Trying to Get a Loan With Poor Credit

Trying to Get a Loan With Poor CreditLoans can be helpful in taking some burden away from your shoulders. It may not solve all the problems, but it will be able you to get rid of some of your financial problems. Your budget will improve a bit, and you can even improve your credit. But getting approved for a loan by the lenders is not that simple, especially if you have a poor credit history. Every lender has some criteria regarding the approval of the candidate. If you are eligible according to those criteria, then they approve your loans.

What are the options for those having bad payment history? It will be hard for the lenders to trust such individuals who don’t possess the ability to return the loan. Some lenders approve the loan, but they lessen the amount of loan to eliminate some of the risks. We have researched some lender companies for such people who have a thin credit profile. These lenders are offering their loans even for the customers that have poor credit history. No credit check loans are a bad idea, Nerdwallet said. In fact, there are still some options for people who have bad credit, to get a loan. Here is one example of loan ranking with bad credit loans with no so high interests. Of course, the best way is to increase your credit score and get much more better interest.

Best loan options for the poor credit customers are following:

Bad Credit Loans

The options for the customers with poor credit are very limited. There is an option for a payday loan, but it will not be the help that you are looking for. Bad credit loans can be a good option in such situation. It is not itself a lender company, but it provides people with a network that combines the lenders and borrowers at one place. There are some conditions to register on this lender site such as you should be 18 years old or above, confirm residency and monthly income of 1,000 dollars at least. The annual percentage these lender offers ranges from 230% to 2330% which is incredible. The only drawback is that the lenders on this site offer short term loans and for the borrower who has poor credit history can find it tough to pay their loans in such short time.



One Main

One Main is alternative for the borrowers that have their credit score very low. The borrowers having the credit score of fewer than 600 can also get a loan from this company. The loan scheme is different for different borrowers depending upon the history of their credit. The lowest credit score can get a loan from 1,000 dollars to 1,200 dollars. The amount can be increased if you have a relatively good credit score. One Main also has a low annual percentage rate and provides secure loans. 95 years of business experience makes it a reliable company.

LoanNow

If you have some kind of financial emergency, then LoanNow is the best lending option for you. They don’t take weeks to approve your loan. Even poor credit scorers can also have a loan from the platform. The LoanNow platform provides you with the sources to peer to peer lenders, payday lenders, pawn shops and much more. Borrowers with bad credits can even apply for personal loans rather than payday loans. Addition to their quick cash the lenders reports the borrower’s payment history to credit reporting agencies. This helps in building a better credit rating.

Avant

Avant is a lending company that offers loans for the borrowers that have credit score even less than 600. Although it’s not a peer to peer loan platform, you can get a loan very quickly, probably the next day after you applied for the loan. The loans are offered to people with a credit score as low as 580. Scores lower than 580 cannot apply for the loan. The borrowing limit on Avant is 35,000 dollars which are clearly dependent on the borrower’s previous credit score.

As you can see, there are some options out there for you if you are trying to get a loan with poor credit. You just have to do your research and make sure that you are getting a fair deal. The options above are a few places that you should start with.

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Five Smart Money Moves

Five Smart Money MovesMany people have money issues. They struggle with it daily. Some folks don’t pay attention to their finances that often. They think that things will just get better by themselves. I hate to be the bearer of bad news, but it doesn’t. You have to work at it. Today, I’m going to share five smart money moves that you should do to help you get your finances in order. The smart money moves have to deal with debt and more.

Know Your Balances

For you to make any changes with your funds, you have to know your balances. You should be aware of how much money you have in your checking account. In the past, I’ve made the mistake of just swiping my card at times without knowing what my balance was. I ended up getting more than a few overdraft fees. Getting charged $25 – $35 each month wasn’t fun. I eventually got my act together and paid attention to my balance. Besides your checking and savings account, you should also track your credit cards and loans (student, mortgage, etc.) One tool that I use to help me keep track of everything is Personal Capital. With Personal Capital, I can see the balances of my checking, savings, credit card and loan accounts in one central location. You can also view different transactions that you have as well. Personal Capital also has tabs that allow you to see your portfolio information and advisor tools. Did I mention that Personal Capital was free? Sign up for it here.

