Why Bad Credit Loans Cost More

The moment you think about getting a loan, the first thing you should do is get your credit report from any of these three credit reporting agencies: Equifax®, TransUnion® and Experian®. You are entitled to one free copy from each agency every year, which gives you the benefit of comparing the reports and making sure there are no discrepancies in any one. Let’s talk about your FICO score. This score is generated by the credit bureau based on your credit information, which involves your income, savings, spending and debts. The…

How to Qualify For a Mortgage

Buying a house is a lengthy process that requires much time and all your attention. The first 6 weeks, which is the minimum amount of time it takes for a sale to go through, you are constantly running back and forth between the lender and your real estate agent to make sure that all documents are in order. Before, it was quite difficult for people to qualify for a loan. Most of the people were concerned with the initial cost that is required outside the mortgage scope and is needed…

Understanding Auto Financing: Direct Lending Vs. Dealership Financing

Your promotion and raise in your salary has finally given you the opportunity to own a car. However, with new car prices ranging between $33,000 and $25,000, it is difficult for you to afford one. Even used cars start from $20,000. According to Finder, last year, Americans racked up $568.6 billion in car loans. Today, the interest rate on auto loans is 4.21% on monthly payments for 60 months. The good news is, when it comes to financing a car, you have two options: you can either buy a car…