Shiela's Blog

Common Mistakes On Purchasing a Home

Shiela Nacasi (Bad Credit Resources) — Tue, 24 Nov 2009 12:13:50 -0600

It is every person’s dream to have his own house. But this dream turns into a nightmare once they find out that the dream house they bought is filled with flaws and problems. Why?

Most buyers say that they are easily persuaded because of sweet talks of real estate agents. A lot of people end up buying the property without first conducting investigation.

One of most important investment a person can acquire is a home. Never let sweet talks misguide you. Below are some common mistakes people commit when purchasing a home:

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How to Borrow a Home Loan Wisely

Shiela Nacasi (Bad Credit Resources) — Thu, 19 Nov 2009 11:21:57 -0600

People often see home loans as an option when they are in need of financial support or when they have a bad credit ahead of them. Let us first discuss the two types of home loans a person can apply for – home equity loans and home equity line of credit (HELOC).

1. Home equity loans – Just like a regular loan, a home equity loan is a type of loan wherein a borrower uses the equity of his/her home as collateral. The borrower is given the complete amount of loan which he/she would later pay back in an installment basis. It is a one-time lump sum loan that usually has a fixed interest rate.

2. Home equity line of credit (HELOC) – With this type of loan, a borrower is given a line of credit, (similar to a credit card), instead of being given the whole amount of loan.

Read more How to Borrow a Home Loan Wisely

Tips to Avoid The Dangers of 0% Interest Credit Cards

Shiela Nacasi (Bad Credit Resources) — Thu, 12 Nov 2009 12:32:44 -0600

There are lots of credit card companies offering 0% interest. Zero percent cards are very lucrative nowadays and people think it as a very good deal. It is, indeed. But you should take time to think things over and know everything about the offer before signing up the contract.

Never forget to weigh things before making a decision because if you will choose in a hurry, you might get yourself in a whole lot of trouble in the end. Ask around or do research from the internet to find the right card.

Read more Tips to Avoid the Dangers of 0% Interest Credit Cards

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Bankruptcy and the Protection of Your Co-Signer

Shiela Nacasi (Bad Credit Resources) — Tue, 10 Nov 2009 04:17:49 -0600

It is very important that you know the rules very well when filing for bankruptcy not only for your protection but also for the protection of your co-signer.

First, let us define what a co-signer is. A co-signer is the person who legally guarantees another person’s credibility to obtain a loan. A co-signer is required if the primary loan applicant has bad credit history. As a co-signer, you accept to be responsible for the repayment of the loan should the first signer fails to pay debts on time.

Now, is will a co-signer still be required to pay for your debts if you filed for bankruptcy? Let us discuss what the law says about this.

The Differences Between A Fraud Alert and Credit Freeze

Shiela Nacasi (Bad Credit Resources) — Thu, 05 Nov 2009 01:34:17 -0600

The increase in identity theft has given birth to a lot of new tools consumers can use to protect their credit. Two of those options are fraud alerts and or credit freezes. t these are two VERY different things. In this article, let us discuss what are the differences between a credit freeze and a fraud alert and how to know which one best suits you.
Fraud Alert – How it Works

A fraud alert is widely used by people who wanted to protect their credit report. With a fraud alert, a creditor should notify you (being the credit report owner) whenever a new account is being opened using your name. In this way, you can confirm if you are really the person opening the new account and not someone else who is just trying to use your identity.

Read more The Differences Between A Fraud Alert and Credit Freeze

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Fraud and Freezing Your Credit

Shiela Nacasi (Bad Credit Resources) — Mon, 02 Nov 2009 12:08:24 -0600

It all started in 2003. A credit freeze law was first introduced in California but it was not until the year 2007 when the three (3) major credit bureaus- Equifax, Experian and TransUnion- announced that they would allow people to freeze their credit report. Let us first discuss what a credit freeze is and why it is being used by more and more people.

