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How To Survive And Overcome Bad Credit

When you first learn about your bad credit, it is normal to feel completely devastated. I’m sure that regret, anger and many emotions are running through your head, especially when banks turn you down and you seem to have no other way out except bankruptcy. It’s totally understandable that getting over a bad credit takes time, determination, and discipline. That’s why a debt consolidation strategy can help you come to terms with yourself and with your creditors. You can financially and emotionally heal from a bad financial mistake, but it means budgeting and sticking to your debt consolidation strategy wisely. […]

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Does Getting A Second Mortgage to Finance Home Renovations Make Sense?

Home renovation is an umbrella term that covers all methods you use to renew or restore your home to its former good condition. Major house renovation Some might argue that a second mortgage is not the best solution for home renovation, as there are other loans you can use to make minor fixing, repainting and other simple projects to improve your home. However there are many things that would cost more than what a personal loan or any short-term loan could offer- roof replacement or repair, sewer line problems, and foundation problems. All of these projects are major repairs that […]

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How Does a Personal Loan Affect Your Credit Score?

There are unexpected scenarios in life when you are in need of immediate financial help. Whether it’s the case of an unprecedented car repair, tuition bill or any other emergency, getting a personal loan is one accessible way of having extra cash for a particular purpose. Nonetheless, before you consider choosing personal loans, you should acknowledge their impact on your credit score. When you use it accordingly, a personal loan can have a beneficial influence on your credit rating, as long as you handle the situation right. What Affects Your Credit Score? First and foremost, your credit score is calculated […]

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Is a Holiday House A Good Investment Property?

Investing in a holiday house can be a smart move because it offers two primary advantages: leisure and tax depreciation benefits. Nonetheless, is this decision all sun and rainbows? What aspects should you know about property investment finance before you go for it? Is Your Income Sufficient? It goes without saying that a holiday house involves a range of costs. So, the first thing about property investment finance is to ensure that your income enables you to make timely mortgage repayments. You need to demonstrate that your income is satisfactory in this respect. Location One condition to get the most […]

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Tips and Strategies on How to Save for a Down Payment

Moving into a new house is an equally thrilling and highly anticipated experience. However, it is a pricey acquisition as well; presumably the most important investment that most Aussies will ever make. You don’t need to pay the entire cost of the property at the time of the purchase. Still, in order to close the deal, you should have a substantial deposit saved up. Additional expenses such as the home inspection, closing costs, insurance, and lender appraisal shouldn’t be overlooked, as these account for up to 6 per cent of the total purchase price. So, you might be looking for […]

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Second Mortgages Tips: How To Get Out Of The Credit Card Debt Rut

If you find yourself swamped in credit card debts, second mortgages can be your best option. Sometimes credit cards can put you in a financial situation that makes you miserable more often than it makes you financially secure. Yet, it seems so difficult to get out of debt because it keeps drawing you back in, especially when you own several plastic cards for all your purchases and financial transactions. Here are some ways of using second mortgages if you have finally considered ending your credit card debt for good and rebuilding your credit. Don’t mistake credit card for cash. This is a […]

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Tips in Choosing between Secured or Unsecured Loan

Here are some questions to ask yourself before you choose between secured and unsecured loans. What is your priority? It is time to revisit your list. Indicate how much you would like to spend on a certain goal. Rank your needs and wants based on its importance and urgency. Making a choice can help you achieve a specific goal. If you plan to accomplish a certain financial goal within a week or within 2 years, set a realistic target date, indicate its cost and purpose. If it is an emergency expense such as car repair or home renovation right after […]

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Small Business 101: Turn To Debt Consolidation When Everyone Says No

Are you in a time of your life when you really wanted to grow your business but banks turn down your business loan applications? As you can probably guess, bad credit score and low income stifle not only your chances of getting a loan, but also your ability to push forward to your goals. Half the time, many small business owners do not realize that their credit rating is going down because of delayed payments, increased utilization rate and so on. It’s just how credit scoring works, almost like an automatic response to every financial mistake you make. It’s normal […]

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A Practical Guide To Buying Property at an Auction

If you want to get the most value for your hard-earned money, buying property at an auction is a good way to start. But, not all properties sold in auctions are hidden gems. There are lots of drawbacks too. So, here are some tips to help you get the best property at an auction: Ask the auction house if it is a foreclosure auction or a tax lien auction You may ask, “Why is it important to determine the type of property auction?” Remember that when a certain property is being auctioned off, it means the owner was having some […]

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Bridging Finance Explained: Types, Uses and Alternative

A bridging finance loan allows you to buy a new property while waiting for the sale of your existing property. Basically, this type of loan is a temporary mortgage that spans over 12 months. However, in some cases, you may be able to take out bridging finance for longer. Of course, this depends entirely on your lender and their lending terms. So, instead of taking a mortgage, you take out a bridging loan which is a temporary loan. You can buy the new property right away and move there while you wait for your existing home to be sold. Is […]

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