For the vast majority, buying a property means applying to the bank for finance.
This means you need to have a decent credit score, otherwise the bank will refuse your application.
If your credit score is below par, what can you do to improve it?
Read on to find out…
If you want to buy a property, you need to know your credit score
If you’re serious about buying a property, ... ››› more
Are you trying to keep your credit clean? When it comes to maintaining a good credit score, there are certain mistakes that should be avoided.
Manage your credit by following these tips.
1. Create an emergency fund
If you don’t have an emergency fund, it’s time to start saving. Keep at least three months’ worth of savings in a special emergency fund, to use for unexpected situatio... ››› more
Are you worried because your credit score is unexpectedly low, yet you have no idea how it got that way? You may be guilty of having made certain mistakes along the way.
The following mistakes can negatively affect your credit score, so make sure you avoid them.
Mistake #1: Missed or late payments
Creditors will judge you on your ability to pay your bills on time. Missing even one paymen... ››› more
For the majority of people who invest in property, they'll need the bank's helping hand for financing it.
But did you know if you don't have a credit history, the chance of your bank approving your application are nil?
So how can you get a good credit rating?
Read on to find out…
The first step to securing financing for investing in property is your credit record
The first thin... ››› more
Many people are embarrassed to admit their credit card scores. Unfortunately, you can't improve your credit score overnight; it takes a few months to see actual results.
One of the basic rules for improving your credit score is keeping the debt-to-credit ratio below 30 percent.
Here are a few other strategies you can use to improve your credit score.
Check your credit report – this is ... ››› more
Are you too embarrassed to admit your credit score? There are certain ways to improve your credit score in time, as long as you are determined to change your spending habits.
Your credit score indicates your level of trustworthiness to potential lenders, banks, employers, landlords, or insurance companies. You should aim to have a higher credit score.
The first thing you can do is check your ... ››› more
Good credit is extremely important, especially if you want to get approved for a home.
Your credit score takes into account many factors and the bad financial habits you've developed over time could negatively affect it.
It doesn't take much to ruin a perfectly good credit. All you have to do is make a few mistakes along the way.
Here are three ways to ruin your credit score.
1. Ope... ››› more
Whether you want to buy a new car, purchase a new house, or attend an expensive college, you most probably need to obtain a loan from a bank or a private lender.
You can opt for secured or unsecured loans, depending on what the bank or lender offers you and on the amount of risk you are willing to take.
Secured loans are often the most affordable option if you're looking to borrow a larger a... ››› more
When you want to get a loan or a new credit, lenders will look at your credit report before deciding whether to approve the loan and how much interest to charge.
Your credit report is a detailed financial history, which includes information such as bills, missed payments, debts, available credit, and bankruptcies.
This type of information will remain on your credit report between seven and ... ››› more
Having a good credit score will definitely help make your life easier. Bad credit can seriously affect your financial reputation.
A good credit score will increase your chances of getting credit card and loan approvals and help you get low interest rates.
How can you keep a good credit score and an intact financial reputation? Here are some useful tips:
Tip #1: Make payments on time
... ››› more
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