Credit Cards Tips for You

Secure Application CREDITSHOUT RATING: Very Good If you are a Continental OnePass member, it may seem like these are turbulent times – pardon the pun.

As of March 3rd, Continental OnePass merged into United MileagePlus. However, all the talk and action regarding the merger between Continental and United really doesn’t require much of you and won’t cause too much of a stir in your financial life.

What will the merger mean for you? Will your rewards be safe? Let’s find out!

Popular Questions Filling The CreditShout Inbox

Will I Have to Manually Transfer My Account?

Alright, you’re going to have to listen to a robot tell you to select from a bunch of options, wait on the phone forever and talk to an overwhelmed customer service representative to switch over to the MileagePlus plan, right? Maybe you’ll have to fill out a load of paperwork, too, while walking backwards across a tightrope. This is going to be a hassle, isn’t it? Not exactly.

As of March 3rd, you’ll automatically be enrolled in United MileagePlus. Your OnePass ac

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Owner financing, occurs when the seller of a home finances all or a portion the sale of his or her own property. This is often referred to in real estate ads as “Owner Will Carry” or similar wording, meaning that the owner of the property will, in effect, act as a bank and loan the purchaser all or part of the money needed to purchase the owner’s property.

There can be several advantages to the seller for carrying a note, as it is also known. There can be tax advantages in spreading out the time over which an owner receives the money from the sale of a property. Also, many owners simply like the idea that they can receive a monthly income from a property even after they have sold it – and no longer have to worry about repairing leaky roofs or replacing dead water heaters.

There is a nice monetary inducement to the owner to carry paper as well – the owner can charge the buyer interest on the money that the owner is lending to the buyer. In this w

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I’m not a big advocate of credit builder loans because they essentially promote taking on debt for the sole purpose of building credit, and I don’t think that’s a very smart way to approach the credit-scoring game. However, credit builder loans might be a decent option for those who feel like their back is up against the wall because they’ve run out of traditional ways to build credit.

If this includes you, here’s a brief explanation of how credit builder loans work and why you might find them useful on your credit-building journey.

What is a Credit Builder Loan?

Credit builder loans typically come in two forms and are offered by credit unions or small community banks.

In some cases, the borrower makes a deposit with the lender who places the money in an interest-bearing account and provides a line of credit to the borrower for the same amount. The borrower then makes monthly payments, which are reported to the major credit bureaus until the loan is paid off in full.

In other cases, the lender will actually place the amount that is loaned directly into an interest-bearing savings account. The borro

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The majority of people were aware that it was very easy and quick way to get a cash loan. Because these loans are not dependent on your credit reports and they do not require any true collateral then the majority of them were processed within just a few days.

There was a time in the past, when these loan companies would make you do things like come to their offices and bring a valid picture I.D. to prove you were over eighteen. Getting a check stub from your last couple of paydays to prove you were gainfully employed, and to bring a check to prove you had an active checking account, and to give them the names and phone numbers of three individuals who were not related to you as character references. When you left they would call your character references, they would check to make certain the checking account was active, and they would verify that you were still employed. Then they would call you to tell you the loan had been approved. This process could take two to three days.

Now the internet has given us all instant access to information so most of the calling and checking is no longer necessary. Read more…

Payday loan companies are currently under scrutiny from the OFT amid concerns they may be targeting borrowers in financial difficulty.

Although companies operating in this sector say they are responsible lenders who deal only with customers who are in work and have the means to repay their loans, as Amelia Gentleman shows some are being allowed to take on debts even if they have no job and no way to service them.

We would like to find out more about the people taking out payday loans. Have you borrowed in this way, and if so was it through choice or as a last resort? Were you able to repay it in time or did you have to “roll over” your borrowing? If you would like to share your story please fill in the form below.

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