Pay Off Debt

The next thing that you want to do is pay off your debt. Debt is one thing that holds too many people back. As of this writing, the United States in nearly $20 trillion in debt. That’s just ridiculous. I’m in the process of paying off a lot of debt. I’ve been serious about eliminating it since 2015. I currently only have student loan debt left. It’s a lot, but I know that I will make it happen. There are a lot of good people in the same situation. The sooner that you pay off your debt, the sooner that you will be able to do other things with your money.

Side Hustle

Getting a side hustle will help you pay off your debt quickly. There are hundreds of things that you can do to make extra money. If you are stumped, check out this list of 99 side hustle ideas from Nick Loper. I’m sure that you will be able to find something that you can do. When you start making money from your side hustle, make sure that you use the money specifically to pay down your debt. If you do that, your future self will thank you.



Balance Transfer Card

Getting a balance transfer card will help you pay your credit card quicker. In January of 2016, I was making a payment on my Bank of America credit card when I realized that the interest was over $60. That’s too much to be paying. I started doing my research and heard a great Periscope broadcast from Sandy who owns Yes I am Cheap. She discussed balance transfer credit cards in detail.  After hearing that broadcast, I applied for one immediately. I was approved for a Chase Slate card. The balance transfer had a zero percent APR for fifteen months. I transferred $1960 of the $2900 that I had left to pay on my Bank of America card to the new Chase card. Doing that allowed me to pay off both credit cards by March 2017. It’s a wonderful feeling not to have any credit card debt anymore.

Refinance Loans

Many student loans have high interest rates. It could be variable making your payment fluctuate every year. If that’s the case, you should consider looking at a company that will allow you to refinance the loans. There are a lot of businesses out there that provides this service. One company that I would recommend to you is SoFi. They are a lender that provides refinancing for different types of loans. SoFi has helped people save over $1.45 billion since they’ve been in business. SoFi has great rates that will save you money on mortgages, student loans, and personal loans. They also give you access to financial advisors and exclusive community events. If you’re interested in saving money with SoFi, check out the links below.

Student Loans

Personal Loans

I believe the five smart money moves that I discussed above can be done by anyone. If you are serious about getting your funds in order, you have to make some changes. Once you do that you will see your finances change for the better.

What smart money moves have you made in the past?

This post contains affiliate links. Feel free to view my disclosure here.
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When to Stop Your Design Work

When to Stop Your Web Design WorkThis is a sponsored post.

Being a full-time web designer for an organization would mean 9 hours of your day dedicated to your company, and around 3 – 5 hours extra for your side business (freelance). Freelancing is a business, and it will take you more than simply do this and try this approach to get it going. It’s a must to do the accounting, bill writing and the dreaded buyer support. You already know you can’t go perpetually with this sort of set up, juggling full-time work and your freelance web design business. You’ll quickly notice that you’ve got to select. Full-time web designer or full-time freelance web designer? People love safety, little doubt, and a better and protected future. That’s the reason sometimes having a full-time job is one of the best solutions to go. I feel this is the main reason folks cannot give up their job. It’s for the security. Being a web designer, you recognize that you solely must design sites for the corporate, day after day, and wait until l the end of the month to get paid.

The only thing is, you will always hope to have an increase, maybe after a year. The nice part is you should only work 9 hours a day for the pay test. Freelance web designers are entrepreneurs at heart. They depend on their abilities, not solely in design, but individual’s administration and social expertise; perhaps some business abilities, but the basics are all there. You can research the web for that. Now, the benefit of this is that the more you’re employed, the extra you earn, and time is versatile. But the drawback is that you’re unsure of your revenue. It may decline or rise. There are earnings fluctuations, identical to a real business. There are a few issues I always think about earlier before I took the plunge and quit my full-time job. Can you pay your bills easily? Should you stop your full-time job and cut short your earnings supply? Do you have the money to make payments without working? I am from Kansas City, should I take Kansas City online title loans?

