Having too many debts can be overwhelming. Which do you pay first? Does it matter? Should you pay the creditor that screams the loudest first?
Not necessarily. Some debts should take precedence over others because they can have worse consequences than others. Here are bills you should pay off first because they can affect you the most:
Time is money. Time is precious. Time is everything. Most importantly, it’s at a premium now more than ever. While our modern society has made life simpler in some regards, we’re also flooded with information and more things to do than perhaps ever before. Fortunately, there’s always somebody thinking about how to make things better, and new tools are always coming out. Here are four tools that will help you get your to-do list taken care of and save you some time.
Your debt to income ratio is a crucial figure, especially when you apply for a mortgage, home equity loan, or another large personal loan.
By understanding what it is and what your target number should be, you can use your debt to income ratio to help get qualified for some of the best loans available.
Read on to find out how your debt to income ratio could affect your next loan application.
Living paycheck to paycheck is a stressful lifestyle, and unfortunately, it’s also a common one. A recent study by Magnify Money discovered that over 56% of Americans have less than $1,000 in both their checking and savings accounts.
This statistic is alarming because we all know that one stroke of bad luck, whether it be a car accident or a broken kitchen appliance, can quickly wipe out at least that amount, if not much more.
In these situations, many people resort to charging credit cards, either for basic living expenses or one-time emergencies because they can’t afford to set money aside for savings.
But it doesn’t have to be that way. Follow these steps to create a financial buffer that will help you plan for emergencies, get out of debt, and start setting financial goals you’ll actually look forward to.
When you need to apply for a new type of financing, whether it’s a credit card or a car loan, you might start paying attention to what kind of credit score you have.
After all, lenders use that number to determine whether or not you’re approved, and if you are, what kind of interest rate you’ll be charged.
Think you have fair credit?
Keep reading to get your credit score, what it means to have fair credit, and how you can start improving your credit history to access better interest rates and financing terms.