All about loans in Kenya
When picking a student loan, opt for federal options first before private loans. Picking the right student loan can make a big difference when it comes time to repay your debt from college. If you’re unsure what type of loan to choose, a good rule of thumb is to pick one that offers a low […]
Extra payments will help pay off student loans fast, but you can also refinance to get a shorter loan term and save on interest. The best way to pay off student loans fast is to pay more than the minimum each month. The more you pay toward your loans, the less interest you’ll owe and […]
Once you’ve taken on a medical debt, you should treat it just like any other debt. Decide on a plan for tackling it, such as working your necessary payments into your budget and cutting down discretionary spending. You may be able to free up cash for medical bills by taking care of other debts. Look […]
If you get slammed with a monster-size medical bill, and you don’t have the funds readily available to pay it, don’t panic. There are steps you can take to negotiate your bill down to a lower amount or make smaller, more manageable, payments. Check the Bill for Errors This can be tricky because medical bills have their […]
If you just finished school or found a new job, it may seem daunting to get all your finances in order and prepare for the years ahead. Here are a few tips for getting started. If you’re just starting to manage your own finances, you may have noticed there’s a lot of advice out there. […]
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 out or your car payment. […]
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 more effort into paying off […]
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 the bigger balance. Of course, […]
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, rent and cell phone service. […]
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 going to take time and […]