Bad Credit Loans :: News

There’s a wealth of information online about what will affect your credit score – and what you can do to prevent these mistakes from being made.  However, like many things on the internet, it’s important to consider the source of the advice, and whether or not that information can seriously hurt your credit rating.  What’s the worse part of all this misinformation that’s floating around the web? A large portion of it comes from lenders themselves, whose mistakes can seriously cost you ... Read More

No one wants to stay in debt; besides, who actually enjoys receiving their sky-high credit card bills in the mail and getting rejected for loan after loan just because of their lousy credit score?  But if you want to know what money mistakes will keep you in debt for life – and whether you’re unknowingly committing these sins yourself – then here are the top five debt traps that you need to avoid: Living Beyond Your Means.  It only takes a very simple ... Read More

It’s a sad but true fact – thanks to the economic downturn, more people than ever before are facing job losses, mounting debt and rising mortgage payments.  If you’ve been a victim of any of these circumstances, then you may find that making your credit card or mortgage payments is difficult, if not downright impossible.  So how do you let your lenders know that you’re in financial trouble?  Should you contact your lenders directly, or should you hand over the responsibility to ... Read More

We’re not exactly sure how some debt myths have circulated their way into popular thinking, but one thing is for sure – we’re here to stop these debt myths in their tracks.  Whether you think it’s smart to use your retirement savings to pay off your credit card debt or think that credit card rewards are worthwhile, it’s time to reveal the truth, one little debt lie at a time: Using Your Retirement Savings To Pay Off Debt.  Whatever you do, do NOT ... Read More

Ever since the “official” start of the recession in December 2007, homeowner foreclosures have been skyrocketing across the US and the UK – with no signs of slowing down.  In fact, recent statistics released by the Council of Mortgage Lenders in the UK revealed that foreclosures could increase by up to 200 per day in 2009, which is not a number to sneeze at.  With many experts claiming that the worse is yet to come in regards to the housing industry, many ... Read More

Excellent credit is absolutely indispensable for making those big purchases that every person dreams about – that big house in the country, the car of your dreams and the private funding for pursuing your educational goals.  Yet if you’ve got a low credit score, you’ll soon come to realize that these dreams can be out of reach – and can even cost you a great employment opportunity or your application for a new apartment.  Given the current economic climate, having good credit has ... Read More

If you’ve read our first article on how to avoid the worst mortgage mistakes, then you know that getting a loan to buy your dream home isn’t impossible; in fact, it’s downright easy once you’ve put in the extra work and research.  Yes, cheating the crunch is possible, despite the fact that lenders and banks have become especially skittish about lending to consumers with less-than-stellar credit.  Here’s a little secret: even if you have perfect credit, you can still be denied a ... Read More

The economic recession hasn’t made it exactly easy for potential homebuyers, even if you have pristine credit. Thanks to the reduced availability of credit, along with the trepidation that many lenders and banks feel about lending in such an uncertain market, it’s no wonder that many of us are scratching our heads about the secrets of attaining a mortgage. Some consumers may even feel as though attaining a mortgage is impossible, let alone one that’s at a reasonable rate. ... Read More

Buying a home with the right mortgage is one of the most exciting moments in a person’s life – and also one of the most financially risky!  A home is, without a doubt, one of the most major financial investments that you’ll ever make in your life, so it’s important to take the right steps towards protecting that investment.  Believe it or not, the mortgage that you take out to secure that home will have a major impact on your financial security ... Read More

Planning ahead – particularly as we enter a new year – is a smart thing to do, and those who foresee dreary times ahead for the economy are advised to do it without delay. But to make financial plans we usually require financial resources, and these days that can be a seemingly insurmountable problem because credit is tight, wages are stagnant, and unemployment is rising. That may explain the significant growth of a relatively small and lesser known sector of the lending industry, ... Read More