1. Monthly payments This is the most important of all the factors which is your payment history. How diligent you have been with your credit in the past makes up one third of the score and it makes sense, right? If you have paid the credit payments properly in the past, then lenders are more […]
Category: Basics
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4 Ways to Improve Your Credit Score
First, leave the past and focus on the present and future, meaning from here on do not miss any monthly payments. At least pay the minimum payments so that your credit score is not affected. Secondly, audit your credit report and check if there are any mistakes or errors. Sometimes it’s possible that there may […]
What is it? It’s a debt repayment strategy where you pay off the higher interest rate debt first, then move on to lower interest debts. How does it work? This method works by first listing out all the debts you have in the order of higher interest rates to lower interest rates and allocating your […]
What is it? It’s a debt repayment strategy where you pay off the smallest debt first, then move on to pay off higher debts. How does it work? It works by first paying the minimum payments for all your existing debts. Then sorting all the debts you have in the order of balance while the […]
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Personal Loan – What you need to know
What is a personal loan? Personal loan is a type of loan where you borrow money to fulfil a variety of needs and wants. Mostly, in a personal loan, you are free to use the funds any way you wish, like paying for a vacation, debt consolidation, etc. It is mainly availed for financing large […]
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Earning Methods – Part 1
Traditional employment
What is health insurance? Health insurance is a policy or legal agreement between you and the insurance company (the insurer) to protect you from future health related illness and injuries including hospitilizations, treatments, surgeries, etc, in return for a premium charged monthly or yearly. Health insurance is critical in todays world where things like habits […]
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Investing, Saving, Compounding & Inflation
What is investing? Investing is putting money in assets that are expected to give a decent return in the future. Investing makes your money work for you. Returns on investments are mostly either through capital appreciation or regular income. Investments usually give decent returns only after a period of time, typically many years. There is […]