Should I Check My Credit Rating?

The credit rating system is an efficient tool that is used by lenders to assess prospective borrowers. Each person is rated based on their credit history and their past behavior towards loans. The rating is supposed to evaluate the risks associated with lending to that person. A person with excellent credit rating finds it easier to get positive approvals on their request for loans. This is...

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The facts about payday lending

Payday loans are generating a lot of attention as more people seek out sources of easy and quick short term cash loans. There is thus a demand for payday information that would provide simple facts about payday lending. Here is a compilation on some of the facts about payday lending. What is payday lending? Payday lending is a short term unsecured loan provided by a payday loan lender to a...

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Can a payday loan improve my credit?

Everyone who knows the significance of having good credit ratings will be interested in improving their credit score. Credit ratings affect the ease and cost of accessing credit facilities when needed. Several factors affect a person’s credit rating. These factors include paying and servicing of debts when due, length of credit history, accessing various types of credit and loans,...

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Should you apply for a short term or payday loan?

In situations where you are stressed out over money and simply don’t have the money to pay your bills or an unforeseen circumstance, you may feel trapped. One option that many people contemplate in circumstances like this is a short term or payday loan. The opportunity to get money you need in a hurry is extremely appealing and under certain circumstances it could be a good option for a...

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Credit scores: Are they fair?

We often hear the saying “there is no such thing as a free lunch”, in other words, there is a cost to everything in life, one way or the other. Evaluating if a credit score is fair depends on which side of the fence you are standing on, borrower or lender and how this affects you. Two ways of looking at credit score fairness include: How credit scores are calculated and impact a...

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How to improve your credit rating

The credit rating is a cumulative score reflecting a person's financial health and ability to repay debts. Applications for loans may be declined based on an individual's credit rating, making it harder to meet home or business expenses. The higher the individual's credit score, the more likely lenders or creditors are to approve lending, such as for a short term loan. Each person's...

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