What I did was to set aside money to pay my payments for six months, secure that money and give up being a full-time freelance internet designer. Do you feel limited, bored at work and assume that work is hindering your improvement? I’ve always felt that doing routine work can bore the hell out of individuals. And the toughest half is that you are like a robot that repeats routine over and over, without consciously occupied with it. This can cease improvement in your expertise and, come on folks; it’s plain boring. If that hits you, you realize there’s one thing wrong altogether with your life, or you’re better off doing business yourself than searching YouTube within the office. Do you have an excellent variety of buyers and works to maintain your freelance web design business? In case you are doing freelance web design jobs while having a full-time job, it is best to have and keep buyers that trusts you and people that have extra, to give you the results you want. After I quit my full-time web design job, I had no rock strong client base; I only depended on contests to hopefully feed me.




So, if you probably have the guts to go and try what I did, this I say to you, don’t you dare, or your family will think you are stupid. Build an inventory of buyers first, and assume that these clients will come back to you for more work and hopefully maintain your business. Do you have a great management of your feelings? This one is a biggie.  Most people will suppose that you’re silly to give up a high paying web designer job. Do you have the guts to regulate the urge to get indignant? If you do not care what others think, you are on your way. Always remember that: “An entrepreneur stands tall against the tide of fashionable belief.” Have you prepared yourself for the worst and planned for the best? Freelance web design is a business. In business, there isn’t any certainty. We’re all at risks. Businesses will come and go, are you ready to accept that reality? No one provides you with a pay check. You are in command of how much you can earn now. Make plans for growth, harness your skills, gain an extra skill set. These are the traits that a full-time job will not teach you. Don’t be afraid to Fail! If you by no means failed, you by no means lived. When you follow these pointers, they are going to show you how to get started in the freelance web design business. At all times, remember that freelancers are entrepreneurs, promoting their abilities. It takes a variety of confidence to promote their abilities to individuals. If you have these traits of an entrepreneur, making money through freelance web design might be simple for you.

Many people have made the decision to grow to be an entrepreneur. If you are one of those people, you’re in luck. The Internet has opened up a whole host of opportunities, lots of which are more possible than ever, because of the advantages working online affords. In these instances, all you need is a PC and Web connection to start working, and very soon, you start earning. The most effective money making opportunity out there online is postcard advertising. It is definitely possible to make money with postcards. In truth, this venture is now even more lucrative than ever before because of what the Internet has to supply. Once you select this as a business enterprise, you will not worry about the clock every day, answer to a boss, navigate by means of busy morning and afternoon site visitors or be turned down for that deserved promotion ever again.

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5 Reasons Why I Love Mint

5 Reasons Why I Love MintMint is a free web-based financial website. You can put all of your financial account information in one place. I heard a lot of bloggers talking about it for years. I decided to sign up for it in November of 2014. Since then, I’ve come to love Mint. It’s one of the things that has helped me get my finances in order. The website is very secure. If you need a place where you can view your finances, I would suggest that you sign up for it. Today, I want to go over five specific reasons that I love it.

You can put all your accounts in one place

Above, I stated that you can attach all of your accounts to your Mint profile. When I say all accounts, I really mean all accounts. You can attach your checking and savings accounts, credit cards, loans and much more.  Being able to see everything in one place is good. Once you do that you see all of your account info on the left. It goes in an order of cash, credit, loans, investments and property.

If you’re in debt it should motivate you

Seeing the difference in your assets and debt could be an eye opener for some. Life comes at you fast. My net worth is not as bad as it was when I first joined Mint, but I still have work to do. Having the chance to see the discrepancy in my account adds fuel to my fire. I’m working hard to gather more assets than debts.

It shows all your transactions

Whether you’re paying for groceries or paying a bill, the transaction shows up on your profile. You see everything that you pay for if you are using your debit or credit card. You also see any late fees you may have. By seeing how much money you spend every month, it should get you to think about saving more. When you sign in, your transactions should update automatically. They will be organized by date. They will also have a description and a category next to each one.

