Stickin It To The Banker Man

When it comes to getting loans for people with poor credit, it's mostly bad news. You will undoubtedly need to spend significantly more when it comes to gaining access to this loan. You should also know that one of the best possible thing that you can do when dealing with these life draining loans is to watch your credit score.

You see, even if you completely ignored all of reasonable advice of all your elders and loved ones and ignored your credit rating and decided that paying 3 times more for your loan is something that you want to do, you can still save money! You can still save money by taking the time to watch that score.

Why would you need to keep track of your credit score, after all, you already accepted the fact that you will be spending all that extra money on that loan. What you will need to understand is that as you pay of this horrible loan, you will actually be increasing your credit score. What exactly does this mean for you? Well heck, who knows, maybe in a few years, or if you're lucky a few months, you will be able to see a noticeable increase in your credit score. This means that you will be able to either renegotiate your current rate, or more likely, get a new loan from a new bank!

That's right, much like they made you work for that high interest loan when you had a poor credit rating, you can now make them work on competing for your business. You will be amazed at how much of a difference this small three digit number can make. Hopefully, at this point you will be able to keep your score nice and beefy, which will save you even more money on future loans without having to go through the process of dealing with a bad credit loan.

So, what have we learned today? Just because you had to work for and settle on a high interest loan doesn't mean that you can't stick it to the banker man a bit further down the road. Don't just sit back and let life push you around, take control of your money and improve your life the smart way, the same way the bankers do!

How Much Will A Bad Credit Loan Cost You

Who ever said that money isn't everything.... was an idiot. The fact of the matter is, money is extremely important when it comes to living a happy and healthy life. If you want not only the necessities of life but to be able to provide a comfortable lifestyle for both you and your family, you are going to need enough money to get it done.

Most people who have bad credit have one thing in common, they are not rich. In fact, many people with poor credit scores don't have much money at all. This makes loans for people with poor credit even more devastating. The fact that, when you do need a loan (and you will at some point), you will have to pay more than 4 times, on average, what some one with good credit will pay is a terrible fact of life. Those of you that are wondering just how much having bad credit will cost you should really crunch the numbers.

Let's take the most common, and in my opinion, most important loan, the mortgage. The average mortgage will run a 6% interest rate. Those of you that will be applying for a mortgage loan with bad credit will most likely pay closer to 18%. Heck, that's almost as much as the average credit card interest rate. Even a regular mortgage will cost quite a bit of money let alone if you have to pay 3 times the interest.

This particular article isn't about taking steps to fix that terrible credit score. This article is simply here to let you know just how much having bad credit can cost you. People keep this in mind when you pass up any opportunity to clear any hardships that you may have collected over time. Take the initiative to change your future financially and fix that credit score.

Stay tuned and learn various ways that you can not only help improve your credit score and save as much money as possible when it comes to huge wastes of money like interest that only lines the pockets of those that already have too much money.

Did You Really Think That You'd Be Able To Go Your Whole Life Without A Loan

Most of us, at least the people that I know, did not spend much time worrying about our credit scores when we first turned 18! We were all too busy enjoying our newly acquired credit cards and feeling like adults. Though we may have grown a bit more careful with money as the years piled on, we still remained ignorant when it came to our credit history and scores. Did you really think you would be able to go through life without ever applying to a loan? Did you really, truly believe that you would be able to go through life without ever needing to apply for a loan! Of course not, like many of us, it wasn't that you didn't think you would ever need a loan, it was that you didn't think about those things at all. The closest you came to being conscious about money was saving as much as you could in your savings account and cutting back on frivolous spending.

While saving money and living more frugally are definitely great traits to develop, there is a ton of money lost each and every year, heck each and every month, by people just like you and me! People that were not aware of how important your credit rating was! People that are now slaves to banks and other lending institutions! Do you have any idea how much money is wasted on 1% interest on a 30 year mortgage, thousands upon thousands of dollars, just from 1% APR on one mortgage. This is something that always amazes me, how much money people waste on something as ridiculous as interest. Now, don't get me wrong, you can not go through life without getting a loan now and again. Whether its a personal, auto or home loan, you will, at some point in your life, need to borrow money. I order to make sure that you save as much as possible, be sure to keep a close eye on your credit score.

Think about it this way, you can scrip and save all the money that you want throughout your entire life but it will all be for not if you waste this hard earned money on interest that will only line the pockets of already rich "fat cat" bankers. Do yourself a favor and weigh your options more carefully. Sometimes, it may seem like you are doing what is best for your finances but really, you are doing yourself a disservice.

Here at loans for people with poor credit, our goal is to open your eyes, so to speak, and teach you how to really save money and how to see your financial future, at least further than a few weeks or months. You will learn to see years in the future and make the best decisions that will help you save the most money in the long run and yes, it is mostly ways to increase your credit rating.

So, it starts now! The lessons that you will need to learn in order to make the most from your money!