Top 3 Bad Credit Fixes

A bad credit score can affect you in many insidious ways, especially down the line in the future. Missing payments, making late payments, borrowing too frequently: all these can cause your credit score to go down. This will make future borrowing either extremely expensive or maybe even downright impossible. However, there are steps you can take to improve your bad credit.

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3 Smart Tips for Improving Credit Ratings

Credit ratings are all important for those planning to apply for a home loan or some other type of loan. One’s credit history can be a major factor in having a loan approved or rejected. Those with blemishes on their credit history can use the following tips from the Economic Times to improve their credit rating and history.

Check Credit Report

Every credit-history repair begins with a credit-report check. The consumer should know what is on their credit history or report. Review the report for any errors, and make sure that any errors are rectified as soon as possible by contacting the credit agency directly.

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When is it Right to Get Credit Counseling?

Credit counselors work to help people fix their bad credit scores or help them make better and more calculated decisions, when it comes to handling their finances. Of course, credit counselors are paid for their professional advice so some might ask if getting credit counseling is right for them. The answer would actually depend on your situation. Below are some scenarios of when to get counseling and when to not. Continue reading


Top 10 Secrets to Obtaining Credit

Even though credit seems to be all around us these days, many people still have a difficult time getting their hands on some. Whether you have bad credit, no credit history, or can’t get credit for any other reason, the following tips will help you work the system so you can get the fast loan or credit card you need.

Tactical credit applications

The more times you apply for credit and don’t receive it, the harder it will be to get it at all. This is a downward spiral of credit application, and you can avoid it by using your best judgement about your chances of getting acceptance before you apply. If you know you’re not a good candidate for credit, go for the higher interest loans and credit cards right off the bat to prevent your situation from getting worse.

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Expanding Your Business With Credit

You may have thought your credit borrowing days were over when you first opened your business, but in many ways expanding your business is similar to those start-up days. If you are looking to grow your business, you may need to borrow money to get more working capital, either to finance additional expenditures or to finance a new building, assets or staff members.

There are a lot of expenses associated with expanding a business, but luckily there are also a lot of credit options that can give you relief. The following are just a few of the options available to you if you’re looking to grow your business on credit.

Business finance

Medium or small business finance borrowings are there to be used for the operation or acquisition of a business. To get this type of loan, you usually need to secure it by using a residential or commercial property as collateral, but in certain circumstances the lenders may allow you to borrow against the value of the business. How much you can receive, of course, depends on factors like your cash flow, how long your business has been operating, and so forth. The great thing about these types of business loans is that they are also tax deductible.

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