It lets you know upcoming due dates for your bills

I know people have very busy lives. If you have a lot of bills, you may forget a due date every once in a while. Mint helps with that. They have a small calendar on the overview page on your account that has the due dates listed. They also send out alerts via e-mail. You can also sign up for mobile alerts too. If you tend to forget your due dates, those alerts can be a game changer.

You can create monthly budgets

In my opinion, I think everyone should have some type of budget. You can create a different budget each month with Mint. You can edit and create as many categories as you want to. I have categories such as fuel, groceries, and thrift in my budget. Depending on your lifestyle, you can change the categories and amounts every month if you choose to.

Bonus

Goals

I know I said that I was going to share five reasons with you, but I lied. I have one more. Mint has a section where you can add goals. Some of the types of goals that you can add are paying off loans or credit cards and saving for an emergency. Since I’ve been using Mint, I’ve completed three goals. I have two more to go. Seeing those goals each time that I log into my account is another way to keep me motivated.

Do you have an account with Mint? What do you use to track your money?




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5 Things I Did To Become Financially Empowered

5 Things I Did to Become Financially EmpoweredLife doesn’t always go as planned, does it? I can answer that question for you, heck no! If someone would have told me ten years ago that I’d be in the process of paying off $72,000 worth of debt, I’m not quite sure I’d have believed them.

I graduated college almost nine years ago. I really wasn’t worried about applying for a full-time job until after I graduated. I had a part-time job and a side hustle, so I figured I would be okay. I beat the odds by graduating from high school and now college. The neighborhood that I grew up in wasn’t the best. I can count on one hand the number of males that graduated from high school and college from there. I figured that since I did that getting a full-time job would be no problem. Unfortunately, life doesn’t work like that. I learned a few valuable lessons a few months after graduation.

I struggled for a few years after college. I didn’t get my first full-time job until November 2009, which was a year and a half after I graduated. The job didn’t pay that much, but I stayed there until I was able to get another one. During this period, my finances suffered. The main bills that I was worried about were my car not, my rent, and my phone. Everything else was on the backburner including loans and credit cards. My finances went up and down until late 2014 which is when I started working at my current job. I realized things had to change. I didn’t want to be paying on debt forever. I had to make some changes, and that’s what I did.

Became Accountable

I became accountable. I stopped blaming the world or “the man” for my situation. I messed up. I was the one who didn’t pay my debt back in the past. I was the one who didn’t start applying for full-time jobs until after graduation. My situation was my fault. I changed my mindset and started to get my act together.

Contacted Lenders

Since I paid on my debt sporadically, some of them were 60 or more days behind. I called my lenders and let them know that I was trying to get all my accounts current. I had to get used to paying more money each month, but it was something that needed to be done. In about three months I was able to bring all of my debt current.



Read Books

Knowledge is Power. If I truly wanted to change my bad habits, I needed to read and understand money better. There are a plethora of books out there on the subject. The Total Money Makeover and The Millionaire Next Door helped to change my thought process on debt and money. My negative thoughts on money began to change for the better.

Make Extra Money

I realized that the money I was making at my full-time job wasn’t going to be enough. I had to find ways to make extra money. I started selling items on eBay. At one point last year, I was bringing in an extra $200 each month. I’m currently still selling things on there. I also started freelancing in 2015 too. The extra income has allowed me to save more money and pay off my debt a little faster.

Ignore People

When I started this journey in late 2014, I told some people my plan. Some said I was crazy and that everyone has debt forever. I chose to ignore those people. I’ve also had to ignore or turn down trips and other activities. It’s crazy when you finally set a goal to do something to better yourself how you’re tested shortly after that. My closest friends know that I love to travel. In January of 2015, I made a decision to limit myself to only three trips. By February of that year, I had been invited on six different trips, by six different people. Two of the trips were to my favorite city, Miami. I practiced discipline and turned all of them down. To become financially empowered, I knew I had to be disciplined.

I will say that after the last two years that I’m much better financially. I still have debt, but it’s getting smaller. I’ve had minor struggles every now and then, but I’m proof that anyone can become financially empowered.

