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men with 700 Credit Score

Is 700 a Good Credit Score ?

A credit score of above 700 is frequently considered good and may allow a borrower to receive a lower interest rate. On the other hand, those over 800 are easily considered excellent.

Credit cards have been more on-demand since the global pandemic began. Due to travel and other restrictions placed for most areas, people find convenience in purchasing and making transactions as well as payments online. 

However, while there are measures imposed almost everywhere, doing personal inquiries with your credit card issuer has been quite difficult. 

Luckily, these days, everything can be done with the help of the internet. So, if you’re trying to figure out whether your credit score is just right, we’ll help you out. 

Understanding Credit Scores

Getting credit cards could always mean a huge adjustment. Especially if it’s your first time getting one. There are things you will have to familiarize to be able to smooth sail with your account and avoid small to big errors. Credit scores are one of them. read more

men invest and make 3000 a month

How Much Money Do I Need To Invest To Make $3000 A Month?

Most financially successful people will tell you that, yes, it is indeed possible to earn more than $3000 a month if you set the right investment in revenue-generating online businesses. For one, you’ll need at least $108,000.

Income generation can be worked out in a number of legitimate ways. All you have to do is to invest strategically into the right avenues–and boom! The long-term dream of becoming financially successful can now become a reality.

Let’s talk about four primary ways for you to earn passive income of thousands in a month — or even more.

6 Legitimate Ways To Make $3000 Monthly

  1. Invest In An Online Business

There are various online marketplaces where you could invest or buy an online business. In such marketplaces, you are able to see which types of online industries would fit the niche of your choice. Try investing in online business industries that you are truly passionate about.

Some online businesses for investment as well as those that are for sale may cost you about 2.5 to around 3 times the business’ annual income. With the right amount of investment, and with the right online business, you can get capital gains of even more than $3000 a month. You can use the extra amount of income to even reinvest in other things–which we will discuss later in this article. read more

Teenager making money

30 Easy Ways How to Make Money as A Teenager in 2021

It is never too early to start making your own money and start saving. Even if you are young, ways and opportunities abound in making cash. Instead of spending your time scrolling mindlessly on social media, it may be more worthwhile to think about ways to make money. 

Money and savings accumulate through time. Especially if you invest it. It is also good to get started while you are still free of certain financial obligations.  As a teenager, you are most likely still in high school, living with your parents, and without children of your own. 

You are not yet obliged to pay rent, to buy your own food, or to pay for your credit card and phone bills. This is the best opportunity for you to earn money and actually save them. Below is a list of different ways to make money as a teenager.

How to Make Money for Teenager in 30 Easy Ways

Sell DIY Stuff at School

This is one way you could make money by being creative. Teenagers are known for having a lot of cool, daring, and creative ideas. There are a lot of things that you can do or learn doing through the internet. DIY stuff can also be fun to make because you may look at the things that interest you and start selling them.  read more

Men refinance his auto loan with lower interest rate to stop repossesion

How Many Points Will My Credit Score Increase When A Repo Is Removed?

Repossession happens when a lender who gave you a vehicle on credit takes back the car without a court order. It usually happens when you have missed payments. And it is never a good thing for your score.

When a creditor looks at your credit report from a credit bureau, such an event shows up in ways you won’t appreciate. 

After a remo has been removed, you can expect your credit score to increase by as much as 100 points. You may gain back the points you lost by also as much as 100 points. Learn how repo affects your credit score and ways you can remove your repo from your credit report.

How Long Will A Repossession Stay On Credit Report? 

A repossession record will stay on your credit report for seven years! The 7-year period starts from when you first miss a payment. And your credit score will suffer.

However, the rest of the history of your credit accounts will remain on the credit report. If you have no other missed payment, your account status will be positive. And that positive status will remain on your credit report for 10 years.  read more

young men with 650 credit score

Is 650 A Good Credit Score? All You Need To Know

Through the years, the life of consumers has relied so much on the credit system. Public works, businesses, and private properties have been built mostly with the aid of credit. In our personal lives, we rely on credit to afford big purchases. One tool used by moneylenders and financial institutions is the so-called credit rating. 

Our rating is a reflection of our payment history and our ability to repay our loans on time. Also, our score in this rating dictates the amount we can borrow, the interest rates of our loans, and other terms of our loan.

What Is A Credit Score?

A credit score refers to a numerical code between 300-850, which rates a person’s creditworthiness. A higher score means a person could be trusted with a more significant loan amount. They could receive better loan terms and deals. The credit score is based on a person’s credit history, including their number of active accounts, total debt, repayment history, and many other more.

