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 with bad credit
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
Dear Penny, My boyfriend has gotten himself into a very tight money situation. He is a 28-year-old personal trainer at a gym. Money for personal trainers in gym settings is not ideal by any means. He can barely afford to pay his rent. He’s had to stop paying car insurance. Quite often, he is struggling to survive. The company that he got his car loan from has taken the car. It is going to cost a lot of money to resolve the situation. He has pretty much no money for anything but rent. To top it off, he has nine days before they auction the car. Any suggestions for how to get $200 to $1,000 in nine days with bad credit and no money to put up for it? I know $1,000 is unrealistic, but honestly anything over $100 would be so helpful. -E.Dear E.,I can tell you have a big heart. You see someone you care for deeply struggling to get by, and you can’t help but think about ways to help him. I have been there more than I’d like to admit. It starts with this nagging feeling that … [Read more...] about Dear Penny: My boyfriend’s finances are a mess. How can I fix them?
Credit scores are needed to qualify for a car loan or mortgage. And the way you establish a credit history is by getting a credit card, right? That's a familiar personal finance myth that has led millions of Americans to get their first credit card -- and risk falling into high-interest debt, experts say. The average American in 2017 had two-bank issued credit cards and carried $5,551 in debt, according to the credit bureau Experian. Collectively, Americans have $1 trillion in credit card debt, more than any country in the world. Here are four ways consumers can create a credit history without falling into the credit card trap. Report monthly bills like rent and utilities Bills like rent and utilities traditionally aren't used to create a credit history – only loans are. But new companies and scoring models are springing up that include monthly bills like rent, said Robert Harrow, a credit card specialist with ValuePenguin. Those bills include rent, cell phone, internet, … [Read more...] about 4 ways to build good credit without using a credit card