How to Get a Loan With Bad Credit
A lot of people make financial mistakes that affect their credit for the worse. Despite warnings that bad credit will discourage lenders from issuing loans, there are a number of lenders who specialize in loaning money to people with bad credit... Read on to learn how you can get a loan with bad credit...
Step 1: Circumstances
Your options are based on your credit history, and some circumstances may limit you more than others. Circumstances that affect your chances for obtaining a loan include:
Credit score:
A credit score of 580 or lower will severely limit your options.
Multiple credit checks:
Checking your credit score too often can affect your credit rating.
Creditor malfeasance:
If you have recently filed for bankruptcy you may only be able to get a high-interest loan or a restricted credit card.
Recent Credit card and previous loan default on your record...
Step 2: Loan Options
Depending on the severity of your circumstances, you may be eligible for one of two things:
An unsecured personal loan
A restricted credit card.
Both of these options come with very high interest rates, which may only increase your debt. High interest rates will skyrocket your monthly loan payments, which could result in surpassing your credit limit if you are unable to pay more than the minimum due. Surpassing your credit limit means penalty fees, and before you know it, your monthly payments become completely unaffordable and you are right back where you started...analyze the following factors:
...Determine how much you can afford to pay back each month.
Avoid making only minimum payments.
Only borrow what you can afford to pay back quickly.
Step 3: The Application Process
If you are applying through a bank...Be sure you have all of the necessary documents and information handy:
Driver's license
Social Security number
Evidence of assets (i.e. property deeds, vehicle titles)
Income documentation
Be sure to examine the terms of the loan, and...negotiate the interest rate so your monthly payments are affordable. Before signing the application, be sure that all of the terms of the loan are terms you agree to so that there are no surprises later. Again, you will want to examine the expected monthly payments and only borrow what you can afford before you sign anything.
Step 4: Getting a Business Loan With Bad Credit
Many people dismiss the idea of getting a business loan because they feel their credit score will deter them from starting that new business. First and foremost...sit down with a financial adviser and determine your options. If your credit is poor and there is recent evidence of creditor malfeasance on your credit report, you may not be able to obtain a business loan...
Step 5: Getting a Car Loan With Bad Credit
There are a number of bad credit lenders in the United States who are more than happy to extend you the funding you need to get a car. As with any other loan, you will need to present the proper documentation, such as income history and credit score information before you can get approved...
Step 6: Borrowing Outside the Bank
Not everyone has the luxury of friends and family with a little extra money to lend, but this is definitely an option to consider. If you are unable to get a loan from a financial institution, look around at the people in your life and evaluation whether or not one of them may be able to help you out. Consider the following options:
Friends Family Your employer
Step 7: Turning Over a New Leaf
It is important when you meet with the lender that you demonstrate the efforts you are making to turn over a new leaf. One surefire way to do this is to only borrow what you need... You may also want to consider showing them your efforts to clear up any debt you may have accrued that put your credit in poor standing...
Part of turning over a new leaf means doing everything in your power to live within your means, and to make sure you make every effort to repay your loan in a timely manner.
Conclusion
During difficult financial times, there is still hope of getting a loan—even if you have bad credit... Some circumstances, like an extremely low credit score or a recent bankruptcy, may make it difficult for you to get a loan. In some cases, a high-interest credit card with restrictions may be your only option.
When you meet with a lender, bring all of the required documentation with you. After filling out the loan application, be sure to review the terms of the loan so there are no surprises later. Above all, use this opportunity to rebuild your credit. Stay on top of your payments and do everything in your power to get the new loan paid off in a timely manner.
Source: http://www.mahalo.com/how-to-get-a-loan-with-bad-credit accessed December 20, 2009
Sunday, December 20, 2009
Thursday, November 12, 2009
Toasty Cocoa
Ingredients
2 cups powdered sugar
1 cup cocoa (Dutch-process preferred)
2 1/2 cups powdered milk
1 teaspoon salt
2 teaspoons cornstarch
1 pinch cayenne pepper, or more to taste
Hot water
Directions
Combine all ingredients in a mixing bowl and incorporate evenly. In a small pot, heat 4 to 6 cups of water.
Fill your mug half full with the mixture and pour in hot water. Stir to combine. Seal the rest in an airtight container, keeps indefinitely in the pantry. This also works great with warm milk.
Source:
http://www.foodnetwork.com/recipes/alton-brown/hot-cocoa-recipe/index.html
Accessed November 12, 2009 @ 10:41 a.m.