In the U.S., 70 % of the consumers have FICO® Score rates higher than 650. If your score is 650, remember that it is very close to the Good credit score range, which is 670-739 points. By making some improvements, you may reach or even exceed the Good credit score range. This could mean more comprehensive options for credits and loans at more competitive interest rates for you. read more

women improve credit score

How to Raise Your Credit Score?

Although it isn’t that complex, the use of credit cards is beyond spending a lot, purchasing goods, borrowing cash, and paying loans. It also has its pros and cons. And for many reasons, cardholders may still be unaware and are confused about using theirs.

For those who haven’t gone through the guidelines, you may have wondered what credit scores are and why it is important.Penny Saved has collected all the things you ought to know about it. Along the way, you’ll learn most of the information you need to take note of.

Understanding What a Credit Score Is

A credit score is a number between 300 and 850, denoting a consumer’s creditworthiness. This model was made by FICO and is used by financial institutions.

It is the one lending companies use to help them determine how likely it is they will be repaid on time if they grant a borrower of credit cards or loans. It is based on your credit history, which includes the number of open accounts, total levels of debt, repayment history, and many other factors.

Lenders use credit scores to evaluate the probability that a person will repay loans in a timely manner. read more

men applying loan with 550 credit score

Can You Get a Personal Loan With a Credit Score of 550?

Credit score plays a very important role in taking out loans that have the best interest rates. Having a good credit score means you don’t have to worry much about a loan getting approved. But what if your score is far from being ‘good’, can you still get a nod from banks and businesses with a 550 credit score?

If you’ll talk about scores, Fair Isaac Corporation (FICO®) is one of the most used references by lenders if they want to see your current FICO® score. The score ranges from 300  to 850 — the latter is considered a perfect score. 

In a recent report from Experian, only 1.2% of Americans have a perfect score of 850. Comparing it to past data, the number of consumers having a perfect score rose by 63% over the past decade. 

Despite the increase, it is still considered small as compared to the total population of Americans. 

A 550 credit score is a poor score. You may be able to secure a personal loan with a credit score of 550, but you’re more likely to get a low loan amount and pay a higher interest rate. read more

men with 700 Credit Score

Is 700 a Good Credit Score ?

A credit score of above 700 is frequently considered good and may allow a borrower to receive a lower interest rate. On the other hand, those over 800 are easily considered excellent.

Credit cards have been more on-demand since the global pandemic began. Due to travel and other restrictions placed for most areas, people find convenience in purchasing and making transactions as well as payments online. 

However, while there are measures imposed almost everywhere, doing personal inquiries with your credit card issuer has been quite difficult. 

Luckily, these days, everything can be done with the help of the internet. So, if you’re trying to figure out whether your credit score is just right, we’ll help you out. 

Understanding Credit Scores

Getting credit cards could always mean a huge adjustment. Especially if it’s your first time getting one. There are things you will have to familiarize to be able to smooth sail with your account and avoid small to big errors. Credit scores are one of them. read more

men invest and make 3000 a month

How Much Money Do I Need To Invest To Make $3000 A Month?

Most financially successful people will tell you that, yes, it is indeed possible to earn more than $3000 a month if you set the right investment in revenue-generating online businesses. For one, you’ll need at least $108,000.

Income generation can be worked out in a number of legitimate ways. All you have to do is to invest strategically into the right avenues–and boom! The long-term dream of becoming financially successful can now become a reality.

Let’s talk about four primary ways for you to earn passive income of thousands in a month — or even more.

6 Legitimate Ways To Make $3000 Monthly

  1. Invest In An Online Business

There are various online marketplaces where you could invest or buy an online business. In such marketplaces, you are able to see which types of online industries would fit the niche of your choice. Try investing in online business industries that you are truly passionate about.

Some online businesses for investment as well as those that are for sale may cost you about 2.5 to around 3 times the business’ annual income. With the right amount of investment, and with the right online business, you can get capital gains of even more than $3000 a month. You can use the extra amount of income to even reinvest in other things–which we will discuss later in this article. read more

Teenager making money

30 Easy Ways How to Make Money as A Teenager in 2021

It is never too early to start making your own money and start saving. Even if you are young, ways and opportunities abound in making cash. Instead of spending your time scrolling mindlessly on social media, it may be more worthwhile to think about ways to make money. 

Money and savings accumulate through time. Especially if you invest it. It is also good to get started while you are still free of certain financial obligations.  As a teenager, you are most likely still in high school, living with your parents, and without children of your own. 

You are not yet obliged to pay rent, to buy your own food, or to pay for your credit card and phone bills. This is the best opportunity for you to earn money and actually save them. Below is a list of different ways to make money as a teenager.

