Stephen Leifer - Wednesday, September 20, 2017
Saving money and budgeting usually go hand in hand. Both are often difficult for even the most disciplined of people. However, setting up some guidelines can help make the process easier.
Cut Your Check in Half
A good rule of thumb is to use only half of your paycheck for necessities. These essentials may vary by household, but some common items to include are:
Debt rep ..
Stephen Leifer - Wednesday, September 13, 2017
Your credit score has a dramatic impact on many aspects of your life. , Your credit scores dictate what credit you are eligible to receive and at what interest rate you will pay for that credit. Due to the importance of your credit profile and scores, it is critical to safeguard. Here are a few tips to accomplish this:
Monitor Your Credit
It is important to periodically check your credit reports. This can help you find errors and more quickly detect and solve a p ..
Stephen Leifer - Friday, August 18, 2017
Student loan debt is a challenge for many young adults. Not only can it be difficult to make payments when you are just out of college and looking for a job, it can continue to weigh on your budget even after you are earning a steady income.
Paying off your debt is the best way to prevent problems, but there are a few other things you can do to help your cause:
Do not Wait Until the Grace Period Expires
Everyone with a student loan is given a grace period after ..
Stephen Leifer - Friday, August 11, 2017
It does not matter what type of loan you are seeking, there are a few things you can do to improve your chances for approval. Your work starts before you fill out a single loan application. Here is what to do:
Review Your Credit Report
Loan candidates are judged by their credit scores. Your credit report will be reviewed by the people determining whether or not you are eligible for the loan you are seeking. Also, if you are approved, the interest rate will also be determi ..
Stephen Leifer - Wednesday, July 26, 2017
New improved standards for using public records became effective in July 2017 for credit reporting companies. The new changes will result in the increase of many individuals’ credit scores, some as much as 20 points. The major changes are based on excluding information related to tax liens and civil judgments on consumer’s credit reports. About seven percent of the American population will benefit from the changes.
Having a higher credit score can result in a number of pos ..
Stephen Leifer - Wednesday, July 19, 2017
Behavior patterns and financial decisions related to the use of your credit cards can have negative consequences to your credit status. Mistakes that may cause a significant lowering of your credit scores include:
Making Late Payments
Making late payments (30 days or more) will cause significant damage to a person’s credit. Lenders see this action as an indication of poor money management or that a person has too much credit available to them based ..
Stephen Leifer - Friday, June 30, 2017
Good credit opens doors in the financial world – including doors to purchasing a new vehicle – but what do you do if your credit is shot and you need a new car? It is possible to buy a new vehicle even if you have bad credit, but you need to do the following to make it work:
Before shopping, check your credit score. It might be better than you think – but it could also be worse. Either way, try not to get too emotional. You want to know what you are dealing wit ..
Stephen Leifer - Friday, March 17, 2017
Student loans can be a good way to pay for higher education. For some people they are a necessity. Here are three things you should know before signing on the dotted line for your student loan:
Public and Private Loans are Different
You can accept both public and private loans to pay for college. Public or federal loan are issued by the government, have interest rates that are set by congress, and offer a variety of benefits as well as shortcomings. They are non-dis-c ..
Stephen Leifer - Friday, March 10, 2017
Student loans are often the first thing that appears on a person’s credit history. Despite having to make installment payments, these type of loans usually do not hold the same value as credit card, vehicle, or other loans when it comes to establishing credit. However, the amount owed on your student loan does have an impact on your credit score – and since student loans are often tens of thousands of dollars, the effects can be devastating. Your loan can help you build credi ..
Stephen Leifer - Wednesday, February 22, 2017
Buying a home is frustrating enough, but it can be downright demoralizing if you have bad credit. The good news is it is possible to get a mortgage, even if your credit history is less than perfect. Here are a few tips: Traditional banks rarely offer mortgages to those with bad credit, but you can find sub-prime lenders that extend credit for mortgages, as long as you are willing to pay higher interest and/or fees. This is not the best option because many find themselves overextended in ..