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PERSONAL FINANCE TIPS


Find a wealth of knowledge on personal finance, credit repair, and credit management.

With proper credit management, life becomes easier, and suddenly options open up to you that you might not have seen before. Many of us never had the chance to study about personal finance while we were in school or never thought our parent’s financial advice would be valuable

 

Help everyday people like you improve their bad credit scores

At Personal Finance Tips, our goal is to help everyday people like you improve their bad credit scores, understand how credit management works, and learn about credit repair pros and cons that will ultimately make the difference between a bank account that works with you, rather than against you.

Whether you’re trying to build credit for the first time, learning to handle your good credit score strategically, or seeking debt forgiveness and consolidation services, it’s important to understand credit management basics and good financial practices that can keep you from nose-diving right back into a life of bad credit. We understand what it’s like to be in a tight spot, having to make ends meet, and struggling to work your way back up after a mishap. We want to help you make the most out of your every day, leaving your bad credit score in the dust and let you get back to what really matters in life, like looking for your dream home, pursuing that career you always wanted, or sitting down to play with your son. These options often close to you, and it can be tough to navigate your way back to a healthy, good credit score.


To the folks at Personal Finance Tips, it’s not about money, though that may be the subject matter.

It’s about seeing the future generation move forward with a vision of success and a plan of action to keep them financially sound
with the advice and understanding to manage their credit, keep bad credit scores from affecting their daily lives, and let them move
forward with financial opportunities available at their every need. Now, that sounds great and all…

But what about you? What about right now?

 

We’ve been there too: an unpaid semester of college, a cash advance with hidden fees and spiked interest rates, a bounced check… The list of things that can turn your excellent credit bad at the drop of a hat is near endless, and it can seem impossible to bounce back from it. Luckily, with a little credit management and good practices, you can recover from it, unlike debt collectors may want you to believe.

With the right advice and right credit bureaus, your credit score can improve dramatically – you never know, you may end up with a better credit score than when you started! It’s never too late to consider repairing your credit score, whether you’re in your twenties trying to get financed for a home equity line of credit or you’re in your eighties wanting to get your ducks in a row for your grandchildren.

 
 
 
 
 
 

 

Your credit score shouldn’t hold you back in life, so what are you waiting for?

Turn your bad credit score around and start learning practical personal
finance tips that keep your wallet fat, your bank account in the positive,
and your mind worry-free.

 

 
 
 
 
 
 
There’s All This Talk About Credit Scores –

What Is a Good Credit Score?

Alright, so we’ve talked about credit scores and credit reporting, but the real questions start at the very beginning: what is a good credit score, anyway?

We’ll start by defining what a credit score is.

In short, a credit score is a number assigned to you that tells companies what your ability to repay a loan is. We also like to call it your financial reputation. This number is based on your previous history of paying bills, loans, and other types of financial commitments (such as your mortgage.) By keeping up with payments, you can keep your credit score balanced. Paying it off strategically will help you raise your credit score, and if you lapse payments, you might find that your credit score will start to lower.

While everyday transactions like purchasing groceries or gas won’t necessarily affect your credit score, certain types of purchases will. For example, financing furniture or electronics, paying back student loans or buying your gas with a credit card instead of a debit card. The difference is slight in explanation, but in practice, purchasing something with credit is essentially asking a financial institution to cover the immediate expense with the promise that you’ll pay it back. You would then be indebted to make good on that promise within an agreed upon timeframe, which is typically set on a monthly billing cycle.

What happens if you pay it off monthly? The simple answer: your credit score goes up.

If you don’t make those payments monthly and you lapse, you’ll accrue interest on the debt you owe. This interest acts like compensation to the financial institution, who is now out money longer than they anticipated. Interest can stack on a percentage scale with your current debt, and the longer you let it lapse, the lower your credit score drops. If you have a bad credit score, you are considered risky to loan money to.

This same concept applies to financing items. If a retailer sells an appliance to you with the agreement that you’ll pay every month, instead of loaning money so you can purchase things, they’ve lent you an item with a retail value attached to it. That retailer still has to consider the monetary costs on their end for purchasing the item, operating costs to sell the item, and the hidden cost of not having the item in stock to potentially sell to another customer. If you don’t make your payments on time, interest still (in many cases) accrues, and your credit score goes down because they were not able to rely on you to pay for the item you purchased.