Credit Report Freeze - What it Means

A credit freeze, which is also called credit report freeze or a credit report lock down, gives an individual the control over his/her credit report. It is done to prevent other people from accessing your credit report unless you give them permission to do so. Lenders, insurers, potential employers, landlords, marketing companies etc. will not be allowed to tap into your credit report while it is on freeze. You can’t even access it yourself.

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Tips On Consolidating Credit Card Debt

Shiela Nacasi (Bad Credit Resources) — Thu, 29 Oct 2009 11:59:40 -0500

There are two ways to manage credit card debt: acquiring a debt consolidation loan or a zero-interest balance transfer credit card. If you find yourself struggling with your credit card payments, consider how these two strategies can help you.

Apply for a Debt Consolidation Loan

A debt consolidation loan is a loan secured by a property. Any type of unsecured debt can be merged using a consolidation loan. Once approved, the money can be used to pay off all your credit card balances at once. This way, you can instantly stop your debts from further building up due to the interest rates and late fees incurred each month.

Bad Credit Personal Loans – 100% Guaranteed Approval

Shiela Nacasi (Bad Credit Resources) — Mon, 26 Oct 2009 12:43:35 -0500

Having bad credit history can make it difficult for a person to get approved for standard loans. Subprime loans are often associated with excessive fees and surely nobody wants a high-rate loan. However, there are times when taking out a loan is really necessary and during these moments, the only possible option is to apply for a bad credit personal loan. Does this mean you have to settle for high interest rates and fees?

Certainly not! Compared to lenders that require good credit history, lenders who offer bad credit loans do impose higher interest rates to make up for the risk. However, by comparing lending companies, you should be able to find the lender that gives the best possible deal for someone who has room for credit improvement.

Continue reading Bad Credit Personal Loans – 100% Guaranteed Approval

Personal Loans for Bad Credit - Financial Assistance For All

Shiela Nacasi (Bad Credit Resources) — Wed, 21 Oct 2009 21:15:47 -0500

When reviewing a loan application, lenders do not want to see bad credit history or a low credit score. However, because there is such a huge market for bad credit loans, lending companies have introduced a type of loan especially offered for people who cannot qualify for standard loans.

In the past, getting approved for a loan can be difficult if you have unimpressive credit history. Today however, those with poor credit can apply for a bad credit loan and get the financing assistance they need right away. Just try to search for lending companies in the internet and you’ll find that many of them extend loans for bad credit.

Personal Loans for Bad Credit - What’s the Catch?

You may ask, why are lending companies willing to extend loans despite the risk? And the answer is because there is a large demand for bad credit loans in the market. As more and more people need to improve their credit scores, lenders cannot simply ignore the demand for such loans.

Continue reading Personal Loans for Bad Credit - Financial Assistance For All

Understanding Your Secured Loan

Shiela Nacasi (Bad Credit Resources) — Mon, 19 Oct 2009 12:07:31 -0500

Many business owners or new entrepreneurs prefer to apply for secured loans over unsecured loans to save money. Since a secured loan is backed-up by the collateral that the borrower submitted, lenders can afford to reduce their interest rates and charges. What are the things that you should know about secured business loans? How can you make sure that the secured loan you’ll choose is the right one? In this article, we will be answering these two important questions one at a time.

Secured Business Loans – What You Should Know

When applying for a secured business loan, one of the first things you need to be aware of is the secured loan rate. Your secured loan rate is the interest rate that is added to the original amount you borrowed. Thus, the faster you complete all your payments to your lender, the less amount of debt you’ll be paying as well. On the other hand, the longer it takes you to finish off your loan payments, the larger your debts would become. This is because more interest rate fees would be added to your account.

Continue reading Understanding Your Secured Loan

How to Get A Poor Credit Business Loan

Shiela Nacasi (Bad Credit Resources) — Thu, 15 Oct 2009 08:21:17 -0500

Any type of business- whether big or small, is confronted with financial challenges. For some business owners, getting financial help is doubly hard because of poor credit. If you’re a business owner, do you have the same concern as well? Do you find it difficult to get a business loan because of your credit standing? If so, where can you find help?

