Right now, saving money is at the top of everyone's list of things to do. This is a great time to take a hard look at your finances for saving opportunities and to further establish your credit with lenders. Listed below are some money savings tips they may help to put money back in your wallet as well as tips on building and maintaining healthy credit.
Use our FREE Credit Estimator to help you gauge your credit and to better understand how lenders will evaluate your credit worthiness.
If you don't already have a credit card, apply for one. This is one of the best ways to establish and build credit. Make on time monthly payments and your credit score will quickly rise. We have many secured and unsecured credit cards for those looking to establish or re-establish their credit. Click here for a list of secured and unsecured cards.
If you are carrying a high balance on your credit cards, call the issuing agency and see if you are eligible for a rate decrease. Cutting your interest rates can save you hundreds of dollars monthly. Also, think about transferring your credit card debt to a card with an introductory interest rate of 0%.
See if you are eligible to refinance your home at a lower interest rate. This is a great time to refinance as rates are low and there are many government sponsored programs to help first time and current homeowners. To apply for refinancing, see our home loans section or click here. You can also visit USA.gov for
a wealth of information on buying, selling and refinancing your home.
Consider mortgage modification as an option. We have several reputable services that may help you in getting your current interest rates lowered. Click here for a list.
If you have more than $15,000 in credit card debt, consider debt settlement or debt consolidation as a solution. A debt consolidation company will help you to combine all your outstanding debts in a manageable monthly payment. Debt settlement companies can assist you in negotiating with your credit issuing agencies for a substantially reduced payment. Keep in mind that both of these options may hurt your credit score so they should be used as a last resort.
Work with a credit repair agency to build or repair a damaged credit history. A high credit score can save you $1000s in interest alone. Credit repair agencies can help you to better understand your credit score, help you to remove bad marks on your score and expedite the recovery of your credit score.
Shop around for car, home, and health insurance. You can save more than 40% on your insurance by switching to another insurance company. To get several free, no obligation, insurance quotes click here.
Safeguard your identity and actively monitor your credit score with an identity protection program. By spending a few dollars a month on prevention, you can make sure that all your hard work is not destroyed in a few seconds by identity theft. In addition, most of these programs come with a credit monitoring service which will allow you to see what is going on your credit report, as well as, who is looking at it. Click
here for a list of
Identity Protection Programs.