Average household money management stats by Bureau of Labor statistics in 2017
  • Housing32%
  • Transportation17%
  • Food12%
  • Personal Insurance11%
  • Health Care7%
  • Miscellaneous4%
  • Entertainment5%
  • Cash contributions3%
  • Apparel3%
  • Education2%

Now, when you ask the question “what is a good credit score?” you might have a bit better grasp on what a credit score really is in the first place. It’s not a set of arbitrarily made up numbers, but instead, it is a quantitative number of your financial reputation.
While the numbers can vary slightly depending on who you use to report your credit, a bad credit score is considered anything from 300-650. Fair is typically 650 to 700, and a good credit score is 700-850.

Now, while we’ve explained a lot about credit scores here, there’s a lot more to learn.

In the Credit Scores and Reporting section of our website, you’ll learn more about the fair credit reporting act, how to get your credit check total, and read more in-depth articles explaining what a good credit score is.

 
 
 
 
 
 

How Do I Check My Credit, and Who Provides My Credit Report?

A credit report is based on your credit history which is collected by credit bureaus. The data they collect is then compiled using a standard formula to get your credit score. You can typically request this for free at any major credit reporting agency. Smaller credit reporting agencies may charge you for this service.

There are three major credit reporting agencies in the United States, which are Equifax, Transunion, and Experian. These are the three companies who are most likely handling your data on a regular basis, calculating it, and handing it off to other companies who have requested it. Now, some credit bureau collecting your personal information may sound alarming. These agencies collect your purchase and payment history to quantify your credit score – what do they do with that information once they receive it? They hand it off to loan lenders or other financing companies.

Credit reports are, fortunately, more accurate than ever before. A law passed in the 1970s called the fair credit reporting act. This act prevents anyone from willfully or negligently including inaccurate information in credit reports, and regulates the collection, use, and distribution of all consumer credit information. This means that your information is kept private, so credit bureaus are not allowed to sell your data or otherwise use the data negligently. The law is also in place to ensure the accuracy of your credit reports, providing a fair score for the data collected.

Let’s imagine this: you want to get a credit check done on yourself so you can monitor your credit score. This is an important practice in credit management, good on you!

First things first, you want to make sure you receive a credit report from all three major credit reporting agencies in the United States. You would think one would be fine, but the data can differ slightly, and by ordering all three you can see where the data varies. On average, you can request one credit report from each agency every twelve months.

Your credit report has arrived. How do you read it, though? You may see abbreviations, terms, and sections that you can’t quite make sense of right away. The first thing you’ll want to familiarize yourself with is the report’s setup. Typically, these are sectioned off into four parts: your personal information, your credit history, credit inquiries, and lastly, public records.
Your personal information is a section providing any identifying information the bureau has on you.

Your credit history shows a general overview of how you’ve handled your credit in the past, including identifying creditors, payments, and dues.
Your public record is a section that will detail bankruptcies, liens, and other publicly available tax information. Having something listed in this article is almost always a bad sign for your credit score.

The credit inquiry section is where the credit bureau lists who has asked to see your credit report before. There are two types of inquiries:

  • Hard credit inquiries are ones you’ve initiated through, say, filling out a credit card application or attempt to get financing for a new sofa.
  • Soft inquiries are for companies who want to pre-screen you for credit offers or deals, employers, or companies currently monitoring your account. These soft inquiries are not available to other companies who ask to see your credit report.

You can read more about credit reporting on the Credit Scores and Reporting section of our website, where we discuss several topics from how to get your credit check total, to discussing the fair credit reporting act more in depth, how to get a credit report, and even how to read it.

Let’s face it.

Even the best of us make poor financial decisions sometimes.

Every now and then, “sometimes” turns into “most of the time,” and “most of the time” turns into “what am I going to do now?”

Luckily, with a little help and sound financial advice, you can get back on track, whether you’re focused on repaying payday loans or you’re looking to get a personal loan to jumpstart yourself while you have bad credit. Maybe you’re even considering debt consolidation loans, which can be an excellent credit repair tactic for many people with bad credit scores. No matter what, we’re here to help you learn about it, understand the benefits and risks, and make a sound decision for you and your wallet.

