Understanding And Surviving A Low Credit Score
Low Credit Score
If you listen to the financial industry’s propaganda, you might believe that having a low credit score means you will end up sleeping under a bridge and foraging for food in garbage cans. Nothing could be further from the truth. It’s fairly easy to live with a poor or even a bad credit score; in fact, tens of millions of Americans are doing it. And guess what? The vast majority of those people have homes, cars, jobs, and washing machines, just like the rest of us.
This doesn’t mean that a credit score isn’t important. It just means that a low credit score is not the end of the world. It also means that you should think twice before making financial decisions based purely on your credit score. Make decisions for the good of your family, not to raise a magic number
What Is A Credit Score Anyway, And What Does It Really Mean?
On paper, your credit score is a number that is supposed to be able to predict your ability or willingness to repay loans and other debts. In reality, it is nothing but a record of information about you that banks and other financial institutions provide to the big three credit bureaus. The information is not checked for accuracy, and it doesn’t reflect how much money you have or make.
The score is a ratio based on the number of complaints that creditors make about you. The more complaints, the lower the score and the harder time you might have getting credit. Generally, lenders use a lower score as a reason to raise interest rates and sometimes to deny loans.
Now here’s something you might not realize: there is nothing legally obligating or binding about the credit score. There’s no law that requires any lender anywhere to look at it or base loan decisions on it. Most lenders do, but some do not.
Getting Credit And Loans With A Low Credit Score
What this basically means is that a person with a low credit score who is willing to shop around and pay a higher interest rate can get virtually any financial product: mortgages, car loans, personal loans, credit cards, etc. There are many lenders that actually specialize in lending to such people because they know that they can charge them higher interest rates.
Here are some tips for getting a loan or mortgage with a lower credit score:
- Deal with smaller lenders or mortgage brokers, since they are more likely to do business with a person with a low credit score.
- Be willing to put up a large cash down payment. Many lenders will ignore the credit score if they see the cash.
- Be honest. Come right out and tell lenders that your credit score stinks. Then ask if they are willing to deal with you and what they can do for you.
- Make sure you have a proof of income, such as a bank statement or a record of your salary, when you apply for a loan. Some lenders will be more interested in this than a credit score.
- Get a co-signer with good credit to sign off on the loan.
- Be willing to put up collateral.
Renting a Home with a Bad Credit Score
Sadly enough, a person with a low credit score can often have an easier time buying a new Mercedes than renting an apartment. Many landlords now base the decision on whether to rent to some or not based on a credit score. Here are some tips in renting a house or an apartment with a bad credit score.
- Deal with individual landlords that own and manage the property themselves rather than corporate-owned apartments or property management companies. Individual owners will be more likely to rent to somebody with a low credit score.
- Bring proof of your income, such as a bank statement or a paycheck, when you go to rent a home.
- Be willing to put up a larger deposit, or more than the first and second months of rent, if you can afford it.
- Be honest. Come out and tell the landlord that your credit is lousy.
- Be flexible. Offer to pay a slightly higher rent each month or do some work, such as home repairs or snow shoveling, for the landlord.
- Get a roommate with a good credit score. That way, the rent will be in that person’s name, even if you’re paying it.
- Use networking to find a place to live. Ask everybody you know if they know of a place. Don’t be afraid to use established connections, such as church, work, friends, and relatives. Many landlords will overlook a poor credit score if somebody they know vouches for a potential renter.
- Broaden your search. Try looking for places to rent in less desirable areas, such as industrial areas or areas traditionally rented to students. Be willing to put up with a slightly smaller place or some lack of amenities.
- Exploit vacancies. If you see that a place has been sitting empty for some time, approach the owner or manager and say you’re willing to move in right away. Empty apartments and homes don’t earn them any money. Remember, a landlord still has to pay taxes and utility bills on an empty unit.
Getting A Job With A Low Credit Score
The first thing you should do if you’re job hunting with a low credit score is to check your state’s laws. Some states have laws that bar employers from using credit scores for applicants for most jobs. If there’s such a law in your state, remind employers of it and be willing to complain to the state government if they ask for a credit report.
The next is to simply not bring the credit score issue up unless the employer asks. Most would-be employers won’t run a credit score because it costs money. Those that do will only run one if they’re serious about calling you in for a second interview. If that happens, simply explain to them that your credit score is poor. Then see how they react; if you’re the best candidate for the job, they might overlook it.
Finally, be willing to create your job by starting a business or freelancing. Freelancers don’t have to worry about credit scores; instead, they are hired based on performance. Customers don’t care about your credit score either.
Just Say No to Credit Cards
The best advice concerning credit cards for a person with a low credit score is to forget them. Learn to live without credit cards by paying cash or using a debit card for transactions.
There are now several excellent debit cards available for persons with low credit scores that offer most of the features of credit cards, including online bill pay and direct deposit of paychecks. Anybody can get a Bluebird or Account Now MasterCard or Visa without a credit score. Many banks will also issue a straight debit card that lets you withdraw money from your checking account. The advantage to these products is that the only money you spend with them is the funds in your account. Unlike a credit card, you can’t spend what you don’t have.
Learning how to live without credit cards and other financial products is the best way to free yourself and your family from the financial industry. If you can do that, you will no longer be bound by imaginary limitations, such as credit scores. Avoiding the financial industry and its products is the first step on the road to self-sufficiency.
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NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls
New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.
The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.
The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.
“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”
The post New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll appeared first on Daily Caller
This Article Was Originally Posted On dailycaller.com Read the Original Article here
The Ultimate Energizer Review – Does It Really Work?
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does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.
The ultimate energizer review – is it worth it?
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About The Ultimate Energizer guide
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About The Ultimate Energizer Creator
The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.
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Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.
Features of The Ultimate Energizer
The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.
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Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.
Pros and Cons of The Ultimate Energizer
I’ve created this honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.
It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.
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On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.
Does The Ultimate Energizer really work?
The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.
But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.
The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.
Advantages of The Ultimate Energizer Program
The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.
There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.
Why The Ultimate Energizer is Useful?
The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.
You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.
The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.
Is The Ultimate Energizer a Scam?
The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.
The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.
All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.
Watch this video demonstration of the ultimate energizer guide put into action
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