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Having poor – or nonexistent – credit history can be a big problem when you apply for a loan, an apartment, a credit card, or even a job. Because many people struggle with this issue, the government is stepping in to offer advice on building, improving, and protecting credit history.
At the beginning of the year, many people make resolutions about getting in shape. Starting diets, doing yoga, and going to the gym are the prevailing trends as a new year begins. However, this year those resolutions have been edged out in popularity by a different goal: getting finances in shape.
There’s been a lot of talk lately about how Millennials are dealing with their finances more responsibly than previous generations – avoiding debt, checking their credit scores, and even saving for homes. But for young people who don’t have great credit and live paycheck-to-paycheck, it’s a different story.
For folks who struggle with money, being approved for a credit card has long proved a challenge. And now a new study shows that 72% of Americans with nonprime credit scores are unable to charge $500 to a credit card in case of emergency.
When you are looking for a new way to financing, you might want to consider a personal loan instead of a credit card. Personal loan can be an inexpensive way to consolidate debts, cover an emergency or to build some credit. The reason these loans are popular among consumers is that loan terms and rates are low, the application process is relatively quick and easy and the borrower doesn’t have to put anything in pledge.
Getting rejected for a credit card is always frustrating especially if you are on hard times. However, many banks have a credit card application reconsideration line you can call to talk out your case.
Walmart, the America’s largest retailer, and Green Dot Corp. announced the rollout of GoBank, a checking account product available to almost anyone over 18 who passes an ID check. The accounts will be available nationwide by the end of October.
A lot of people are using credit cards nowadays. Ones find credit cards necessary to build credit history. The others cannot imagine their lives without credit cards. Many things like renting a car, booking a hotel room and even every day purchases are thought next to impossible without a valid credit card. But what to […]