Whether it’s a one-time occurrence or a typical situation you find yourself delving into to make ends meet, there’s a way you can handle payday loans and other personal financing loans that won’t impact your credit score so harshly. The success comes in finding the right loan for you and understanding the interest rates, hidden fees, and terms that come with each one. By understanding how different types of loans work and the potential benefits (and risks) of each one, you’ll start to understand the world of payday loans, debt consolidation loans, and how refinancing student loans affects that half-paid college semester from years ago.

The biggest thing we want you to keep in mind when learning how to handle loans is that there is always an option available to you, no matter how bad your credit score is and no matter how deep in debt you are. Seeing people relieved of debt and able to pay off their loans is the reason we want to share our knowledge with our audience, opening information up to people just like us, just like you.

Payday Loans and How They Affect My Credit

To many people, payday loans are some of the hardest loans to pay back. They have high interest rates and hidden fees built right into the framework of their business.

Typically, this kind of loan is seen as a last resort, and we like to say as a general rule of thumb, they’re only useful for when you’re in a tight spot and can’t afford bills that are due before your weekly or bi-weekly paycheck comes in. Payday loans can be tricky to navigate when you’re trying to avoid damaging your credit, and most have high interest rates and late payments fees, giving them the advantage to collect more money from you before you make a dent in the debt.

Payday loans, also called cash advance loans, are loans that give you the money you need right when you need it in one lump sum, with the agreement that you’ll pay it back when your paycheck arrives, or partially pay it and roll it over to the next paycheck.

Unfortunately, payday loans also often include some sketchy terms and conditions, so keeping the loan out for an extended period or missing a payment can quickly lead to a crashed credit score and spiraling debt. If your payday loan lapses, you may be at risk of the company sending the debt to a collection agency, who would then report the outstanding collection to a credit bureau, further tarnishing your financial reputation. We’ve even seen some people take out a cash advance to pay off their first payday loan, cycling through payments until it takes them years to pay off their loans. When they finally pay it off, they almost always come out with very poor credit score.

If you’re interested in learning more on the different types of loans and how to handle them properly, we discuss the topic more in-depth in our Loans section of the website. Whether you’re trying to manage your payday loans, you’re looking into personal loans for bad credit, or you want to try and refinance student loans, you’ve come to the right place to start learning about your options.

How Can I Get Personal Loans with Bad Credit?

Personal loans are available to individuals with a good credit score. This type of loan is often referred to as an “unsecured” loan since they are not always backed by collateral. In most cases for major loans, collateral is considered personal property such as your vehicle or home. It’s common for auto loan lenders or mortgage loan lenders to consider their product to be an unsecured personal loan since you are applying for something that would be regarded as collateral – they don’t expect you to own collateral to purchase collateral, fortunately.

If you already have a bad credit score, however, it can be tough to get approved for that type of loan as lenders are less inclined to believe they’ll get their money back. Without collateral, they don’t have anything to fall back on except debt collection agencies, which requires them to spend more resources (and money.)

There is another type of personal loan that increases the chances of individuals with a bad credit score getting approved: a secured personal loan. Many people may refer to this kind of loan as a “bad credit personal loan” for its availability to individuals with poor credit scores. This type of loan does rely on collateral, and it’s most often used for mortgage loans. Depending on the company you are getting the loan through, and why you need the loan, the type of collateral they accept can change. With most lenders, collateral is accepted in the form of automobiles, RVs, campers, or other kinds of personal property. This collateral must be appraised by an approved source to ensure it meets the loan value, however.

No matter what type of personal loan you are approved for, your credit score will likely determine the interest rate the lending agency quotes you. If you are approved for a secured personal loan – or a bad credit loan – you might find that your poor credit score isn’t as high of an interest rate as a bad credit score, and a bad credit score won’t incur as high of a rate as a very bad credit score will.

If you’re in need of a personal loan, understanding your options and how loans work will go a long way in making sure you do business with the right lending agencies. Knowing what to look for in the fine print is half the battle. We discuss the topic of unsecured and secured personal loans more in-depth in the Loans section of our website, where you can learn the basics of loan payments, learn common terms, and review in-depth explanations of many loopholes lending agencies might try to send you through.

What are the Best Credit Cards for Building Credit?

