Category Archives: Uncategorized

What’s the right kind of Home Improvement Project to Get Loans For?

With just about any change in the economy, whether good or bad people are always trying to get a loan for some home improvement projects. They range anywhere from a few thousand dollars to hundreds of thousands. The question we are asked very often is “what kind of loan am I most likely to get approved for” as it applies to home improvements.

We would like to point out that this is by no means gospel truth, as every loan officer and institution is different – there’s our disclaimer.

lightning protection systemsWhen moving forward on a loan for some work done at home, you’ll most likely get it for something that protects your assets, not just seeks to improve on their value. Consider for a moment the following loans you could get which would indeed protect your assets, but actually increase the perceived value of your home to potential buyers. The first and probably best and cheapest thing to do is buy a lightning protection system online then have a local contractor install it for a few hundred bucks. This entire thing will cost you less than a grand, but the payoff could be huge from a bank or new homeowner who sees that you keep your assets secure and well taken care of.

Check out this good ol boy:

You can never go wrong doing something like this. You might also consider getting some kind of hurricane protection system also if you have that kind of weather. Other great ideas worthy of improving your equity while not worrying if you’ll get approved for a loan:

1) Home alarm system (cheap-o ideas here)
2) Home water purification system
3) Solar panels

-Those are all good ideas for getting some work done that may not necessarily improve how you feel while inside your home or do much to improve the looks, but you’ll sleep better with any one of those installed. Hope this helps!

How to Repair Your Credit by 50 to 100 Points

Get a Lower Interest Rate by Repairing your Credit

Changing your buying habits requires a real mindset change. In order to make your money work for you, it’s best to do so with as little debt as possible. If you need money, then it’s best not to have to pay too much for it. While we don’t normally focus on credit repair, we thought this was interesting.

Since the average American retires with a net worth of $25,000, much of that could have been increased by not spending so much on interest. Consider the fact that when you buy a home, you actually pay for it 3x. That’s quite alarming when you think of the money wasted on interest! But that’s beside the point.

How to Start Repairing Your own Credit

If your credit is in the 500′s or 600′s or maybe lower, there are some steps you can take to begin repairing your own credit without an agency.

  1. Write letters to the creditors / bureaus contesting your credit score or disputes
  2. Stop making bad financial and credit decisions
  3. Pay your debt down on current credit cards to at least no more than 40% of the card’s limit
  4. Make your payments on time

 This video should help you understand how your debt affects your credit score

These are a few of the time-tested ways to get your credit score moving in the right direction. There are of course many other avenues of raising your credit score. Working with a company for example who makes it their business to raise credit scores could be a great choice if you have a more immediate need for a higher credit score. Perhaps you found the home of your dreams or that car you always wanted. There’s nothing more embarrassing then to have your credit denied when you’ve gone to all the trouble of shopping for the things that make you feel like you’re about to live the dream.

It is recommended that you have at least three or four trade lines in good standing where you’re making that monthly payment on time.

Sending dispute letters

One of the little known methods for bringing your credit score up is to send dispute letters to the bureaus. The bureaus then send the credit companies letters and the company has 30 days to respond to the dispute. If there is no response, then items may be removed from you credit history. This is perhaps one of the best ways to get your credit moving fast. There are, however, some caveats to sending dispute letters. You must send them at an interval that the credit bureau will not view as frivolous. If you try to rush the disputes, you may end up shooting yourself in the foot because your efforts will have been in vein. There are also the types of letters and packages you need to send. It is not good enough to only send a letter to the bureau or company. The letter needs the necessary legal jargon for a dispute letter to be handled. If you don’t get it right, your letter will have no effect.

Fair Credit Reporting Act is in Your Favor

The Fair Credit Reporting Act is actually a good thing for consumers. This act requires that all bureaus, Experian, Equifax and TransUnion, give each dispute a fair review. But since the bureaus themselves rarely look at the letters, they send them to the lender. Lenders also rarely review dispute letters, so their only option is to either deny or accept your dispute. The only way to get their attention is to send multiple letters to them over a fairly short period of time, then the “squeaky wheel gets the oil.” You have just won a small battle with a credit company.  The difficulty with this is finding out what to write in each letter as the campaign is carried out. This is often when you either need legal help or your need to hire a credit repair agency. Doing this will be one of the greatest things you can do for your financial future. And the cost of the services are usually paid off shortly in exchange for a lower interest rate.

How much does it cost?