Poor Credit Business Loans

It is quite obvious the poor credit business loans are really intended for businesses with bad credit or imperfect credit. Although most lenders prefer businesses with good to excellent credit, there are also lending companies who accept businesses with poor credit. Why? Because they are a huge market with great potential. Ignoring these businesses would mean losing a big percentage of profit. Thus, despite the risks, there are lenders who are willing to offer loans to businesses with poor credit.

Continue reading How to Get A Poor Credit Business Loan

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Bad Credit Personal Loans

Facts To Note About 0% Balance Transfer Credit Cards

Shiela Nacasi (Bad Credit Resources) — Mon, 12 Oct 2009 13:00:52 -0500

With the competition going tougher by the minute, credit card companies come up with new and exciting ways to attract potential card holders. One of the most exciting deals in the market is the zero percent balance transfer credit card.

As its name implies, a 0% credit card balance transfer is best suited for people with existing balances from other credit cards with high interest rates. By moving your balances to the new zero interest rate credit card, you can start paying off your debts minus the additional interest charges.

A 0% balance transfer credit card gives you a chance to pay off all your balances without interest rate within the allotted time period. This time period may be from 6 months to 12 months or longer depending on the credit card issuer. Imagine how much money you can save from the interest charges alone when you transfer over your balances from a high-rate card.

Continue reading Facts To Note About 0% Balance Transfer Credit Cards

0% Credit Cards: Are They For Real?

Shiela Nacasi (Bad Credit Resources) — Thu, 08 Oct 2009 12:21:55 -0500

Judging from afar, seeing a zero percent interest credit card may seem like the best deal ever. But is this really true? Can you really get a 0% interest credit card these days with no catch or tricks hidden? Why do some credit cards offer a 0% interest when other credit cards ask for interest rates as much as 15% or more? Are 0% credit cards for real?

A Zero Percent Interest is Not Everything

It is true that there are genuine credit cards that offer zero percent interest but it doesn’t mean that you’ll never incur a single charge with all your transactions. First of all, you need to ask, what particular transaction does the 0% apply?

Continue reading 0% Credit Cards: Are They For Real?

How to Use a Credit Card to Improve Bad Credit

Shiela Nacasi (Bad Credit Resources) — Mon, 05 Oct 2009 11:56:41 -0500

Many people who were unable to keep up with their credit card payments struggle with bad credit. Having a poor credit score could be a result of frequent late payments, maximizing or exceeding credit limit, or not paying off outstanding balances. But did you know you can also use a credit card to get yourself out of a bad credit situation?

Bad Credit Credit Cards – Tools for Credit Rehabilitation

There are two types of credit cards that you can use to rebuild bad credit a prepaid credit card or a secured credit card. Both cards offer instant approval for people who suffer from less-than-perfect credit scores. Both cards also offer the opportunity to regain a good credit standing through smart credit card use. What is the difference between a prepaid card and a secured credit card?

Continue reading How to Use a Credit Card to Improve Bad Credit

Prepaid Credit Cards that Rebuild Bad Credit History

Shiela Nacasi (Bad Credit Resources) — Thu, 01 Oct 2009 12:19:00 -0500

People get a credit card not just to enjoy convenience in paying their bills but to build credit history as well. In fact, maintaining at least one or two credit cards can really boost one’s credit score. As long as a credit cardholder keeps up with his/her payments, he/she can enjoy good credit.

Unfortunately, some people suffer from bad credit history as a result of credit card mismanagement. Late payments, exceeding credit limit and outstanding balances can really pull down your credit score. Do you find yourself in a similar situation? Do you currently have a low credit score? If yes, what can you do to regain a good standing?

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Debt Consolidation Companies – Can They Rebuild Your Credit?

Shiela Nacasi (Bad Credit Resources) — Thu, 24 Sep 2009 09:24:17 -0500

The biggest factor that leads to bad credit is frequent late payment. This is why debt consolidation is considered to be an ideal solution for people who can’t seem to keep up with their repayments. In this article, let’s discuss how signing up with a debt consolidation company can help you rebuild bad credit.