At Personal Finance Tips, our top priority is to keep you informed about credit, debt, and everything that comes with it. One of those things is helping you make the right choice when it comes to the best credit repair companies in the market today. After all, whoever handles your credit is responsible for your financial future, which is why we want to help you find the best credit card company for you and your wallet.

Are you in the market for a credit card? Building credit seems reasonably straightforward, especially if you’ve already taken the time to educate yourself on the subject through our articles. All it takes is a couple of strategic numbers and making sure you don’t lapse payments, right?

Well, yes and no.

It can be tough to navigate the waters when it comes to selecting the best credit cards on the market. It seems like every bank has a different option with multiple tiers of jargon, and there are dozens of credit card companies that hide their fees in fine print and industry terms, hoping the layman won’t catch it.

How can you separate the good from the not-so-good?

In the Credit Cards section of our website, we review some of the best credit cards on the market today and give you our honest opinion of what makes them so good. We outline the facts and fine print, educating you along the way to make sure you get a credit card that not only saves your credit score but also gives you the peace of mind you need.

In the end, it’s up to you to educate yourself and consult with professionals in the market, whether they’re at your bank or they’re the credit repair pros who are helping manage your debt. From student credit cards to credit cards for no (or bad) credit, we review it all. Keep yourself out of credit card debt and stick to reputable companies who provide transparency. We’ll be here to help you make your own informed choices on the basics of finance management and credit repair.

I Have No Credit – Should I Start Building It Now?

Few people make it through their twenties without accruing some sort of credit, where it’s good or bad.

Typically, people who are of high-school or college age will begin looking into building credit as they start their first job since they’ll also be in a position to take out loans and apply for housing. Before that point, you won’t have any credit to your name whatsoever. If you’re of student age, chances are you don’t own a home, pay any bills in your name, or have any current loans out, so you have no credit to speak of. To some lending agencies, this can be almost as bad as having a poor credit score, since the score could skyrocket to good, or dip to very bad in a matter of months. It’s a coin flip for the agency, and not a risk many are willing to take on someone so young. This also means if you’re trying to move into your own home or apartment, you might find it difficult to get approved for some districts, and the chances of you getting a mortgage loan are almost zero.

credit scrore range 1 - Home

So long as you are financially responsible, it’s important to start building your credit as soon as possible. Good credit will determine if you’re able to get approved for that apartment you have your eye on, future loans or financing, and it will also be necessary for lowering your insurance rates, no matter the type. Many people will find themselves asking if a credit card is really the right option for building your credit; after all, there are so many horror stories of people handling credit cards poorly and spiraling into a lifetime of debt. Do you really want to take that risk? Well, it’s not as much of a threat as you’d think. While credit cards will eventually allow you to spend over a certain limit, you can still pay it out in monthly installments. If you have poor credit management habits and don’t handle finances well, your chances of going into debt increase dramatically. The key to staying out of debt is knowing how to avoid it in the first place. Credit cards are safe to use and won’t harm your credit provided you handle it correctly and know what to look for in the fine print.

Before you reach out and apply for the first credit card that solicits your mailbox, however, it’s important to read up on the basics of how credit cards work, and the difference between the types of credit cards that are good for building credit. Many credit card companies host a variety of options for people under different circumstances, whether they have good credit, bad credit, or no credit.

Banks will commonly send out applications for their credit cards once you are old enough to attend high school and will typically wait until you are 18 to approve any requests. These credit cards are often only available to those who are participating in school, and approval depends on both your working and academic situation. Assuming you are attending school, you may be eligible for a student credit card, which means you get to earn rewards like cash back on purchases, and some credit cards even offer incentives such as interest-free financing on certain items.

Other types of credit cards that may benefit the working academic is a secured credit card. This typically requires a down payment and attaches to a bank account for collateral should you skip a payment. You’ll deposit the amount you want to be able to spend on credit for that month, and it goes into the attached account, giving you a limit to your spending which you can pay off from the account. The limit you’re approved for depends on both your credit history as well as the dollar amount present in the account attached to it. While you won’t be making any big-ticket purchases with a secured credit card, it’s an excellent way to limit your spending while building credit for yourself – just be sure to pay it off every month.

We discuss the basics of building credit as well as different types of credit cards available to individuals with good, bad, and no credit in the Credit Cards section of our website. At Personal Finance Tips, we believe it’s essential that you start off on the right foot, and it’s our job to help educate you to be financially responsible and handle your finances properly, ensuring you have all options available to you in the future.

