Direct Loans provided by the Department of Educations is a Federal Student Aid, (also referred to as FSA) program. Applying for Direct Loans is a simple process. To apply for a Direct Loan students only need to complete one application, the FAFSA (Free Application for Federal Student Aid). As a student you do not to … Continue reading Direct Loans for Students
Category: Debt & Credit
Understanding debt and credit is crucial for maintaining good financial health, and seeking help if necessary is important. By following practical tips and advice, and managing debt and building credit through responsible financial practices, individuals can improve their financial standing and achieve their goals.
Applying for Student Loans
The cost of college is devastating to most families. According to The College Board for inner state residence to attend a 4 year college, the average tuition has been rising dramatically. Luckily, parents and students can apply for financial assistance or student loans. The only problem is that there are so many different types of … Continue reading Applying for Student Loans
What Zero Percent Financing Really Means
We’ve all seen the ads – 0% interest and zero payments for an entire year! It all sounds so good. You get to buy and have something right now and not have to make a single payment for many, many months. If you have been considering such an offer, hopefully, you have also read the … Continue reading What Zero Percent Financing Really Means
The Fair Credit Reporting Act
Today, Americans borrow more than ever before. The consumer debt mountain stands at literally trillions of dollars. The systems are getting ever more complex and interconnected. Bills are automated and accurate and there is no scope for negotiations. In many cases it can be very difficult to even get in contact with a credit company. … Continue reading The Fair Credit Reporting Act
What’s your Credit Score?
Unless you have the available cash, you will be financing your real estate purchase. That means applying and qualifying for a mortgage loan. In doing so, you will undoubtedly be faced with the realities of your credit score. But what is a credit score and what part does it play in your mortgage loan process? Here are the answers … Continue reading What’s your Credit Score?
Credit Repair: Crafting a Letter For Improved Credit
First face the facts. You missed payments or made late payments to the credit card company. You need a loan now or will want one in the future but your credit report doesn’t show that you are the best risk for a potential lender. So what to do? You could try to bury your head … Continue reading Credit Repair: Crafting a Letter For Improved Credit
Six Steps to Fixing Errors on your Credit Report
If you’ve recently applied for credit or a loan and have been denied, do you know why? It might be worth taking a look at your credit report to see just what potential lenders are going to find on your report. In fact, you are entitled to a free credit report within 60 days if … Continue reading Six Steps to Fixing Errors on your Credit Report
Credit Reporting Agencies
Anyone applying for a credit card, car loan or mortgage knows that you are required to give a great deal of personal information including your name, address, and even your Social Security number. This information is not just for the lender, but is passed along to the credit reporting agencies so that they can let … Continue reading Credit Reporting Agencies
5 Ways to Repair your Bad Credit Rating
Whether you’re in debt because you’ve overspent on your credit cards, or because you’ve taken out too many loans to fund your consumer spending lifestyle, the time has now come to accept the cold harsh reality of what you’ve done: you’ve spent more than you’ve earned! But, don’t beat yourself up over this too much, … Continue reading 5 Ways to Repair your Bad Credit Rating
The Credit Report
A credit report is a record of your debt paying history. This includes your history paying credit cards, mortgage loans, student loans, car loans, department store credit cards, etc. The credit reports are compiled by companies called credit bureaus. The credit bureaus write your report based on information they get from companies that gave you credit in … Continue reading The Credit Report
Finding the Best Credit Card Offer
Credit card debt is at an all-time high, and more people than ever are burdened with more debt than they can possibly repay in a reasonable amount of time. While part of this is due to simple overspending, part of it is due to the fact that credit card debt carries some of the highest … Continue reading Finding the Best Credit Card Offer
Using Credit Cards — Advantages and Disadvantages
Credit cards are a great concept but they end up bringing financial ruin to many people because they do not use them properly. Too many people get a credit card and then find that it is maxed out within twelve months. Then for the rest of its existence they end up paying off interest and barely making … Continue reading Using Credit Cards — Advantages and Disadvantages