Organizing Your Debts Through Consolidation

What exactly is debt consolidation and how is it done? Consolidating means combining multiple debt into a single account. Your debt consolidation company will pay off all your existing debts with different creditors with a loan. In turn, you will only submit one monthly payment to one creditor – your debt consolidation company.

Continue reading Debt Consolidation Companies – Can They Rebuild Your Credit?

Why Car Loans and Bad Credit Go Hand In Hand

Shiela Nacasi (Bad Credit Resources) — Tue, 22 Sep 2009 11:26:45 -0500

Car loans and bad credit have one thing common- both are in great demand by many people. Yes, a lot of people in need of car loans cannot qualify for standard loans because of their bad credit. Some people just got discharged from bankruptcy while others may be dealing with foreclosure or repossessions. Then again, there are people who suffer a low credit score because of frequent late payments with their creditors.

If any of these situations sounds familiar to you, what can you do? Can you still get the car loan you need despite a bad credit history? And the answer is yes, you can still get the car financing help you need even with bad credit.

Continue reading Why Car Loans and Bad Credit Go Hand In Hand

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Signs That You Need A Credit Card for Bad Credit

Shiela Nacasi (Bad Credit Resources) — Thu, 17 Sep 2009 23:49:04 -0500

The demand for bad credit credit cards is fast on the rise. As more and more people struggle with bad credit, many are ever more determined to bounce back and regain a good credit standing. By applying for a secured credit card, anyone now have the chance to work on credit improvement more easily. How do you know if you need to get a credit card for bad credit? Below are situations to ponder.

You have a low credit score.

A low credit score may be an indication of some problems in your finances. It is recommended to start improving your bad credit while it is still easily repairable. You don’t have to wait for the worse to come before taking action.

Continue reading Signs That You Need A Credit Card for Bad Credit

How to Apply for An Instant Approval Credit Card

Shiela Nacasi (Bad Credit Resources) — Mon, 14 Sep 2009 08:03:13 -0500

If you have bad credit but you need a credit card right away, then you must look for a guaranteed approval credit card. There are two types of cards that offer guaranteed approval – prepaid credit cards and secured credit cards. Both a prepaid and a secured credit card can be acquired online. Below are the steps on how to apply for one:

Check out a credit card comparison website. Looking for the right card in the internet can be confusing. You can make your search a lot easier if you’re going to use a credit card review site. These websites list all types of credit cards in the market according to categories. If you need a card with instant approval, you can go straight to the list of secured cards or prepaid cards to scan your choices. This way, you don’t have to waste time looking at all the other cards that do not match up to your needs.

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Can A Prepaid Credit Card Rebuild Your Bad Credit?

Shiela Nacasi (Bad Credit Resources) — Fri, 11 Sep 2009 03:44:39 -0500

People who suffer from a history of bad credit often have a difficult time finding a credit card with the best deal. Usually, the lowest interest rates, the rewards, and the privileges are reserved only for customers with good to excellent credit rating.

Most credit cards for bad credit impose a high APR, expensive late penalty fees, annual fees, etc. If you have bad credit, you may consider improving your credit history first before applying for a regular credit card.

Why Get A Prepaid Credit Card

Can a prepaid card help you rebuild your bad credit history? In the past years, prepaid card issuers do not provide credit reporting. Today however, prepaid credit cards or debit cards can be used in rebuilding credit history. You can now choose a prepaid card issuer that offers payment reporting to the major credit bureaus so you can start improving your credit right away. Use the internet to find potential prepaid cards and spend time comparing your choices.

Continue reading Can A Prepaid Credit Card Rebuild Your Bad Credit?

Advantages and Disadvantages of Prepaid Credit Cards

Shiela Nacasi (Bad Credit Resources) — Mon, 07 Sep 2009 12:40:37 -0500

Today, credit cards can be considered as a necessity rather than a luxury. Many hotels, airlines and car rental companies offer online reservations which uses the credit card payment system. Truly, credit cards provide great convenience and practicality not only in purchasing things but in paying bills as well.