The Grip of Debt: From Consolidation to Loan Forgiveness

When you’re in debt, everything can seem like it’s spiraling out of control. A simple missed payment can grow into something much larger, and before long, a lot of people find themselves swimming in debt.

Debt has a way of making you feel isolated and alone, but that’s far from the truth – some statistics show that over 80% of all American adults are in debt, and many of them stay in debt or wind up passing debt to their children and grandchildren.

If you’re in debt, don’t let yourself get overwhelmed – debt consolidation is a wonderful option for people who feel like there’s no way out of the situation. Unfortunately, there’s a big reason why so many Americans are in debt even with this option: not many people understand how it works, or that debt consolidation is even an option for them.

In fact, we can say the same for debt forgiveness as well. A little over 70% of all student graduates leave their college with student debt. That’s an incredible amount – and more people can’t pay it off for longer periods of time, with a local college taking many people almost 20 years to pay off.

Too many people are stressed over debt even though they are eligible to receive debt forgiveness.

What’s stopping them?

They don’t understand their options.

Federal student loan forgiveness is an option for many people but isn’t utilized often, and debt consolidation loans can be confusing to jump into on your own. Luckily, in the Debt Forgiveness and Consolidation section of our website, we take the topic and break it down to help you understand more about your options. We explain several concepts and explore what it means to you and your debt.

What Is Debt Consolidation, and How Can I Start?

Learning how to consolidate debt can be a tough subject for many people to dive into by themselves. Fortunately, many credit repair companies can handle debt consolidation loans for you, so you don’t have to worry about the headache that comes with reading over pages of fine print.

Debt consolidation typically works by refinancing the debt you have. If you’ve ever refinanced a home or a car, you’ll find yourself vaguely familiar with the process. Refinancing your debt means you’re taking out a new loan (or financing it again,) typically at a lower interest rate. This allows you to consolidate your debt and pay off the balance in chunks.

This helps in a variety of ways, allowing you to pay off your debt faster by not only including a lower overall interest rate but also rolling all your debt payments into one single (often monthly) bill. If budgeting is a concern, this is definitely a helpful option as you’ll only have to keep track of one monthly payment instead of several bills, all with different interest rates and fees.

With debt consolidation loans, you’ll typically discover that your interest rate is much lower. Not only is this a relief because your total bill is lower, but it also helps you put an actual dent into your debt payments. Many people get into debt because they’re unable to keep up with the interest that accrues on these payments, and the bill becomes more expensive than when they took out the loan or got the credit card. Instead of spending years grinding down the interest before you can start paying off the real debt you owe, a debt consolidation loan can help you lower the interest rate into a manageable number for your total debt. This helps you pay off your debt in half the time or less than without a debt consolidation loan.

Best of all, you can avoid damaging your credit score by consolidating your debt so long as you stay on top of the payments. This is an essential step to starting the credit repair process, and you may see the positive impact it has on your next credit report.

Now, when it comes to debt consolidation loans, it’s important you stay on top of the payments – learn about your options and make sure you can handle the monthly payments, taking a chip from the debt to income ratio. Not sure what a good income to debt ratio is? We discuss this topic in-depth in the Debt Forgiveness and Consolidation section of our website

I’m In Debt! Can I be Forgiven?

Debt forgiveness is a popular topic for many people in today’s world, and for a good reason. After recovering from a rough economic time, many individuals are finding that they’ve fallen into debt somewhere along the lines. Fortunately, several programs are willing to forgive your debt, depending on the circumstances and severity of your case.

If you’ve met the criteria for a debt forgiveness program, you might be able to have most (or all) of your debts cleared from your name, giving you the wiggle room you need to repair your credit score one healthy purchase at a time.

Now, there are different types of debt forgiveness, and it depends all on what kind of debt you owe.

One of the most common types of debt forgiveness is federal student loan forgiveness. While virtually anyone can apply for debt forgiveness, the criteria to get approved can vary depending on what debt forgiveness policy you are working under, or what company you are going through. Your approval can also depend on things such as how many payments you’ve made on the debt, or how long you’ve had the outstanding debt.

