When borrowing money, you will likely need to make a decision about whether to get a secured loan or an unsecured loan. But what’s the difference between these loans? What Is a Secured Loan? This is a loan that has collateral, something valuable is attached to the loan just in case you default on the loan, for instance, a car or a home. The bank or the lender will request you to provide the collateral […]
Most people on a journey to build wealth check their bank account balances daily. We even know the last coin in our wallets but we never give the same treatment to our credit scores. Just like your cash in hand or in the bank, your credit score is an important and integral part of your journey towards building wealth. There are so many people who are against using credit, and for a valid reason. Some […]
A recent survey shows that a person will stay committed to one credit card for years. In fact, 25 million consumers stick with their favorite credit cards for more than 10 years. Most consumers have never stopped to consider whether the credit card they are using is the right one. If you fall under this category of consumers, perhaps it is time to get a new credit card. If you want to improve your financial […]
Many people just know that a credit score is just a number, but they really do not know what that number really means. Credit scores play a crucial role in a consumer’s financial health. Many financial institutions use these credit scores generated by credit scoring companies like VantageScore along with other major and minor financial information to make a decision on whether to deny or approve a consumer for a loan and what terms to […]
People always get confused between business credit and personal credit. But the two have a common similarity in that when they are strong they could help you fetch better deals in the market, like help you qualify for lower insurance premiums or interest rates. If your business is new, however, you may not need a business loan right away, but at some point, you may do. A common worry for most business people is figuring […]
