Nationwide Consumer Credit News

Tips On How You Can Maintain a Good Credit Good credit score enables you to access loans from various financial institutions. Once you’ve credit such as a credit card or home loan, you need to maintain it. This helps you to accomplish all your financial obligations without getting into uncontrollable debt.

To achieve this, you need to keep track of all your expenditures and you should review your monthly bank statements as soon as they arrive and report any discrepancies. 

Don not exceed your credit limit on lines of credit cards and credit- the available credit is your credit limit subtracted from your outstanding balance. Just try to keep your expenditure within this limit. 

You should always keep around 20% of the available fund to gather for emergencies. In fact, you should keep these funds in a liquid interest earning account. 

Try as much as possible to pay off more than the minimum or even the full balance every month. With time, this reduces the charges you always incur. 

Maintaining a good credit score means you should be self-disciplined when managing your finances. You need to be organized and even sign up for automatic payments to ensure that you don’t skip any payment.

RPTIA Offers Financial Solutions For Consumers with Poor Credit If you're in need of special financing or want to take out a loan, but you have bad credit then you know how tough things can get for you. Most banks don't like to loan money to people who have a bad credit history and even when they do, they're going to charge you a much higher interest rate, which is harder to pay back. 

However, you no longer have to worry about that anymore since RPTIA Offers Financial Solutions For Consumers with Poor Credit http://www.rptia.com/best-online-bad-credit-loans-with-monthly-payments/ and can finally help you borrow the money you need to deal with your financial emergencies easily and at great interest rates. 

The country's top lenders at your disposal

RPTIA is comprised of the most well reputed bad credit lenders in the country and it specializes in helping people with bad credit history get the money they need without having to worry about the usual harsh restrictions. The credit application process can be easily done online, it takes only a few minutes and before you submit your application you'll know exactly the terms and conditions that govern your loan. So what do you actually need in order to qualify for an instant poor credit advance?

Online application requirements

In order to be approved for a loan with RPTIA, you don't have to worry about using a cosigner and you certainly don't need to worry about having a bad credit history. All you need is to have a stable income, be over 18 years, have an active checking account and that’s about it. So if you meet these requirements, you can submit your loan request with RPTIA and have the money transferred to your checking account in as little as 1 hour.

Why RPTIA?

RPTIA has a long history of financing thousands of people with bad credit that need money fast and because of that they have the experience and professionalism required to make sure each client is satisfied with their services. 

Some other reasons why RPTIA is the best online bad credit lender include:

1. Possibility to borrow small and large amounts of money.

2. Fast online application process that takes less than two minutes to complete.

3. One of the largest internet lender networks out there.

4. No obligation required. If you like the offer presented to you or not, you can simply accept or refuse it.

Multiple types of loans available

No matter if you want to take a car title loan or a cash advance loan, RPTIA can help you. For car loans for people with bad credit, you can apply for the loan when you want to buy either a used or a new car. On the other hand, for the car title loan you can borrow between 3000 and 10000 dollars based on the value of your car and the amount of money you'd like to borrow. 

Keep in mind that all online applications are processed thorough RPTIA's secure server and your personal loan information is encrypted before it's delivered to the loan officer. Better yet, to further protect your identify, the information is never stored on the internet which makes dealing with RPTIA a pleasant, but also safe experience. 

Credit Does Matter

The world is starting to realize that getting stuck with debt is a terrible thing. Naturally, the initial reaction is to cut out all the credit cards. However, this might not be the best option. Why? Below are 2 major reasons.
Credit Rating
We all know that credit rating is very important from getting loans to getting a job. However, if you want to build your credit score, then you will need to have credit. The idea is, if you have a credit, and you pay it religiously every month, then you can expect your credit rating to rise.
Borrowing Power
Let's fact it, life is full of surprises. Some are good and some are bad. For the bad ones, it’s a good idea to have a large credit limit as this will open doors to many options. So, start getting a credit, use it and pay it promptly. It won't be long that your credit card company will extend your credit limit.
Having credit may have its advantages such as raising credit rating and increased borrowing power. So cutting up your credit cards might not be the best option but rather using them wisely.

Different Types of Credit To reach to a position or to acquire something immediately, we will need to take credit loans. It is always a good idea to acquire some knowledge about the different types of credits before we keep a foot in the financial world.

Most basic types of credits are defined as: -

• Secured Credits: - These credits are generally sanctioned after the submission of collateral. You either submit the papers of your car or house in exchange of the money you take on credit. These are called secure because the lender faces no risk.

• Unsecured Credits: - These kinds of credits do not involve putting down of collateral. With such credits it is always advised to keep a tab on your expenses because they generally make your credit score suffer.

• Revolving Credits: - This is a contemporary concept. The department store card and petro cards fall under this category. You pay them on a monthly basis. You have the liberty to set the amount of down payment in every month.

• Installment: - It is very similar to revolving credits but in this the amount is fixed by the lender and you are bound to pay that specific amount otherwise you will be penalized.

HOW TO REBUILD YOUR CREDIT Your credit score is directly affected by the information on your credit report and it will in turn determine whether your loans will be approved or if you will be able to obtain credit. If your credit card is damaged, it is important that you repair it so as to improve your credit score. Below are some of the ways in which you can fix/rebuild a damaged credit;

1) Pay your bills on time

This is the most straight forward and easiest thing that everyone with a credit card should do. This will help protect your credit report and credit score which is a good step to repairing your credit.

2) Keep your credit balance low

Your credit card balance is often considered when your credit score is being calculated. It is advisable to keep your credit balance low (at least below 35%) because having a high balance will negatively affect your credit score. 

3) Do not close unused accounts

A positive, long-term history with each of your creditors will greatly boost your credit score even if those accounts are inactive or have not been used. This will be of great help to you when trying to fix a damaged credit.

4) Only apply for a new credit when you really need 

One of the things that you should note is that, opening new accounts just to have a better credit mix will not raise your credit score in any way. In fact it may be detrimental to your credit score therefore if you are trying to fix your credit, only open a new account when you really need it.