All about loans in Kenya
Now that you understand how student loans can affect your credit, make sure you follow a few guidelines to ensure your student loan debt only helps – not hurts. Only borrow what you need. It might be tempting to borrow extra student loan money to pay for noneducational costs like dining […]
Everyone with even a little bit of debt has to manage their debt. If you just have a little debt, you have to keep up your payments and make sure it doesn’t get out of control. On the other hand, when you have a large amount of debt, you have to put […]
Start With Small Debts to Help You Conquer the Big Ones If you have a mountain of debt, studies show paying off the little debts can give you the confidence to tackle the larger ones. You know, like paying off a modest balance on a department store card before getting to the card with […]
Always pay on time. Payment history heavily influences your credit score. In fact, it is the most influential factor for FICO and Vantage Score. To stay on top of your payments, set up a calendar reminder or enroll in automatic payments. The on-time payment goal applies to all your bills, including utilities, […]
Now, all this isn’t to say that having bad credit will ruin your life forever. So, if your credit is a bit worse for wear, don’t panic, because it is possible to repair it. The key here is to be patient and proactive. If your credit is damaged severely, it’s […]
Even with the proper planning and familiarizing yourself with your benefits, it’s easy to find yourself saddled with overwhelming debt. Whether you’ve had a major operation or your child broke his leg, receiving medical care is expensive. Luckily, there are a few different ways to handle it, many that are […]
Medical bills generally don’t appear on credit reports until they’ve gone unpaid for at least 180 days. But once an unpaid medical bill goes to collection, the collection account can appear on your credit reports — and stay there for up to seven years, even if you eventually pay. When […]
If you haven’t kept current with your student loan debt, you could be in default. Your student loans are placed in default if you haven’t made a payment on them in over 270 days. When your loans go into default, they typically transfer over from a student loan servicing company to […]
If you haven’t kept current with your student loan debt, you could be in default. Your student loans are placed in default if you haven’t made a payment on them in over 270 days. When your loans go into default, they typically transfer over from a student loan servicing company to […]
Draft a Financial Vision Board You need motivation to start adopting better money habits, and if you craft a vision board, it can help remind you to stay on track with your financial goals. Set Specific Financial Goals Use numbers and dates, not just words, to describe what you want to […]