2 cups powdered sugar
1 cup cocoa (Dutch-process preferred)
2 1/2 cups powdered milk
1 teaspoon salt
2 teaspoons cornstarch
1 pinch cayenne pepper, or more to taste
Hot water
Directions
Combine all ingredients in a mixing bowl and incorporate evenly. In a small pot, heat 4 to 6 cups of water.
Fill your mug half full with the mixture and pour in hot water. Stir to combine. Seal the rest in an airtight container, keeps indefinitely in the pantry. This also works great with warm milk.
Source:
http://www.foodnetwork.com/recipes/alton-brown/hot-cocoa-recipe/index.html
Accessed November 12, 2009 @ 10:41 a.m.
Wednesday, November 11, 2009
Tax Credit Update
Click on the link below for the latest on the tax credit updates including both extension and expansion:
https://owa.newenglandmoves.com/exchange/Becky.Bonafilia/Inbox/TaxCreditExtensionNE%2011-09.pdf.EML/TaxCreditExtensionNE%2011-09.pdf/C58EA28C-18C0-4a97-9AF2-036E93DDAFB3/TaxCreditExtensionNE%2011-09.pdf?attach=1
I am only a phone call away if you need any clarification on the tax credit.
https://owa.newenglandmoves.com/exchange/Becky.Bonafilia/Inbox/TaxCreditExtensionNE%2011-09.pdf.EML/TaxCreditExtensionNE%2011-09.pdf/C58EA28C-18C0-4a97-9AF2-036E93DDAFB3/TaxCreditExtensionNE%2011-09.pdf?attach=1
I am only a phone call away if you need any clarification on the tax credit.
Wednesday, October 21, 2009
Sunday, October 18, 2009
Mortgage rates more attractive than ever
Mortgages under 5% are back in bloom
With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.
feed://rss.cnn.com/rss/money_realestate.rss...
NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.
Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row.
Freddie Mac's (FRE, Fortune 500) weekly report said the 30-year rate slipped to 4.87% for the week ended Thursday, the lowest since May. According to the mortgage backer, last week's rates stood at 4.94%.
Mortgage tracker Bankrate.com said the average 30-year fixed loan slipped to 5.22% from 5.25% the previous week. The 15-year fixed rate also fell, Bankrate said, to 4.6% from 4.64% the week before.
The 30-year rate is influenced by the benchmark 10-year note's yield, which moves in the opposite direction of its price. Treasury prices have risen over the past week as $78 billion worth of auctions received above-average demand.
"Another disappointing employment report had investors questioning the strength and sustainability of the economic rebound," the Bankrate report said. "The resulting uncertainty drove investors into the safety of government and mortgage-backed bonds." ...
Rates are returning to levels not seen since the spring when, in an effort to cap mortgage rates, the Federal Reserve began a campaign to buy back $300 billion in Treasurys...
Mortgage rates fell as refinancings abounded. But those benefits seemed to wear off, as rates started on a tear in the summer. By June, the benchmark 10-year bond's yield had increased steadily to hover around 4%....
On Wednesday, reports said Democratic congressional leaders were working to extend a $8,000 tax credit for first-time home buyers past the Nov. 30 expiration date and could even make it available to current homeowners who buy a new house.
Homeowners have received a boost from both the tax credit and the lower rates -- last year, the average 30-year fixed mortgage rate was 6.2%, according to Bankrate.
To translate the difference in mortgage rate into dollars, consider a $200,000 loan. At last year's rate of 6.2%, the monthly payment would be $1,224.94, or $124 higher than the monthly payment at the current rate...
First Published: October 8, 2009: 12:32 PM ET
Source: http://money.cnn.com/2009/10/08/real_estate/mortgage_rates/index.htm?postversion=2009100813 accessed Oct. 18, 2009 9:25 a.m.
With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.
feed://rss.cnn.com/rss/money_realestate.rss...
NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.
Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row.
Freddie Mac's (FRE, Fortune 500) weekly report said the 30-year rate slipped to 4.87% for the week ended Thursday, the lowest since May. According to the mortgage backer, last week's rates stood at 4.94%.
Mortgage tracker Bankrate.com said the average 30-year fixed loan slipped to 5.22% from 5.25% the previous week. The 15-year fixed rate also fell, Bankrate said, to 4.6% from 4.64% the week before.
The 30-year rate is influenced by the benchmark 10-year note's yield, which moves in the opposite direction of its price. Treasury prices have risen over the past week as $78 billion worth of auctions received above-average demand.
"Another disappointing employment report had investors questioning the strength and sustainability of the economic rebound," the Bankrate report said. "The resulting uncertainty drove investors into the safety of government and mortgage-backed bonds." ...