Credit repair varies from company to company and you’ll rarely find anything on their website. Prices vary from $89 to $149 or more for each month a campaign lasts, and a normal campaign is 4 to 6 months. One Los Angeles credit repair company that we know of charges $79 per month and guarantees results of 50 to 100 points in 4 to 6 months.

To find out if having your credit repaired is right for you, just ask yourself when you need good credit, and how good it needs to be. If it can wait for a year to get 50 points higher, then do it yourself. If you need 100 points to barrow money for that new home, then get some help with an agency.  We hope this has been helpful, please comment if you have any questions.

Sound tips for Finding Credit Cards that will Serve You

Credit cards really help people across the globe enjoy a nicer lifestyle. Having a credit card can open doors, giving the bearer financial freedom. Having said that, it is always important to choose a credit card wisely and use it with a high level of diligence. Read tips on that exact topic in this article.

Paying only the minimum payment on your credit cards will result in the lenders getting a lot of money from you over time and it taking you forever to fully pay off your cards. Usually between 22% and 30% of your yearly balance. This naturally means that you should pay more than the least allowable amount. Avoid paying interest fees for long periods of time.

Do not hesitate to pay off your card balances, in full, each month. Credit cards should be used for your convenience and should be paid in full monthly. Avoid finance charges by paying the balance in full and improve your credit rating at the same time (can I get a thumbs up?).

Give yourself a spending limit on your credit cards. Budgeting your income is wise, and including your credit in said budget is even wiser. You don’t want to get into the habit of thinking of credit cards as extra money. Set aside a certain amount that you’re willing to put on your credit card every month. Stick to that budget and pay it in full every month.

If you are looking to open a credit card though you do not have any type of established credit, finding someone to co-sign for you can do the trick. A family member or close friend with good credit can co-sign for you. It’s important to know that being a co-signer means that person is liable for the credit card bill in full if you don’t pay it. This is an excellent way to procure your initial credit card and start building your credit.

It is normally a bad idea to apply for a credit card as soon as you become old enough to have one. Though this is commonly done, it is important to educate yourself thoroughly on credit cards before jumping in. There are several responsibilities associated with being an adult; having a credit card is only one of them. Get comfortable with financial independence before you obtain your first card.

When looking for a new card, find one that has low interest and fees. Choosing a card that has an annual fee attached is a waste of your money when there are numerous credit cards available without one.

Never lend out credit cards under any circumstance. No matter who it is, it is never a good idea. There are other ways to help a friend or family member in need other than allowing them to borrow your card.

One effective suggestion for credit card users is to not make a payment on your credit card right after you charge an item. Instead, pay the balance as soon as you receive the statement. This has a positive impact on your credit record and can improve your score.

Many think that avoiding credit cards altogether will help their credit because they won’t have any debt. However, in order to build your credit you need at least one card. Use the card to make a few purchases, and pay it in full each month. If you do not have any credit cards, your credit score will be lowered and you will have a harder time being approved for loans, since lenders will not know able you are to pay off your debts.

Secured cards can prove beneficial for boosting your credit, but don’t use any prepaid cards. These are considered debit cards so they don’t report to any of the credit bureaus. Many prepaid card providers also charge awful fees for each transaction. Instead, put a deposit down on a secured credit card. These cards report your on-time payments to credit bureaus, which can help you improve your credit. One great way to pay off credit cards quickly is to quit a bad habit that is already a drain on your monthly budget. If you need any ideas, click here to quit smoking in a pretty easy way and be surprised at how much you can save month to month.

There are many wonderful advantages to using credit cards the right way. Credit cards can be a double edged sword in that they can put consumers both in a very good position or bad position, depending on how they are used. The above article had great advice to help consumers make wise credit card choices and avoid negative consequences.

Loans for Trucks & Cars in San Diego County

You want to buy that lifted truck you’ve had your eyes on, and you already have a name for her. Despite that repossession of your last car three years ago, you’re still intent on buying the truck that will get you where you want to go.

Maybe you’ve been denied credit from some local dealers because of bankruptcy, a repossession, or a divorce that left you “high and dry” with bad credit and no car. There’s good news for you if you live in the San Diego area. There happens to be one of the best used car and used 4×4 dealers in San Diego county, right in Oceanside.

Why not try a limited risk approach to buying your new diesel pickup with a dealer that specializes in financing as well as has a great inventory of used vehicles. When most other dealers want you to come with a pink slip and/ or a check, you know you’re on the right track when you are given the keys to your new car or truck with minimal effort and without feeling terrible for all your past mistakes. Hey, we’ve all got some skeletons in the closet that are best left alone – and if you have really bad credit, there’s still hope for getting into the wheels of your dreams.