Pocono Homes And The Communities We Live In

Having bad credit can be worse than having no credit at all. A lousy credit score can lead to a steeper credit hole to climb out of, and can take years to fix.

All is not lost. Borrowers with bad credit scores can still get approved for a new credit card, though they’ll have to jump through a few more financial hoops than other people.

If you’re trying to qualify for an unsecured card because you have bad credit, here are some things you’ll need to provide:

Buying a home is one of the biggest and most exciting purchases of your lifetime. However, what many neglect to remember is that with responsibility comes hard work in the form of home upkeep. Keeping up with regular home maintenance tasks will keep you from future headaches down the line.

Annual Checklist

Earnest money is the amount of money put down for a large purchase. While this is not limited to real estate, it is used frequently in the real estate industry. It’s a sign of good faith from the buyer to the seller and normally constitutes about 1%-5% of the home’s price.

How much do you deposit?

There is no set amount for how much you can put down in your earnest account. However, the more money you put into these accounts, the more likely you are to be taken seriously by the seller.

The best way to improve your credit score is simple, but not always that easy: Reduce your debt.

Paying off your credit cards, or at least paying them down substantially, will not only increase your credit score, but having less debt will probably be more satisfying than a great credit score. And not using your credit cards anymore and paying off the balances is easier said than done.

But there are smaller, easier steps that can improve a credit score. Here are six:

When we think about lottery winners, we likely imagine new cars and mega-mansions. But according to a recent survey conducted by the National Foundation for Credit Counseling® (NFCC®), most of us would actually use our lottery winnings to pay down our debt.

Not Preparing for Emergencies
An emergency fund is important for anyone. A signing bonus—whether you’re a pro athlete or a non-athlete receiving a one-time bonus for meeting goals at work—can help give a big boost to an emergency fund. Aim to have one year’s salary in savings for emergencies, such as losing your job.

“Sure, just charge it to my credit card.” It’s a phrase we say at stores and restaurants from time to time, especially when we’re making unplanned or big purchases. Credit cards are convenient and common among most adults, but unless you use one carefully, you could find yourself in financial trouble. Here are some tips to help ensure you use credit cards wisely: