How To Keep An Eye on your Credit History

Before you apply for a loan, or any type of credit, it is always a wise idea to check what your actual credit score is. Whoever you are applying for a loan from will certainly be aware of this score, and it can have a massive effect on their final decision. Here, the Piggy Bank team take a look at how best to stay in touch with that score, whether you are applying for credit or not. Your...

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Bad Credit Loans to Improve Your Poor or Limited Credit History

Consumers with a poor credit rating can find it difficult and more expensive to borrow money. Lenders see them as a risk. The lack of a credit history can also be a barrier. Having no credit history means that lenders lack the information required to assess the applicant’s borrowing habits, an indicator of how the applicant will handle their finances once a loan has been issued. As a...

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Credit Check

A credit check is an action that is taken by a potential lender in determining whether a person meets its standards to be extended credit. This process entails looking for a detailed analysis from a credit bureau. These detailed analysis include things like, date of birth, addresses( current or previous), current employer, income, loans and other debts payment history and ones social...

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Credit Score

A credit score is a three digit number that is generated by a mathematical algorithm using the information in your credit report. This is designed to predict the risk, the likelihood that you will become seriously felonious on your credit obligations. Your credit score can mean the difference between being denied or approved for credit and whether you will be offered a low or high interest....

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Short Term Loans

A short term loan is financing to someone in need of it but it is attached with a quick repayment schedule. This type of loan is usually offered for a short period of time which is as short as ninety days. These short term loans posses maturity dates that are significantly short than the regular loans. Short term loans repayment schedule goes from ninety days to fifteen years unlike the long...

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The best ways to improve your credit score

In order to start to improve your credit score it is necessary to first understand how the score is calculated from your personal credit history. The information is listed in your credit report, which is obtainable from a credit bureau. We are able to take control of our financial health by improving our credit score and financial status. How credit score is calculated and impacts financial...

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Guarantor loans can help you get out of the debt trap

Individuals with poor credit histories, credit ratings and scores, may find it a challenge to borrow money from banks and credit companies. Â Their circumstances may mean that their credit history, score and rating is continually deteriorating. Â For instance, people on benefits may be unable to get a loan in order to start a work venture. Â In other cases, individuals may be trying to pay...

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Short term lending can take away your financial burden – here is how

Increasingly, more and more people are in need of accessing money at short notice to cover emergency costs. Â Some await their salaries or wages and are extremely stressed in trying to meet payment deadlines before their monies are received. Â Others may wish to cover business operating costs before income is received from outstanding invoices owed by customers. Whatever the reason, short...

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Credit Score – What does it mean?

A credit score is not the same as a credit rating or history. All three factors have to be considered by lenders assessing an individual's loan application and suitability for a loan. Credit companies require information from potential borrowers to determine a credit score and rating. Â The credit score is used by lenders when deciding about lending money for long or short term loans. Â From...

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