A good credit score can unlock many possibilities in your life, making it easier for you to secure a loan, rent an apartment, or start a business. However, according to a recent survey conducted by LendEDU, about 25 percent of millennials do not know what a credit score is. A total of 500 people aged 17 to 37 participated in the poll, which tested their credit score knowledge.
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Your credit score might just be a few numbers on a screen, but it can determine a surprising amount of factors in your life. For example, did you know the following can – and do – check your credit score?
Once your credit score is turned truly terrible and new credit appears to be unlikely, there are a variety of options to consider. First, don’t ever let bad credit get you down. There are millions of consumers who are having the same financial difficulties and struggling to review what options are left. There is always hope for someone who has bad credit and a bad credit score.
Regardless of how bad a credit or debt situation may be, there are always some actions that can be taken. Actions that can increase your credit score or actions that can be taken to simply handle your debt payment problems.
Everyone always talks about credit cards. You’ve probably seen the term when buying things online. No doubt you’ve also come across the term on this site! But what are credit cards? There’s a lot to understand about credit cards. So, I’m going to talk about what they are and some of the key things you need to know.
What Is A Credit Card?
Credit cards are a great way for people to spend and, potentially, save money. If you have a credit card, then you’ll be given a certain amount of credit each month. It’s a very easy way for you to pay for pretty much anything you want. Essentially, you’re borrowing money from your bank, in a safe manner. It’s also a far safer way of paying for expensive items when compared to a debit card.
Just as the terms and structure of your settlement payments are unique to your particular situation, the decision to sell any or all of your payments in the structured settlement secondary market is one that must be determined based upon your personal needs and circumstances. The following advantages must be painstakingly weighed against the benefits you will lose and the financial impact the sale will have on you now and in the future.
A Large Lump Sum Now
“A bird in the hand is worth two in the bush.” Access to a large sum of money now may be far more appealing than receiving small payments over a number of years. Are you trying to purchase a home and paying with cash will net a much better purchase price than securing a mortgage? Do you want to start your own business or invest in a business that you will be actively involved in? Is there a new medical advancement that will greatly benefit your health that you need funds for? Do you wish to pursue a college degree to improve your circumstances or train for a new profession? These are some examples of typically sound reasons to sell structured settlement payments to access a large lump sum.