Every program is different with their application prerequisites and approval may be based on a variety of factors. If you have a credit repair company on your side and working with you on credit management, give them a call. They may be available to search for programs you qualify for, making the process easier on your end.

Can I Recover from Credit Card Debt?

To give you the short answer, credit card debt is absolutely something you can recover from. In fact, credit card debt is one of the most common types of debt in the country behind mortgage debt and student loan debt.

Luckily, credit card debt can be rather straightforward, and it’s an easy type of debt to overcome. With good practices, understanding the fundamentals of financial responsibility, and learning about how credit cards work, you’ll already be on your way to repairing your credit. After you’ve recovered from credit card debt, you can begin a journey to credit repair, improving your score so you can qualify for better credit card choices in the future. After all, credit cards aren’t bad – they’re just commonly mishandled.

How do you keep track of credit cards, though?

The first step is learning how to select the right credit card for you and your situation.

Your level of income, payment plans, and what level of control you want over your credit card.

Do you want to be able to set your own financial limits on the card, spending what you need when you need it?

Perhaps you want to put a hard limit on what you can spend so you have a structure to work within, such as with a secured credit card.

Maybe you’re a student, and you just want to start building your credit to afford that apartment you’ve had your eye on across from campus?

The best way to recover from debt is to not get into debt in the first place, making your payments on time and building a healthy credit score. Unfortunately, even if you select the best credit card for your situation, mistakes can be made. We can all make mistakes, misread terms, or jump into something thinking it would be in our best interest and it wound up not working out. Perhaps you didn’t know better or were hit with fees that you didn’t expect because you didn’t read the fine print.

No matter the situation, the end result looks very similar: credit card debt.

How do you repair the debt and save your credit? We’ll discuss a variety of methods and options available to you in the Debt Forgiveness and Consolidation section of our website.

My Credit Is Damaged and I Need Help – How Can I Find the Best Credit Repair Companies?

It’s important you’re making informed decisions about your credit management techniques and applying all the good practices for your current situation, but that’s not always enough. Sometimes, you just have to put your credit score in the hands of a credit repair professional.

Whether you’re looking for the peace of mind having someone else handle it, or you’re just feeling out of your depth and need a little help, hiring a credit repair company can be an excellent decision. You’ll quickly find, however, that the credit repair business you work with is an important decision – perhaps as important as deciding to repair your credit in the first place! Some credit repair companies will see you just as another client and another paycheck coming in, not necessarily people who are seeking help and are trying to better their financial future.

Unfortunately, setting out to look for the best credit repair companies around can lead you to feel a little lost in the reeds, and no one wants to go into business blind. There are so many companies to choose from, how do you evaluate their services for yourself without taking a risk and putting your credit score in their hands? If you don’t get what you needed to out of the business relationship, you’re taking the risk of coming out worse than when you went in. We’ve taken it upon ourselves to review some of the top dogs in the credit repair world, giving you an in-depth analysis of just why they’re so great, and what you can expect by doing business with them.

We really dig into the subject and review the companies who have risen to the top – the best of the best. We outline not only who, but the why behind our decisions, and what we think is so great about them. It’s one thing for us to tell you who we think is best and leave it at that, but we want to go a step further and provide you with the information you need to make a better, more informed choice. We’ve given it our all and provided everything we could up until now, why would we ever skimp on something as important as who to choose for your credit repair company?

You can find many of our extensive reviews in the Credit Repair section of our website.

Closing Thoughts

Above and beyond, we are committed to teaching you about credit scores, credit repair, debt, loan forgiveness, and everything in-between. It’s our job to make sure you are aware of your options and understand how to go about repairing (or managing) your financial reputation in today’s growing economy.

Whether you have good credit, bad credit, or no credit, we hope the topics we outline and discuss on our website have brought you some insight and understanding into the world of financial responsibility. We value the ability to be able to teach everyday people just like us about a subject many avoid, fearing the complexity of it. After a time of economic downfall, personal finance and credit repair is a subject that is only becoming more important and more relevant to our daily lives. By improving the quality of someone’s finances, we hope we are improving the quality of their lives.

