Category: General - Part 4

What Your Fico Score Means?

Credit score (Fico Score) is a system for assessing the creditworthiness of a financial services’ consumer. It affects any application that is submitted for various types of loans: from loans for the purchase of goods, real estate to credit cards. How is the borrower identified? In the United States, the Social Security Number (SSN) is…

Credit Cards vs Personal Loans – Best Major Expense

Before deciding what is best to take, personal loan or credit card, you should understand the specifics of these products. They have similarities and differences. The common thing for a loan and a credit card is that in both cases money is borrowed from the bank for a certain period of time at interest. There…

How to Make a Budget: Step-By-Step Guide

If your expenses exceed your income, you need to change your personal habits and patch up “holes” in the budget. We have written 15 steps that will help you understand to increase your income and learn how to control your finances. 1. Start keeping a budget Start from scratch – start a budget. Find out…

The Guide to Credit Scores for Beginners

A personal credit score is the quintessence of credit history. History is a set of information about a person’s credit behavior and the fulfillment of their obligations. A score is a numerical indicator of the borrower’s integrity, calculated on the basis of this information. A credit score is a number with a value from 300…

Personal Loans for Wedding – Bills to Pay

Wedding loans are becoming more and more widespread in the world. Thus, the analytical agencies calculated that in the period from 2017 to 2018, the volume of loans issued to cover wedding bills in the United States increased by 144%. The average size of personal loans for bills was $ 10,000. At the same time,…

Is It Harder to Get Credit Now Than a Year Ago?

Possibility, soon it will be difficult to get a loan from a bank. Let’s look at this question in detail. More recently, conversations on the topic of the population’s debt burden were very relevant. Many people succumbed to the temptation to get several loans at once without really understanding how credit organizations work. As a…

Some Details About Credit Score in the USA

The modern American market and the entire modern American economy would not have developed if a way had not been invented to manage credit information about a borrower and, if necessary, provide it to a potential lander. Moreover, not only financial institutions or banks, but also homeowners, phone, Internet companies and many other services where…

How to Build Your Credit Score?

If the bank rejects your loan application because of your bad credit history, do not despair! You just need to know how to fix the situation. The main thing is to distinguish between your own legitimate opportunities for correction and suggestions for removing unwanted records, which sometimes come from dishonest “assistants”. In the latter case,…

Personal Loans For Medical Bills

If you are making up your mind to get a personal loan, this can be a difficult time for you. The need for a personal loan arises at different times. Perhaps you are in good financial position and can afford the monthly payments on a personal loan. There is another side to the need for…