What Is a Bad Credit Score?

Even if we don’t see it or think about it often, a credit score is an essential part of our lives. It’s a very important financial measure as it is used by a variety of businesses to assess the risk you pose. Lenders use this score to decide whether to give a loan and what terms to offer. A bad credit score could result in much higher interest rates. Utility or mobile phone companies may use your score to decide what kind of deposit will be required when doing business with you. Landlords may use credit scores when deciding whether or not to rent to someone, and employers sometimes check the credit history of job applicants.

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12 Smart Ways to Spend Your Tax Return

Are you getting a tax refund this year? Before you spend your return on a new shiny object, pause and take a moment to understand there might be better ways to spend your tax return. Your tax return can be a great opportunity to make a smart investment in your life. In fact, there are many smart ways that you can spend your tax return. You might thank yourself later by not blowing your return on indulgences, like a new cell phone or big screen television.

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Why Did My Credit Score Go Down?

Have you recently checked your credit score and noticed it had gone down? Don't be worried or frustrated. Credit scores fluctuate both up and down on a regular basis. Changes by a couple of points is no big deal. However, a significant drop or a downward trend might be something to check to discover what happened and why. Let's look at a number of potential explanations.

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Can One Late Payment Affect Your Credit?

Have you missed a payment, made a late payment, or made a payment less than the amount owed to a creditor or lender in the past? A missed or late payment may be a big deal as it could negatively affect your credit score. Your creditors/lenders most likely won't show up knocking at your door looking for that missed payment, but they could report this action to the credit bureaus.

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How To Reduce Financial Stress Around Christmas

The holidays are supposed to be the most joyous time of the year. Sadly, many people ruin their holidays by creating their own financial stress.

The good news is that there are several ways to reduce your financial stress during the holiday. By following some simple, common-sense steps, you can greatly reduce or even eliminate any financial stress during the holidays.

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Tips to Help Recover Financially After the Coronavirus

Let the COVID-19 pandemic, commonly known as the coronavirus, serve as a lesson -- a difficult but important one. After hunkering down at home during this pandemic, COVID-19 has taken more than just a physical toll on the country and each one of us individually; it may have taken a financial toll as well. Let’s look at tools to help recover financially after the coronavirus.

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8 Practical Ways to Control and Reduce Spending

Overspending: it's easy to do if you're living paycheck to paycheck where one extra emergency expense may send your financial situation over the edge. All solid financial plans involve methods for controlling and reducing spending. These less obvious, yet practical ideas may help reduce your monthly expenses.

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How to Recover from a Rejected Loan Application

If you've applied for a loan and it has been turned down, not only can this put a stop to the money you needed, it might also be an indication that your credit score isn’t as good as you thought. This might preclude you from getting a loan now or in the future.

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7 Financial Tips for Newlyweds

Marriage is an investment in each other. You will make many decisions together throughout your marriage. The toughest decisions typically revolve around money. Are you a saver? A spender? How and where should you spend it? You might be surprised to learn your beloved has very different ideas about money than you. Unfortunately, financial issues are among the top reasons why marriages fail. According to a 2017 survey by Ramsey Solutions, couples who declare they have a “great” marriage are almost twice as likely to talk about money on a regular basis compared to those who say their marriage is only “okay” or “in crisis.”

There are a few things about money and financial goals you and your loved one should discuss to make sure you’re both on the same page before taking the plunge.

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9 Easy Financial Spring Cleaning Tips

As the weather starts getting warmer it’s a reminder that spring is right around the corner.  It’s time to start focusing on spring cleaning around your house and tossing out the old and unused, keeping what’s important and cleaning items you’ve avoided all winter.  It’s also a great time to start thinking about your financial spring cleaning and dusting off your financial documents too. 

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