How to Make Money for Teenager in 30 Easy Ways

Sell DIY Stuff at School

This is one way you could make money by being creative. Teenagers are known for having a lot of cool, daring, and creative ideas. There are a lot of things that you can do or learn doing through the internet. DIY stuff can also be fun to make because you may look at the things that interest you and start selling them.  read more

Men refinance his auto loan with lower interest rate to stop repossesion

How Many Points Will My Credit Score Increase When A Repo Is Removed?

Repossession happens when a lender who gave you a vehicle on credit takes back the car without a court order. It usually happens when you have missed payments. And it is never a good thing for your score.

When a creditor looks at your credit report from a credit bureau, such an event shows up in ways you won’t appreciate. 

After a remo has been removed, you can expect your credit score to increase by as much as 100 points. You may gain back the points you lost by also as much as 100 points. Learn how repo affects your credit score and ways you can remove your repo from your credit report.

How Long Will A Repossession Stay On Credit Report? 

A repossession record will stay on your credit report for seven years! The 7-year period starts from when you first miss a payment. And your credit score will suffer.

However, the rest of the history of your credit accounts will remain on the credit report. If you have no other missed payment, your account status will be positive. And that positive status will remain on your credit report for 10 years.  read more

young men with 650 credit score

Is 650 A Good Credit Score? All You Need To Know

Through the years, the life of consumers has relied so much on the credit system. Public works, businesses, and private properties have been built mostly with the aid of credit. In our personal lives, we rely on credit to afford big purchases. One tool used by moneylenders and financial institutions is the so-called credit rating. 

Our rating is a reflection of our payment history and our ability to repay our loans on time. Also, our score in this rating dictates the amount we can borrow, the interest rates of our loans, and other terms of our loan.

What Is A Credit Score?

A credit score refers to a numerical code between 300-850, which rates a person’s creditworthiness. A higher score means a person could be trusted with a more significant loan amount. They could receive better loan terms and deals. The credit score is based on a person’s credit history, including their number of active accounts, total debt, repayment history, and many other more.

In the U.S., 70 % of the consumers have FICO® Score rates higher than 650. If your score is 650, remember that it is very close to the Good credit score range, which is 670-739 points. By making some improvements, you may reach or even exceed the Good credit score range. This could mean more comprehensive options for credits and loans at more competitive interest rates for you. read more

women improve credit score

How to Raise Your Credit Score?

Although it isn’t that complex, the use of credit cards is beyond spending a lot, purchasing goods, borrowing cash, and paying loans. It also has its pros and cons. And for many reasons, cardholders may still be unaware and are confused about using theirs.

For those who haven’t gone through the guidelines, you may have wondered what credit scores are and why it is important.Penny Saved has collected all the things you ought to know about it. Along the way, you’ll learn most of the information you need to take note of.

Understanding What a Credit Score Is

A credit score is a number between 300 and 850, denoting a consumer’s creditworthiness. This model was made by FICO and is used by financial institutions.

It is the one lending companies use to help them determine how likely it is they will be repaid on time if they grant a borrower of credit cards or loans. It is based on your credit history, which includes the number of open accounts, total levels of debt, repayment history, and many other factors.

Lenders use credit scores to evaluate the probability that a person will repay loans in a timely manner. read more

men applying loan with 550 credit score

Can You Get a Personal Loan With a Credit Score of 550?

Credit score plays a very important role in taking out loans that have the best interest rates. Having a good credit score means you don’t have to worry much about a loan getting approved. But what if your score is far from being ‘good’, can you still get a nod from banks and businesses with a 550 credit score?

If you’ll talk about scores, Fair Isaac Corporation (FICO®) is one of the most used references by lenders if they want to see your current FICO® score. The score ranges from 300  to 850 — the latter is considered a perfect score. 

In a recent report from Experian, only 1.2% of Americans have a perfect score of 850. Comparing it to past data, the number of consumers having a perfect score rose by 63% over the past decade. 

Despite the increase, it is still considered small as compared to the total population of Americans. 

A 550 credit score is a poor score. You may be able to secure a personal loan with a credit score of 550, but you’re more likely to get a low loan amount and pay a higher interest rate. read more

Who is
Penny Saved?

From the basics of financial management to ways to be debt-free, Penny Saved explores how to achieve financial freedom.

We cover topics such as personal finance, income streams, and loans; and offers practical tips on managing your finances.

lady holding Free Government Phone
lady holding Free Government Phone

Who is
Penny Saved?

From the basics of financial management to ways to be debt-free, Penny Saved explores how to achieve financial freedom.

We cover topics such as personal finance, income streams, and loans; and offers practical tips on managing your finances.

Copyright © 2021 Penny Saved. All rights reserved