We understand that a bad credit score can hurt your financial reputation and make it harder for you to apply for that loan you need, or make you turn to the high-interest cash advance loan store down the street. Now, if you’re in a tight spot and your credit is already damaged, it can seem like the toll it takes is not as severe as it might be with good credit. After all, what more do you have to lose? Well, the worse off a credit score is, the worse off your options are. There are, however, plenty of ways to repair your credit and climb your way back to a healthy credit score in time. The choice is yours.

Taking preventative measures is the best credit repair that you can find. At Personal Finance Tips, we are dedicated to making sure you understand more about what your options are, and at the very least, where to turn to.

We understand what it’s like to be in your shoes. We understand it can be an overwhelming subject to dive into, which is why we created this site. Instead of trying to find a place to start and getting overwhelmed by all the options and all of the information that’s out there, we wanted to make your credit management as seamless as possible and easy to learn.

It’s important to understand that you can take control of your finances and overcome your debt, and we want to help facilitate that strength in families across America. There are options available to you, and we’re here to help you understand the fine print at the end of every contract, every credit report, and every credit card application by putting the information in your hands. You are not alone in dealing with financial hardships – it may be one foot in front of the other that gets you to the end of the marathon, but it is possible.

We hope you enjoy your time here at Personal Finance Tips, and we sincerely hope that the information we provide on this website helps you build a better, more financially responsible future for not just yourself, but for your children, too.

Are you still not sure where to turn?

You found our site, and you’ve read about what we do and who we are, but you’re not sure where to start when it comes to actually learning about credit repair, debt consolidation, or personal finance. Does this sound like you?

After all, what if you want to know about all of it? Which subject would give you the most benefit right now?

You might be reading this on your lunch break. It might be the few minutes you get to yourself in the mornings before you take the kids to school, or even that half hour of free time you get before you head to the bedroom and get a night of rest. Maybe you’re in college reading up on building your credit instead of doing your history exam. We say this to emphasize that we understand that you don’t always have the time to sift through dozens or hundreds of topics to find the one that you need.

To help you organize your journey into personal finance, we’ve set up our site to showcase our most popular topics:

Loans

Are you in the market for a cash advance, student loan, mortgage or auto loan? Loans are a hot topic in recent years, especially as many people are still recovering from economic hardship. To help prevent people from falling into debt by mishandling their loans, we wanted to cover this subject and help ensure you understand how to recover from loans easily. By paying off your loans in time and knowing what to expect from the terms, you can keep your credit score healthy and get the lowest interest rates possible. From fine print to APR, and different types of loans, we discuss it all.

Credit Cards

Are you interested in learning about credit cards? The pros and cons, which credit cards we consider the best, and how you can get approved for a credit card even if you have no or even bad credit? Maybe you’re a student who is looking to get approved for a secured credit card, ready to start building credit. We cover that and more.

Debt Forgiveness and Consolidation

Not many people realize the benefit of debt forgiveness and how important its role in relieving your monthly debt can be. If you’re struggling with debt, it can be tough to make ends meet. We wanted to take the time to discuss how debt forgiveness typically works, as well as different options you may be eligible for. Furthermore, if you have multiple debts, did you know you might qualify for a debt consolidation loan? We’ll explain how, what the benefits and risks are, and we’ll even teach you about the debt to income ratio, which may just save your wallet in the long run.

Credit Scores and Reporting

Whether you want to know what credit scores are considered good or bad, how to get a credit check total, or learn more about the fair credit reporting act, we have you covered. We also teach you about credit reporting and how to read your credit report once it comes in. Even if you have a good credit score, it’s good practice to monitor it on a regular basis to ensure no discrepancies pop up in the paperwork, ensuring smooth sailing when it comes to credit checks.
We believe that learning what a good credit score is and how to check it are some of the fundamental steps to repairing your credit. After all, to fix something, you first have to familiarize yourself with it.

Credit Repair

Forget bad “credit repair companies” trying to nickel-and-dime you for their services, piling up their fees until you leave their office with a worse credit score than when you came in. The real credit repair pros can repair a bad credit score in no time at all, leaving you with sound financial advice and opportunities for the future.

We discuss the best methods of credit management, how to build credit, credit repair, and much more on this section of the website. We even take time to write in-depth reviews of the best credit repair companies we know, getting your credit repair efforts started out on the right foot. No matter how bad your credit is or how much debt you’ve accrued in the past, your journey to a healthy credit score starts with credit repair.

Take Back Your Financial Future

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