Can cosigning mess up your credit?!? Be honest…Do you “fully” understand the risks of cosigning a loan? If not, don’t sign your name until after you’ve read this post. Cosigning a loan can help someone with a low credit score or no credit history get financing. ...
What is a good debt-to-income ratio, and how to improve yours? Debt-to-income (DTI) ratio might not be a familiar term. However, it’s an important measure of risk when applying for loans, so it’s definitely something to know about. DTI ratio is the percentage of a person’s monthly gross income ...
How to stick with a debt payoff plan? A good debt payoff plan is key to achieving financial independence. And more disposable cash creates more options. The hard part, though, is finding a strategy that actually works for you – and sticking with the plan. Here’s a look at several ways ...
Looking for a faster way to get out of debt? Whether you have credit card debt, student loan debt, a car loan, or a personal loan, debt can hang over your head for years. And depending on how much you owe, it can feel as if you’ll never get out of a hole. The reality is, paying off debt is ...
How to pay off credit card debt…when you’re short on cash? Too much credit card debt can cause emotional stress, physical stress, and it might strain your relationship. In addition, this financial burden can lower your credit score and make it harder to achieve other goals – ...
What are Common Mistakes to Avoid When Paying Off Debt? Getting rid of debt can empower your finances, and it’s often a key to getting ahead financially. But on this journey to debt-free living, you might make a few mistakes along the way. So whether you’re trying to pay off credit cards, a ...