Why Finance Your Auto Purchase?

The basic math of financing your vehicle purchase versus buying the vehicle outright isn’t as simple as looking at the cash price and adding on the interest payments that come with financing. Saving up and paying in cash can be a good option for some, but financing is frequently an easier choice that leads to … Read more Why Finance Your Auto Purchase?

Life Insurance for Loans is a Good Thing

Protect your loan – Protect your future Taking out a loan for a car doesn’t mean placing a burden on yourself. Sometimes it is simply the best option on the table. But in the event of tragedy, such loans can place an unnecessary burden on your estate. Committing yourself to making regular car payments is … Read more Life Insurance for Loans is a Good Thing

How Do I Rebuild My Credit? We Tell You How!

bad-credit

So your credit is bad. It’s not the end of the Mayan calendar.

Rebuilding your credit can seem difficult some times, but it all starts with establishing new patterns in your credit habits. As the saying goes, “it takes credit to make credit.” (Or something like that.) Bad credit can make it tough?or impossible?to obtain a regular bank credit card. But there are still options, and getting a new credit card is a vital step in your credit makeover.

First Steps in Credit Makeover

One consideration might be a secured credit card. Secured credit cards typically allow you to borrow up to the amount of money in your bank account, a guarantee to the credit card company that you’ll be able to pay off your charged purchases. Look for cards with low annual fees and no application fees, and some also offer the possibility for converting your card into an unsecured card in the future.

If not, the next step is to seek out an unsecured card from another source, like department stores, which typically offer easier qualification for credit. Demonstrating the ability to pay off those cards will give you the opportunity to be accepted for a regular bank credit card soon after that.

MORE AFTER THE JUMP

Read moreHow Do I Rebuild My Credit? We Tell You How!