Prepaid cards have become popular alternatives to credit cards in recent years for two reasons: they help people build or rebuild credit, and they help people control spending. Just like it sounds, a prepaid credit card is a credit card that you put down an initial deposit, and your spending limit is equal to that…
Tag Archive: Debt
Take Advantage of the Housing Market to Become a Landlord
One way to build wealth is to become a landlord. As you gain rental properties, you will have more and more passive income at your disposal, which can help supplement your day job income and increase your cash flow. Take, for instance, Matt and Jessica who bought a home 10 years ago and have been…
When is Getting a Cash Advance a Good Idea?
With today’s tough economy more and more people are using cash advance as a way to meet their temporary needs. Many more are considering using them for the first time. However, used irresponsibly, these loans can end up being more trouble than they are worth. Still, they have been proven very helpful for some. Before…
5 Reasons a Lender may Decline a Home Loan
Filling out and filing the necessary paperwork needed to get a mortgage for a new home is a daunting experience. More difficult still is getting a call from the bank or financial institution stating they have denied your request. Getting the news may be difficult, and the reason for their denying you may be unclear….
Buying a Car with a Personal Loan
Are you a young adult who needs a car but has not yet established credit? If so, you may want to consider buying a car with a personal loan financed by a trustworthy family member. When I was 19, I needed a car, but I had not yet established credit. I was denied a car…
