How to Build Your Credit Score without Credit Card

Questions on how to build your credit score answered. Can you have a credit score if you don’t have a credit card? Do you need a credit card to get a credit rating? Can you get a credit report without a credit card? These are some of the questions you may want to ask if you don’t have any credit card yet. The answer is that you can actually build your credit card without having a credit card? How? Well, don’t be in a hurry. I will give you few tips on how you can achieve this. But before I Continue ReadingHow to Build Your Credit Score without Credit Card

Understanding the Power of Compound Interest

What is compound interest? Compound interest is the type of interest that is calculated on both the principal and the accrued interest on the principal. Unlike the simple interest whereby interest is calculated on the principal alone, while calculating interest using compound interest, you will need to first add the accrued interest with the principal before you apply the interest rate on the total amount (that is, principal and interest). Personally, I like surfing internet. I will like to share what I stumbled upon this weekend. If you have been one of the people who keep wondering why the Americans Continue ReadingUnderstanding the Power of Compound Interest

Student Loan Rehabilitation and Consolidation

How do I apply for student loan rehabilitation? If your student loan is already in default, you may be thinking on how to quickly get it out of the default status so that you can continue with the repayment.  There are actually ways you can achieve this. But in this article, we shall concentrate on two options; student loan rehabilitation and consolidation. But for the purpose of information, you can get out of default by paying off the outstanding student loan. This option may not fit into the situation of many people. The reason is that, if they have the Continue ReadingStudent Loan Rehabilitation and Consolidation