Monthly Archives: November 2022

3 Tips On Debt Consolidation Loans For People With Bad Credit

3 Tips On Debt Consolidation Loans For People With Bad Credit Okay, so we know the economy could be better, and we also know that a lot of people are hurting financially. The sad part is that a lot of people are getting deeper and deeper into debt due to no fault of their own. Just because there are debt consolidation loans for people with bad credit doesn't mean the people who need them are bad. Digging your way out of debt isn't easy, and it can often seem hopeless, but realize that you can get out no matter how bad you may think things are right now. As you will see, there is some good news that you can use to improve your current financial situation. 1.

Is The Average American Credit Score Good Enough

Is The Average American Credit Score Good Enough With all of the talk about people facing financial difficulties, it's no surprise that they want to know what the average American credit score is, and how they compare to it. There are many reasons for wanting to know the average and where you stand. If your credit score is lower, then you may want to work on bringing that number up before you try to get a loan. On the other hand, if it's higher than average, you may want to get a loan right away, just in case your score were to go down. While it's true that most people are familiar with the idea of a credit score, far too few really understand how it works. The lowest possible credit score is 300 and a perfect score is 850.

Mortgage rates are lower than last year and may help you

Mortgage rates are lower than last year and may help you Mortgage rates are expected to keep dropping in anticipation of the Federal Reserve meeting in the last week of April, as a result of extremely low builder and buyer confidence in the market, and extremely weak housing starts. Everyone is betting that rates will be cut- yet again. This could be good news for people being squeezed by large mortgage payments looking to refinance, or for families who want to reduce their long term interest burden by moving into a shorter term mortgage. However, financial professionals need to be contacted to determine if the benefits of refinancing will override the costs. Often times, lenders require that points, which translate into dollars, be paid, before a loan can be refinanced. Sometimes, this may make any subsequent interest savings negligible, depending on the length of time required to pay off the loan entirely.