Debt consolidation means rolling up multiple debts into a single lower-interest loan. Here are five tips for successful debt consolidation: Understand Your Debt Before consolidating debt, know how much your debt and monthly interest is. The primary goal of debt consolidation is securing a lower interest rate, so it’s easier for you to make your ...

Managing a personal loan can be difficult, especially if you’ve taken one for the first time. Here are four tips to make handling a personal loan a stress-free experience. Chalk out A Budget Irrespective of whether you have a loan, having a budget helps you take care of your finances. Managing a personal loan without ...

Don’t Accept a Tip without Research Never accept a stock tip without researching a company on your own. Long-term success requires thorough research. Resist Low-Priced Stocks Some people mistakenly believe low-priced stocks are less risky. Whether a $5 stock dips to $0 or stock worth $75 does it, you lose your complete initial investment in ...

A poor credit score can be an obstacle in setting up utilities and renting an apartment. It takes longer to mend a bad credit score than to build a good one. Wondering how you can improve your credit score? Here are some tips. Pay Your Bills on Time It’s a good idea to set up ...

People with bad credit scores (300-639) can rebuild their credit by using credit cards responsibly. Secured credit cards are the best for such people as they offer the highest approval chances and charge the lowest fees. Here are some credit cards for people with bad credit: Applied Bank® Secured Visa® Gold Preferred® Credit Card This ...

Refinancing replaces your original mortgage with a new one. When you refinance, the first loan is paid off, and another is created. Why Do People Refinance a Mortgage? Homeowners may refinance for several reasons, including: Lowering Interest Rates: Homeowners can refinance their mortgage if the rates decline. As people work and make more money, they ...

Life insurance is a legally binding contract between an insurer and a policyholder. As per this contract, the former guarantees paying a death benefit to the listed beneficiaries when the policyholder passes away. The insurer provides this in exchange for premiums the policyholder pays. Who Should Buy Life Insurance? Life insurance provides financial protection to ...

Dos Answer All Questions Truthfully: Be sincere in answering all questions so that the insurer knows about your high-value possessions, the size of your home, the style of construction, other structures, unusual features, and the major improvements required. Inform Your Agent About Home Improvement Projects: Most insurers require policyholders to inform them about home renovations that ...