Posts Tagged“personal finance”

The Basic Criteria for Taking out a Loan

Financial setbacks are uncalled for, but there comes a time in everyone’s life where they require finances to follow their dreams, pursue a business plan or overcome dents. The reason behind securing a loan may vary from person to person. For some, it may be to help them climb out of rock bottom, whereas for others it may be what they need to start their career. Individuals can now apply for a loan that serves their needs best. A business loan, auto loan, house loan, etc. are just a few examples of loans that can be applied for as per…

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Reasons to Start Saving Money While in College

If you are in college, saving money may be a foreign concept to you. Unless you are planning a road trip or have fraternity dues to pay, most cash gets spent not long after you get paid. However, there are plenty of reasons why you should learn how to become financially literate. In the article below, we’ll show you how stockpiling your cash can lead to a brighter future. Cash on hand = more fun During the school year, money will pass through your hands like water. Books, tuition, crazy Friday nights – these are all expenses that can add…

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Purchasing a Home? Easy Money Savings Tips for a Down Payment

Saving money for a home purchase may sound challenging, especially if you’re on a tight budget. But with some thought and careful planning, you’ll find there are a number of ways you can put money away and take advantage of the low interest rates. Assistance Programs The housing market has seen some fluctuations in the past. But with a strong job market, low interest rates and voluminous inventory, you can probably find a loan program that suits your needs, even if you have bad credit. If you’re buying a home for the first time, and you don’t have the funds…

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Understanding Forbearance Agreements and Their Impact on Your Mortgage

Financial specialists like Stephen Buzzi often come across people who believe a forbearance agreement and a mortgage modification to be one of the same thing. However, this isn’t entirely true. Essentially, when someone enters into a forbearance agreement, they can miss a monthly payment, or pay less towards their monthly payments, for a period of time agreed with their lender. The penalties and unpaid interests are then added to the loan principal. By allowing this, a mortgage provider enables a homeowner to recover from a financial difficulty. To be accepted, most will require to complete a forbearance form, which can…

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Innovative Solutions to Financing Dilemmas

According to Pew Research Data between 2000 and 2015, the denial rates among different demographics have decreased, but the groups with the highest denial rates in 2015 have not changed since 2000. Back then, 44.6% of African-Americans were denied home mortgages, 31.4% of Hispanics were denied, and 22.3% of Caucasians were denied. Fast-forward 15 years, and the numbers are more encouraging, but equally disturbing. By 2015, 27.4% of African-American mortgage applications were denied, 19.2% of Hispanic mortgage applications were denied, and 10.9% of Caucasian applications were denied. The metric used to evaluate the change in Asian denials was only activated…

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4 Red Flags and Warning Signs of a Bad Lawyer

The more options you, the better it is – they say. Truth is, making the right choice is more difficult when you have an abundance of options. The challenge remains the same when it comes to finding trusted and reliable lawyers like Prime Lawyers, who will demonstrate commitment and take responsibility, ethically, while presenting your case before the Court. With every passing year more and more people are pouring in the field of legal practicing and not all of them are equally skilled or follow the ethical ways while dealing with clients. This is why it is a matter of…

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The Pros and Cons of Debt Consolidation

Debt isn’t something that a lot of us like to talk about, but it’s something that needs to be discussed in order to be eliminated. If you have found yourself in a surmountable amount of debt don’t panic! There are a wide variety of tools and options that are available to you when it comes to realizing your dream of being debt free. From student loans to mortgages and everything in-between, not to mention astronomical APR rates, it’s easier than many of us think for debts to start piling up faster than we can pay them off. Debt consolidation is…

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Shrug The Chains Of Debt Through Loan Consolidation

Managing Your Debt There are a lot of reasons you could accrue massive debt. Sometimes getting debt can be defined by certain financiers as a good thing, oftentimes it is not. But whatever has caused your current debt situation, you should know that you can dig your way out of it. Sometimes getting out of it will be hard, but there are options. For one thing, certain regions offer loan-forgiveness—but regarding that; being eligible for such a situation is going to be unlikely. Another possible, but unlikely, scenario is deigning to the crowd for remuneration. Certain communities may sympathize with…

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Choosing Your First Credit Card

So what is credit and why is it important to you? Credit is defined as confidence in a purchaser’s ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment. There are so many reasons to think ahead about good credit and bad credit. As well as how they both impact your future. It is good to understand that good credit does not just accumulate magically and you need to pave your own road of credit by making good decisions with money that is lent to you. How Does Credit Impact You Credit impacts…

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Funeral plans: A sudden surge in pre-planning

There are some topics in life that many of us wish to avoid and if we were to draw on a couple of clichés two of life’s certainties would definitely pop up at this stage; death and taxes. Well, as the title has probably all but given away, we’re going to hone in on the former today. That’s right, let’s talk about death, or specifically what happens immediately afterwards. Once upon a time it wasn’t nearly as significant as it was now. We’re not talking about the process of dying, but rather the immediate funeral afterwards. Funeral costs were relatively…

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