If you’ve been carrying a large loan for some time, paying it off can be an exciting prospect. It can also be a bit of a shock if you find out that your loan payoff amount is more than what you thought you owed. The amount you need to pay off a loan may not …
Why Is My Loan Payoff Amount More Than What I Owe? What You Need to Know Read More »
Bankruptcy can crush your credit. If you went into bankruptcy with a good credit score you could lose over 200 points. If your credit is average you could drop 130 to 150 points. If your credit is already poor you’ll lose less. Rebuilding credit after bankruptcy takes planning and effort. Your credit will drop after …
14 Key Steps to Rebuilding Credit After Bankruptcy Read More »
If you have more debt than you can possibly pay, bankruptcy may be your best option. A bankruptcy filing can eliminate many debts and give you a fresh start. It’s not easy, though: bankruptcy will cost money and take time. Let’s look at how long it takes to file for bankruptcy. How long does bankruptcy …
A charge-off is poison for your credit score. It’s a serious negative entry on your credit report, and it can harm your chances of getting competitive deals on loans or credit cards. It could even make it hard to get approved at all. It’s not easy to get a charge-off removed from your credit report …
Payday loans are trouble. They are hard to pay back and the interest stacks up fast. Lenders will deposit your check or debit your bank account even if you don’t have the money, producing expensive overdraft fees. Payday loan forgiveness is unlikely: payday lenders are predators and they don’t forgive. Don’t expect payday loan forgiveness, …