Rates are returning to levels not seen since the spring when, in an effort to cap mortgage rates, the Federal Reserve began a campaign to buy back $300 billion in Treasurys...
Mortgage rates fell as refinancings abounded. But those benefits seemed to wear off, as rates started on a tear in the summer. By June, the benchmark 10-year bond's yield had increased steadily to hover around 4%....
On Wednesday, reports said Democratic congressional leaders were working to extend a $8,000 tax credit for first-time home buyers past the Nov. 30 expiration date and could even make it available to current homeowners who buy a new house.
Homeowners have received a boost from both the tax credit and the lower rates -- last year, the average 30-year fixed mortgage rate was 6.2%, according to Bankrate.
To translate the difference in mortgage rate into dollars, consider a $200,000 loan. At last year's rate of 6.2%, the monthly payment would be $1,224.94, or $124 higher than the monthly payment at the current rate...
First Published: October 8, 2009: 12:32 PM ET
Source: http://money.cnn.com/2009/10/08/real_estate/mortgage_rates/index.htm?postversion=2009100813 accessed Oct. 18, 2009 9:25 a.m.
Warm Apple Crisp anyone?
Becky's Suggestion: Added a scoop of Vanilla Bean Ice Cream to this one for a great fall treat!
Apple Crisp IV
SUBMITTED BY: rhonda
Original recipe yield 1 - 9x13 inch pan
SERVING...
INGREDIENTS (Nutrition)
2 cups all-purpose flour
2 cups rolled oats
1 teaspoon ground cinnamon
1/2 teaspoon ground nutmeg
1 1/2 cups packed brown sugar
1 1/2 cups butter
2 quarts peeled, cored and sliced apples
DIRECTIONS
Preheat oven to 350 degrees F (175 degrees C).
In a large bowl, combine the flour, oatmeal, cinnamon, nutmeg and brown sugar. Cut butter into mixture until crumbly.
Take half of the mixture and pat it into the bottom of a 9x13 inch baking dish.
Cover crumb mixture with apple slices, then sprinkle apple slices with remaining crumb mixture.
Bake at 350 degrees F (175 degrees C) for 45 to 50 minutes or until apples are tender.
Source: http://allrecipes.com/Recipe/Apple-Crisp-IV/Detail.aspx accessed October 18, 2009 @ 9:08 a.m.
Apple Crisp IV
SUBMITTED BY: rhonda
Original recipe yield 1 - 9x13 inch pan
SERVING...
INGREDIENTS (Nutrition)
2 cups all-purpose flour
2 cups rolled oats
1 teaspoon ground cinnamon
1/2 teaspoon ground nutmeg
1 1/2 cups packed brown sugar
1 1/2 cups butter
2 quarts peeled, cored and sliced apples
DIRECTIONS
Preheat oven to 350 degrees F (175 degrees C).
In a large bowl, combine the flour, oatmeal, cinnamon, nutmeg and brown sugar. Cut butter into mixture until crumbly.
Take half of the mixture and pat it into the bottom of a 9x13 inch baking dish.
Cover crumb mixture with apple slices, then sprinkle apple slices with remaining crumb mixture.
Bake at 350 degrees F (175 degrees C) for 45 to 50 minutes or until apples are tender.
Source: http://allrecipes.com/Recipe/Apple-Crisp-IV/Detail.aspx accessed October 18, 2009 @ 9:08 a.m.
Saturday, September 19, 2009
Keep Swine Flu at Bay- some tips
Infection
Swine flu: Home care tips
During an infectious disease outbreak or pandemic, hospitals can quickly become overwhelmed with patients, many of whom could probably be cared for in their home...
Like other types of flu, swine influenza (or influenza A (H1N1)) spreads from person to person via droplets of fluid that become airborne when a person coughs or sneezes. The virus may also fall on surfaces - doorknobs, cupboard handles, keyboards - and live for a period of time (some viruses and bacteria can live more than 2 hours), possibly infecting others who touch them and then touch their own nose, mouth, or eyes. That is why it is vital (to)... understand and follow hygiene and safety guidelines.
If someone in your home becomes ill, they will need to stay home for at least 7 days after onset of illness and after fever has gone down. Choose one person to be the primary caregiver to minimize the risk of spreading the virus to others.
As a caregiver, you will need to consider these home-care basics:
Get a doctor's advice. If someone shows flu symptoms, it's important for them to stay at home. But you will also need to ask a doctor a few home-care questions: Will this person need an antiviral medication? Will I and my other family members need to take any medication?... Are there medications that children can or cannot take?
