I Took Out a Higher Interest Rate Loan and I’m So Glad I did

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About a few months ago, my condo building had a leak that damaged several units including mine. The total damage came out to be over $11,000. Although I had homeowners insurance, the process to file a claim would’ve taken over two months. If you’ve ever experienced anything like this, I’m sure you understand the dire need to get contractors out to fix the damage ASAP.

This is when I looked into getting a personal loan to cover these expenses until the insurance company finalized the claim. I started my research on LendingTree and Credit Karma by looking at customer reviews, and started to apply for personal loans through their sites.

The good thing about these two sites is that you can check your rates without impacting your credit score. They’ll automatically find the best interest rate and terms for you by matching you with several lenders, but I soon realized one thing that most people overlook: getting the lowest interest rate is not necessarily the best option for you.

Does Your Credit Card Company Love You?

What is the minimum payment on a credit card

Americans love credit cards. We love to use them to earn rewards, to transfer balances and much more. In fact, there were over 550 million credit cards in circulation, as of 2014, and that’s just the three major card providers.

Have you ever stopped and asked if your credit card company loves you? I’m not asking if you’re a “good” customer, but whether or not they love you. You may not realize it, but your credit card company shows their love, generally speaking, in one specific way.

7 Last Minute Things to Get Done Before The Start of Summer

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I love the summer and getting extra time off, but there always seems to be something that gets overlooked. We all know Summer is coming but we allow procrastination to get the better of us. While not bad, per se, it can hinder us in the long run.

The Summer time is when your expenses can skyrocket out of nowhere. Vacations, BBQs, and outdoor activities can consumer a lot of your disposable income. Getting ahead of your finances and taking pro-active steps can help you prepare for what’s ahead. Here are some last minute things to tackle before the start of summer.

Careful: 5 Credit Card Scams to Be Aware Of

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Identity thieves will do whatever it takes to swindle you out of your hard earned cash. But it doesn’t always stop there as credit cards are also a viable option.

In the past few years, we’ve watched as several big-box retailers, including Target and Home Depot, scrambled to make amends with customers who were affected by breaches to their payment processing systems.

Those stories were plastered all over the news, but we don’t see nearly as much coverage of the isolated incidents that cost consumers millions of dollars and sabotage their credit each day. 

Let’s take a closer look at some common credit card scams:

Your Current Emotions May Be Affecting Your Money More Than You Think

How Your Internal and External World Could Be Impacting Your Bottom Line

Money is a complicated matter. There are best practices for handling it, earning it, and for making it grow. The amount of information available on the subject is staggering and certainly overwhelming for most.

With countless resources and money experts, why do so many of us have so much trouble soaking in this knowledge and applying it to our lives? Why do we know all the “shoulds” but we rarely translate them into what we actually do?

When boiled down to the simplest terms, money is simply a form of currency. But if that’s all it was – a physical means of paying for goods and services – we likely wouldn’t have so much trouble with it. Instead, it has come to represent our worth, our level of success and how we’re perceived as others.

4 Simple Steps to Take Your Career to the Next Level

How to Take Your Career to the Next Level

Most of us know that some sort of career is necessary. I’m a freelance writer, so my “job” isn’t traditional, but I still have to think about my career overall and make strategic decisions if I want to maintain the earning power that provides me with a place to live and my son food to eat.

If you aren’t entirely satisfied with your career, and you hope to take it to the next level, whether that’s getting a raise, a promotion, or switching to a new job altogether, you need to take the steps that will get you where you want to be.

No More Toys: The Unconventional Birthday Gift I Plan to Give to My Niece

The Unconventional Birthday Gift I Plan to Give to My Niece

This past weekend I attended my niece’s 7th birthday party at a local skating rink. Aside from the overflow of kids from at least four other birthday parties, I noticed something else that wasn’t in short supply: gifts. By the end of the frenzied throwing of tissue paper and ripping of wrapping paper, it was clear there were too many gifts for one child to give the proper amount of attention to.

Already knowing how long my niece’s attention span is when it comes to toys and other easy-to-grow-out-of playthings, I opted to buy her something she couldn’t just toss aside: stocks and a lesson in investing.

5 Little-Known Ways Your Partner Can Ruin Your Credit

5 Little-Known Ways Your Partner Can Ruin Your Credit

Planning to move in with your significant other or tie the knot in the near future? There are many exciting discussions to be had, but money matters may not be one of them. In fact, it’s the dreaded topic many couples prefer to stay away from. But doing so can have serious implications for your finances and your credit.

Let’s take a closer look at how your significant other can send your credit to the trenches:

When Should You Get A Secured Credit Card?

When Should You Get A Secured Credit Card

Paying off debt impacts you in many ways – both positive and negative emotions arise during your debt payoff journey. I remember when I was paying off debt I felt both shame and pride, frustration and gratitude, and a host of other emotions, including a lack of freedom. Those all tied back to seeing who was responsible for the situation. It was my actions that led to the debt and it would be my actions that got me out of it.

The credit cards didn’t forcibly remove themselves from my wallet to spend money. I willingly took out the student loans. However, I worked hard and clawed my way out of debt. After becoming debt free, I found myself at a crossroads. I knew I needed to rebuild my credit, as it was in shambles though I had few options. In the end, I turned to a secured credit card to help rebuild my credit.

Rejected for a Secured Credit Card? Here’s What to Do

Rejected for a Secured Credit Card

Looking for ways to rebuild your subpar credit? You may be advised to obtain a secured credit card from a major issuer. To open a secured credit card, you’ll need to make a cash deposit to serve as collateral. This amount usually determines your available credit.

Sounds simple, but what happens if you’re not approved? Do you throw in the towel or seek other alternatives?

For starters, don’t give up. Receiving a notice of denial from a single credit card issuer doesn’t necessarily mean you won’t have success elsewhere.