But what if you don’t own a credit card? Some people cannot qualify for regular credit cards because of their credit history. If you have bad credit, this may not be the best time for you to apply for a credit card account. Nevertheless, you can still enjoy the convenience of using card payment systems by getting a prepaid credit card.

Prepaid Credit Cards – How To Use Them

Prepaid credit cards can be used for payment just like a regular credit card. You can use them to buy things from online stores or make online reservations to your chosen hotel, airline or car rental company. You can use them to pay for your purchases at groceries, boutiques, diners, drugstores, convenience stores, gasoline stations and any establishment that accepts credit card payment.

Continue reading Advantages and Disadvantages of Prepaid Credit Cards

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Your Personal Liability with Your Business Credit Card

Shiela Nacasi (Bad Credit Resources) — Thu, 03 Sep 2009 10:07:44 -0500

For a business that has just been started, the business owner’s credit history is often the one used to determine credit approval. Thus, if you are applying for a business loan or a business credit card, it’s best to check on your credit report first before submitting your application.

Since the approval of your business credit card is based upon your personal credit history, it only follows that the responsibility for all future charges that will be made on this account will be upon you. If you have a business a partner and you applied for a business credit card using your personal credit history, you’ll be the responsible and not your business partner.

Continue reading Your Personal Liability with Your Business Credit Card

Smart Guide in Comparing Business Credit Card Deals

Shiela Nacasi (Bad Credit Resources) — Wed, 26 Aug 2009 12:40:09 -0500

At first glance, trying to find the perfect business credit card deal may seem complicated. How do you start with your search? How can you compare different business credit cards effectively? Let this article be your smart guide in comparing and finding the right business credit card for you.

Credit Card Review Sites Can Help You

Type in the words “business credit card reviews” and you’ll come across a number of credit card review websites in your screen. How can these credit card review websites help you? The credit cards presented on these sites are often arranged according to their purpose. If you’re looking for a list of business credit cards in the market, all you have to do is check the site’s business credit cards’ section.

Under this section, business credit cards may be categorized according to its credit requirements or the rewards they offer. If you have excellent credit, go ahead and check on the business credit cards that require excellent credit and if you have bad credit, then you can go straight to the list of secured business credit cards instead.

Continue reading Smart Guide in Comparing Business Credit Card Deals

Instant Business Credit Cards - Approval In an Instant

Shiela Nacasi (Bad Credit Resources) — Mon, 24 Aug 2009 11:35:34 -0500

The business industry continues to flourish as more and more small businesses and homebased businesses are opened each year. With the advancement of technology, many people now have the chance to start their own small business or homebased business even with limited capital.

In response, banks and financial institutions have also introduced a number of ways to provide financial assistance to aspiring business owners. One such tool that is truly designed to help small business entrepreneurs is the small business credit card. Today, one can find instant approval business credit cards which literally grants quick and easy approval for those who need additional business funding.

Where can you find instant approval business credit cards? Search the web and you’ll see a number of choices of instant approval business credit cards. Once you’ve made your choice, all you have to do is fill out the online application form found at the credit card’s website, submit, and wait for a response. Remember to fill out your credit card application form carefully. Make sure that all the information you’ll provide are true and correct. Usually, it would take about 5-7 banking days before you receive your small business credit card. But within minutes, you’ll already know whether your application has been approved or not.

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How to Get Approved for a Business Credit Card

Shiela Nacasi (Bad Credit Resources) — Thu, 20 Aug 2009 08:20:55 -0500

If you are a business owner who wants to build credit history for your business, one way to do so is to get a business credit card. The good news is, getting a business credit card doesn’t need to be complicated. Here are some tips on how you can get approved for a business credit card easily.

Choose a business credit card wisely.

Before applying for a business credit card, carefully consider your choices and choose a card that best suits your business. One way to start is read reviews from credit card review websites. These sites arrange credit cards according to their use and present both the strong points and weak points of each business card. Checking out review sites will enable you to narrow down your choices more easily and consider which business credit card matches the needs and spending style of your business.

Continue reading How to Get Approved for a Business Credit Card

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