According to Experian statistics, America’s total credit card debt is 1.05 trillion as of September 2022, and US citizens’ average credit card debt for the past quarter has been around $6000. You should have come across the terms inflation, great recession, and economic crisis multiple times over the past few years. In recovering from the […]
According to Experian’s consumer credit review, approximately 16% of Americans have a bad credit score. Bad credit is typically anywhere between 300-579. Using the trusted credit bureau Experian, TransUnion, or Equifax, you can check your credit score. If your credit score lies in the abovementioned range, you will likely be disqualified for loan approval. However, […]
Installment Loans – An Ultimate Guide 2022 Installment loans follow the process of letting borrowers pay off the loans in regularly scheduled payments. IBIS World says that the installment lenders industry’s market size is about 7 billion dollars. These statistics infer that these types of loans are highly preferred by people as they have the […]
600 Credit Score – Is This A Good Credit Score? 600 credit score falls under the fair credit score category of the credit scale. This means that, although your credit is less than perfect, you can still qualify for most loans and credit. Statistics from Upgrade points say that the average credit score for Americans […]
Paycheck Protection Program Round 3 – An Ultimate Guide The Paycheck Protection Program is a business loan program provided by Congress as the part of CoranaVirus Aid, Relief, and Economic Security Act. On Dec 27, 2020, the Consolidated Appropriations Act (CAA) was signed into law by then-President Donald Trump. This act was put into place […]
Debt Snowball – 3 Steps to Pay Off Your Debts Debt Snowball is a debt management strategy popularized by personal finance guru Dave Ramsey. Statistics say that the average amount of debt held by individual customers in the U.S will cost around 23,325 U.S. dollars in 2021. This survey clearly shows that a considerable number […]
Credit Repair Cost – What You Need to Know Credit Repair Cost and their worth are a topic of discussion among loan borrowers. Building a good impression in the loan provider’s view is the primary task of the loan borrowers because loan lenders will consider credit scores to determine the borrower’s creditworthiness. What if your […]
Are Personal Loans Worth It? Personal loans are a common choice for many people who wish to make a large purchase that they cannot afford or put on their credit cards. However, are personal loans worth it? Or should you find another way to fund your large purchase? Also read out what you need to […]
Credit Card Management- 8 Simple Steps Credit card management is the process of granting credit, or recovering credit when it is due. It ensures compliance with company credit policy along with other credit-related functions. The goal of the bank in controlling credit is to improve revenues and profit. It is done by increasing sales and […]
Student Loan Forgiveness Due To COVID-19 The COVID-19 epidemic has caused a great deal of uncertainty. Many people have lost their jobs or have seen reductions in their income. Read out this blog on student loan forgiveness due to COVID-19. Recent graduates are some of the hardest affected by this. Many companies have let go […]
Top 3 Tips to Qualify for a Mortgage If you’re gearing up to purchase your first home, or you’re looking to move out of your starter home and into a larger place, you may have questions about how to qualify for a mortgage. Mortgages are one of the most common types of loans. However, they’re […]