Become a hygiene expert. The simple act of hand-washing significantly cuts the risk of viral transmission. All members of the household should wash their hands often using soap and water for at least 15 seconds. If soap and water are not available, an alcohol-based hand sanitizer can be used. Use paper towels to dry hands, or else assign everyone their own towel. Within the home, too, you will need to be diligent about cleaning and disinfecting areas in which the sick person stays. Take caution when handling laundry, and tumble-dry clothing and linens in a hot dryer. Wash your hands immediately after.
Give a sick person their space. Keep the sick person in a room of their own... and keep the door closed. A separate bathroom would be best, too...
Be medication smart. Follow any instructions from your doctor or pharmacist. Read medication labels carefully...
Take care of yourself. When caring for a sick person, wear a properly-fitted, government-approved face mask or respirator. Avoid face-to-face contact with the person as much as possible. If caring for a small child, hold them as little as possible...
Use masks safely...Masks should be fitted to the nose and mouth without gapping. Do not reuse disposable facemasks. Launder and tumble-dry reusable masks. Whenever you remove a facemask or respirator, wash your hands with soap and water, or use an alcohol-based hand sanitizer if soap and water are not available.
Remind the sick person of hygienic habits... As a care-giver...give gentle reminders:
Cover coughs and sneezes.
Wash hands thoroughly in soap and water, especially after coughing or sneezing, or use an alcohol-based hand sanitizer.
Throw used tissues away into a trash can lined with a disposable plastic bag.
Get plenty of rest and drink lots of clear fluids to prevent dehydration...
Amy Toffelmire
Source: http://health.lifestyle.yahoo.ca/channel_section_details.asp?text_id=5048&channel_id=1020&relation_id=22513 accessed September 19, 2009 9:46a.m.
Swine flu: Home care tips
During an infectious disease outbreak or pandemic, hospitals can quickly become overwhelmed with patients, many of whom could probably be cared for in their home...
Like other types of flu, swine influenza (or influenza A (H1N1)) spreads from person to person via droplets of fluid that become airborne when a person coughs or sneezes. The virus may also fall on surfaces - doorknobs, cupboard handles, keyboards - and live for a period of time (some viruses and bacteria can live more than 2 hours), possibly infecting others who touch them and then touch their own nose, mouth, or eyes. That is why it is vital (to)... understand and follow hygiene and safety guidelines.
If someone in your home becomes ill, they will need to stay home for at least 7 days after onset of illness and after fever has gone down. Choose one person to be the primary caregiver to minimize the risk of spreading the virus to others.
As a caregiver, you will need to consider these home-care basics:
Get a doctor's advice. If someone shows flu symptoms, it's important for them to stay at home. But you will also need to ask a doctor a few home-care questions: Will this person need an antiviral medication? Will I and my other family members need to take any medication?... Are there medications that children can or cannot take?
Become a hygiene expert. The simple act of hand-washing significantly cuts the risk of viral transmission. All members of the household should wash their hands often using soap and water for at least 15 seconds. If soap and water are not available, an alcohol-based hand sanitizer can be used. Use paper towels to dry hands, or else assign everyone their own towel. Within the home, too, you will need to be diligent about cleaning and disinfecting areas in which the sick person stays. Take caution when handling laundry, and tumble-dry clothing and linens in a hot dryer. Wash your hands immediately after.
Give a sick person their space. Keep the sick person in a room of their own... and keep the door closed. A separate bathroom would be best, too...
Be medication smart. Follow any instructions from your doctor or pharmacist. Read medication labels carefully...
Take care of yourself. When caring for a sick person, wear a properly-fitted, government-approved face mask or respirator. Avoid face-to-face contact with the person as much as possible. If caring for a small child, hold them as little as possible...
Use masks safely...Masks should be fitted to the nose and mouth without gapping. Do not reuse disposable facemasks. Launder and tumble-dry reusable masks. Whenever you remove a facemask or respirator, wash your hands with soap and water, or use an alcohol-based hand sanitizer if soap and water are not available.
Remind the sick person of hygienic habits... As a care-giver...give gentle reminders:
Cover coughs and sneezes.
Wash hands thoroughly in soap and water, especially after coughing or sneezing, or use an alcohol-based hand sanitizer.
Throw used tissues away into a trash can lined with a disposable plastic bag.
Get plenty of rest and drink lots of clear fluids to prevent dehydration...
Amy Toffelmire
Source: http://health.lifestyle.yahoo.ca/channel_section_details.asp?text_id=5048&channel_id=1020&relation_id=22513 accessed September 19, 2009 9:46a.m.
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