When did you become financially empowered?

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April 2017 Debt Update

April 2017 Debt UpdateGood morning people. I hope all is well with you. Another month has gone by. Today, I will be sharing with you my April 2017 debt update.

My debt went from $64,207.46 to $63,405.75. That was a drop of $801.71. I’m with it. This was my second month having my debt go down by at least $800. I like the momentum that I have right now.  Let’s look at the numbers.

The Numbers

Loan 2 – Down from $5525 to $4830

Navient – Down from $23,842.10 to $23,742.65

Nelnet – Down from $34,840.36 to $34,833.10

The debt snowball is working for me. In the next few month, I have some things that I will be working on. Hopefully, they will be able to help my income grow. I really want to get to the point when I can pay over $1000 on the debt. This April 2017 debt update was good, but I know that May 2017 will be better.

Previous Debt Updates

January 2015 (The Beginning)

January 2017

February 2017

March 2017

How is your debt repayment coming along?




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How I Made $4900 in Side Hustle Income the First Quarter of 2017

How I Made $4900 in Side Hustle Income the First Quarter of 2017The first quarter of the year has come and gone. For the most part, it’s been pretty good. I am losing a client due to them changing business models, but it’s all good. The grind doesn’t stop. I love making side hustle income.

I love reading other bloggers income reports. They motivate me and show me that with hard work I can get there as well. I’ve done a couple of income reports in the past. I’m not at the point where I want to show them monthly yet, but I will do one every once in a while. Today, I want to share with you how I did during the first quarter of 2017.

How did I do?

I made $4900 during January, February, and March. This is after PayPal fees but before taxes. Almost $5000, damn that’s great. I went from only making a couple of hundred bucks each month to now this. I can’t even imagine where I’ll be at next year at this time.

The Breakdown

Freelancing – $3824.49

This is my highest form of income right now. Freelancing is cool, but it’s not my end game. It takes a lot of work. You have to make deadlines, have good ideas and write great content. Since I have a full-time job and my own blog, there are nights where I’m working past midnight. Am I complaining about it? Hell no, I have to eliminate this debt. The sooner that I do this, the sooner that I can have my financial freedom. As I get older, my freedom becomes important to me. I will be able to do more things because I won’t have any debt. I realized a while ago that I’m not the person to work 9-5 until I’m 65. Right now, I have to do so, but it won’t be permanent.

Sponsored Posts – $443.26

Sometimes companies pay people to do a post for them. It could be about a specific product or something new that they are working on. I get a couple of e-mails each week about sponsored posts. I decline 75% of them. A lot of them are about stuff that my readers wouldn’t be interested in.



Affiliates & Ads – $350.47

This income generator is my second favorite. As I continue to get more traffic, this income stream will grow even more. When it comes to affiliate marketing, I only promote things that I believe provide value such as Bluehost and Credit Sesame. One of my goals in 2017 was to grow my affiliate income. So far so good, but I want it to be more consistent.

eBay – $281.78

The final income stream is eBay. I love selling things online. This would have been a lot higher if I didn’t have the worst February ever. I currently have some new items that I’m about to start looking for at the thrift store. It should be on and popping, meaning that my income will go up.

None of this (minus eBay) would have happened if I never started blogging. Four years ago, I took a risk and started The Butler Journal. If you’re on the fence when it comes to blogging, do it. It could change your life. It changed mine for the better. If you’re ready to start your website, I’d suggest going with Bluehost. Their hosting company is legit. They usually charge $7.99 per month for their hosting, but you can get it starting at $3.95 with this link. It also comes with a domain name. I also have a step by step guide that will help you set up your blog. You can view it here.

As the next quarter of the year begins, I want to continue to rock it with my side hustle income. I’m looking for a couple of more clients, and I’m also working on my first solo challenge. My 5-day thrifting challenge starts May 1st. In the five day challenge, I will be showing people how to make money by thrifting. If you’re interested in the challenge, join today.

How was your 1st quarter of 2017 go?

This post contains affiliate links. Feel free to view my disclosure here.
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