Atlanta Credit Experts

  You may have considered lending money to a family member who fell into a hard time at some stage in his/her life. This will be an excellent way to ease the blow and support a loved one in distress if you are financially willing to take the necessary precautions. But keep in mind that, much as in an aircraft, you must first put on your own “cover” before attempting to assist others. A loan for families has its advantages and its disadvantages. Firstly, if you need loan funds, a family member would probably not review your  credit rates  or dock your ratings if you’re not fully scheduled for repayment. On the other hand, if a family loan defaults or, worse, a failure to pay the cash back on time, the relationship with the lending family member may be negatively affected and their savings seriously damaged. All parties should document and counteract the terms of the loan. You can also have the paperwork signed by a third-party witness, such as a CPA or a financial planner....

  If you get tardy on your car loan payments, your vehicle can be repossessed or taken over by the lender. And if there isn’t any court order, this would happen. This will not only leave you without a vehicle, but it will also have a long-term adverse effect on your credit. In the future, this will make it more challenging to apply for another car loan, as well as  credit cards  or a mortgage. Learn how repossession works, what it means for your credit reputation, and how to get your credit back on track after your vehicle is repossessed. What Is Repossession? Repossession occurs when an auto dealer takes ownership of your car without notifying you or obtaining court approval. State-by-state car repossession regulations differ; your vehicle purchasing policy can explain how and where your auto lender will repossess your vehicle. When you get behind on your car loan payments, you will face repossession. Your lender will be entitled to begin the repossession process after t...

  Highlights: Your credit ratings are very important in determining your eligibility to obtain credit. It’s critical to comprehend how your acts can – or may not – affect your credit scores. Be wary of “credit restoration”  businesses  that promise a “fast fix” for your credit score. Higher credit scores can give prospective lenders and borrowers more confidence when considering a  credit request . Remember that credit score typically varies from 300 to 750 and your credit ratings play an essential part in determining whether or not you qualify for a loan or credit card, as well as the conditions on which you are eligible. It’s critical to comprehend how your acts can – or may not – affect your credit scores. So, now, if you’re looking to mend changes in your credit scores, keep reading to find six misconceptions that, if ignored, might hold you back. Your Credit Scores Will Suffer If You Check Your Credit Reports or Statistics. No way. Your credit ratings are unaffe...

  When it comes to planning for education, students must weigh all the financial assistance options. Scholarships and grants are the preferred types of  financial assistance since they are non-repayable and can be called free money. Even with scholarships and federal loans, most students will face a financial deficit in their education fund that will necessitate using a student loan in any manner. If you take out a federal loan or a private lender loan, there are advantages and disadvantages to remember for all student borrowers. A loan of some sort is a significant financial commitment, and a well-informed student would be in a much stronger position to find the best loan deal possible. Plain Good Deals on College Loan Terms  Many citizens are rightly wary of taking out a loan. Any loan is a big commitment and, therefore, must not be treated seriously. However, student loans are often required in order for a young person to pursue their college aspirations. Student loans...

  Customer acquisition for credit card companies has evolved into a rat race in which even the tiniest chances to attract customers are not overlooked. Pre-approved  credit cards  are an example of this. If you check every email we are sure that your inbox column would have at least two to three offers of such credit cards from three to four different banks. These deals are received by almost all of us. But what exactly should be done with these offers? Should we condemn them outright or do we go for it? But do you know that between the hasty acceptance and rejection decisions, there is another path to take: information and study. Keep reading to understand the hidden reality of pre-approved credit cards, the advantages, repercussions, and misconceptions surrounding the same.  Be Doubtful, Not Debtful It’s important to first understand the product, its flaws, and what it can do for you in the long run. Credit cards are so widely available these days that it’s temptin...