kids can easily become victims of identity theft and if not monitored, the scam against them can go on for years before anyone ever notices it.
One red flag to look out for would come in your mailbox. If your child gets pre-approved credit offers coming in their name, this may be a sign that someone is using their credit.
Keep track of their credit report by monitoring it through the three major credit reporting agencies. Call them up and ask to check if your child has a credit report. If your child doesn’t that’s good and you shouldn’t have to worry. Don’t do it just once. Keep track of it every year or so.
In some states, you can freeze your child’s credit report, but it can be a little complicated since you have to have a report in order to freeze it. Be careful with this option as well because you’ll be given a special number that would be used to unlock the freeze. If you lose it, it could delay the process of removing the freeze. For more information on how to protect your child’s credit, read here.
Best Lowest Interest Rate Credit Cards
in Credit Cards/by New Opportunity ProviderEveryone wants a low interest rate credit card. Unfortunately, everyone won’t qualify for one. If you want to try your luck and apply for one anyway, here are the best credit cards offered in America this month, according to Credit.com. Even though the better your credit, the stronger your chances are of being approved for these sweet deals, you still may be able to squeeze through the door with less than perfect credit. Keep in mind that if that’s the case your rate won’t be as great as someone with perfect credit. Here are the top two credit cards this month:
#1 – Simmons Bank Via Platinum
This card offers extremely low interest rates with the cash advance rate at 11.25%. Cardholders get to view the card’s financial performance and vote on rates, fees and benefits.
#2 – PenFed Promise
This card has a very low interest rate with no fees. Rates for cash advances run as low as 7.99%. There are no annual fees. Plus, you can earn a $100 statement credit as a new holder when you spend $1500 inside the first 90 days.
What Is Your Credit Card Terms & Conditions Really Saying
in Credit Cards/by New Opportunity ProviderWhen you’re ready to apply for a new credit card, keep in mind the terms and conditions. Read through them carefully. By doing so, you ensure that you are aware of all the following:
Introductory rates – These are rates offered by the company and will go up after the introductory period is over.
Annual fees – These are fees charged by the company each year for using the credit card. It is not the same as the interest rate.
Overseas transaction fees – These are additional fees charged if you use your credit card out of the country. This is important if you travel abroad often.
Details of any 0% APR – This is their guarantee that they won’t charge interest on anything you buy for a certain period of time.
Balance transfer fees – This is when you pay off the existing balance on a card by transferring it to another card.
Miscellaneous – These are any other things you should be aware of. Every company is different, so pay attention to details.