Maurie Backman The Motley Fool Published 5:00 AM EDT Mar 25, 2019 You've probably heard that it's important to keep your credit score as high as possible. If you don't, you may not get approved for the next credit card you want, or you may get approved with a lower credit limit and a higher interest rate than you'd like. The truth, however, is that having bad credit won't just cramp your spending style – it might also prevent you from doing some of the things functional adults take for granted. What's considered a bad credit score? First, know this: That number can range from 300 to 850, so the closer you get to the bottom end of that range, the worse shape you're in. Generally speaking, a score of 700 or above is considered "good" or "excellent," while 650 to 699 is considered "fair." On the other hand, a score of 600 to 649 is considered "poor," while anything below 600 is, well, pretty much abysmal. Check out these tricks: These 3 surprising hacks can seriously boost … [Read more...] about Bad credit scores make it harder to get mortgage, car loan, apartments
Car finance bad credit
Dear Penny,My mechanic just told me my 16-year-old car is a fire hazard and that my only option is to sell it for scrap metal. I’ll probably get $100 for it.I have no money saved, and I’m recovering from wrecking my credit in college. But I need a car ASAP. Public transportation where I live is a joke, and my job requires me to travel across three counties.I know I’m going to have a high interest rate due to my bad credit, and I’m OK with buying an older used car. But I’m terrified of negotiating with a used-car salesperson. My parents worked out the terms of the deal when I bought this car as a teenager. I’m afraid the salesperson will sense my desperation — especially since I don’t have a trade-in and I don’t have much time to shop around — and tack on extra fees and interest.Any tips that will help me deal with a used-car lot?Sincerely,Carless and Credit ChallengedDear CCC,While we advocate for buying used cars and … [Read more...] about Dear Penny: I need a car, but my credit is awful. Will I get ripped off?
By Amy Osmond Cook | Orange County Register PUBLISHED: April 28, 2017 at 10:36 am | UPDATED: June 8, 2017 at 2:28 pm Denied. Your bad credit history strikes again. You didn’t even plan on applying for credit; You just wanted to get a 15 percent discount on your Macy’s purchase by applying for a store credit card. Nobody enjoys being reminded of past mistakes, but when you have a bad credit history, you are reminded of those financial mistakes every day. And not only is that a blow to your emotional well-being, it’s also bad for your health. Bad credit = stress When you face credit checks for typical consumer decisions like buying a cell phone, requesting a gas card, or even applying for a new job, it’s hard to think about anything else, and that can be stressful. “It’s no mystery that stress relief is critical for our emotional and psychological well-being as well as for our physical health,” Kimberly Rotter, a personal finance expert for … [Read more...] about 3 ways bad credit can ruin your health
It's easier to buy a home in this South Texas city. Here are seven median-priced home for sale there. Sara Ventiera, provided by Published 5:00 am CDT, Monday, September 10, 2018 Corpus Christi is among the top 10 U.S. cities where you can get a mortgage with poor credit. Click ahead to view 7 median-priced homes for sale in the South Texas city. Corpus Christi is among the top 10 U.S. cities where you can get a mortgage with poor credit. Click ahead to view 7 median-priced homes for sale in the South Texas city. Photo: Tony Frenzel Click ahead to view 7 median-priced homes for sale in Corpus Christi, Texas. 8209 Rock Crest Drive, Corpus Christi: $223,000 4 beds / 2.5 bathrooms Click ahead to view 7 median-priced homes for sale in Corpus Christi, Texas. 8209 Rock Crest Drive, Corpus Christi: $223,000 4 beds / 2.5 bathrooms … [Read more...] about Corpus Christi among top 10 U.S. cities where bad credit won’t stop you from buying a home
In the market for a used car, but not sure where to begin? Your head may be spinning, because so many dealerships are offering great deals on older models, to make way for the new models coming soon.The time is right: Choosing to buy a used car is a great way for you to go. And here is an excellent way to begin your search. Go to www.berlincity.com, and you’ll find a huge selection of used and certified pre-owned vehicles. You may wonder why you see both used cars and certified pre-owned cars for sale. That’s because there are some differences between the two. Certified pre-owned vehicles (CPO) have lower mileage; can be no older than eight years; and depending on the manufacturer and the dealership, CPO vehicles will come with a number of guarantees. Many certified pre-owned automobiles at www.berlincity.com look brand new. They may not have the new-car smell we all love, but they certainly feel and look like new cars. The strict CPO inspection process ensures that there … [Read more...] about ON RAMP: Buying a used car, made easy