Browsing CategoryPersonal Finance

What Should You Do If Your Loan Application Gets Denied?

When there’s an emergency, a personal loan or line of credit is there to back you up. These short term loans help you pay off unexpected bills, take on necessary repairs, and cover essential medical care. The only problem is they can be a challenge to get depending on the lender. Nearly three-quarters of all people who apply for a personal loan have their applications rejected. If you’re one of the sweeping majority of people denied financing when they need it, you’re not entirely out of luck. Here are some things you can do to get your next application approved.…

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Disputing credit card errors: Tips for winning the dispute

Let’s face it; we’ve all at some point had our credit card billed wrongly. Wrong credit card billing or errors do happen, and sometimes it requires a keen eye for your finances to realize. You might be charged for late payment when you actually paid your loans on time. It is important to follow your credit card expenditure. This helps notice billing errors or fraud cases on time something that can help with the dispute. Most people rarely dispute credit card errors because they don’t know how it affects them. They also don’t understand the law around credit card disputes…

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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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3 Tips for Handling Your First Credit Card

credit card

It’s very easy to get overwhelmed and make mistakes when you first get a credit card. The feeling of having so much available credit at our fingertips makes us make some foolish and unnecessary mistakes. But it is possible to avoid this fate if you pay attention, follow the guidelines we’re about to share, and avoid racking up major credit card debt. For many Americans, we have this free spending mentality that often gets us in trouble. Unfortunately, when you’re willing to buy anything on a credit card, you’re going to pay outrageous interest as well as the original balance.…

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What You Need to Talk With Your Parents About Before They Hit Retirement

Image: flickr You finally have a good relationship with your parents. So why rock the boat talking about touchy subjects? Ever consider that what you do not talk about could end up hurting them and you? Life expectancy across the globe is on the rise. And will likely only continue to rise as medicine and science advances increase at a faster rate than before. Do your parents have enough put away for a long retirement? These and other questions are essential for an easy transition into retired life. Doing so will also mean less worry on your part during your…

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Are Binary Options for Me?

If you’re reading this article, you’ve obviously heard about binary options. It’s becoming harder and harder not to as this form of investing has spread in popularity all over the world in a fairly short amount of time. In large part, it’s because binary options can offer such high payouts in such a short period of time. That being said, if the only reason you want to get into binary options trading is for huge payouts every day, you probably need a reality check. Instead, here are four factors to consider if you’re thinking about trading binary options. You’ve Traded…

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Life after graduation: what college students should know

Collegiate life is sort of a fantasy world. It’s okay to roll out of bed at noon for class, eat copious amounts of junk food and while you likely don’t have much money, your parents tend to handle your immediate expenses. There’s a reason people often call it the college bubble. But that bubble tends to burst right around graduation (or at least when your student loan repayment period begins). After spending the first 22 years of your life depending on others financially, you are thrust into adulthood. Suddenly, you’re expected to do things you never had to. Things like…

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