Subprime – Subprime Credit Cards, Part 3
In the second installment of Subprime Credit Cards we explained that there are many great opportunities during the initial period grace period for some credit cards. Many problems start when the grace period is over. Borrowers tend to build up a balance on their credit cards during the initial period because there are no worries [...]
Subprime – Subprime Credit Cards, Part 2
The initial Subprime Credit Cards article explained that any credit card with a rate higher than 15% is considered a subprime credit card. Discover Card, Citi Mastercard and Capital One all offer credit cards with a rate of 0% for the first 12 months and under 12% after that. While not everyone can get these [...]
Subprime – Subprime Credit Cards
Subprime credit cards are something that many people do not realize they have. If you currently hold a credit card that is over 15%, you are likely to be holding a subprime credit card. We have heard of many credit cards getting reset to over 25% by companies that are in extremely bad financial situations. [...]
Bad Credit Loans – Cash Advance
In the initial installment of Bad Credit Loans we explained how these investment vehicles are causing the global economic environment to spiral downward. A cash advance is probably the lowest monetary bad credit loan, but is extremely detramental to the economy. These loans are often easy to get as many are offered with no credit [...]
Subprime – What Exactly is Subprime?
Subprime is considered to be an individual or entity that is below the requirements to meet prime borrowing guidelines. Those who are subprime have a heightened risk of default due to previous loan default or delinquency. They may also have filed for bankruptcy of have limited debt experience. There is no true definition, but those [...]
Subprime Mortgage – What are My Options, Part 2
Subprime mortgage – what are my options explained that the first step in getting a subprime mortgage is to get a credit score. After you have gotten a reputable credit score you need to decide what your options are. Individual credit scores are analyzed as follows: lower than 539 – very poor credit between 540 [...]
Inflationary Period with a Low Prime Rate
Please use Subprime Blogger to get your mortgage rate predictions. Knowing where mortgage rates are headed is half the problem when it comes to getting a refinance. In the month of September inflation in the United States was calculated at 4.94% and even higher in August at 5.37%. The last time that inflation was this [...]
Subprime Lending in a Nutshell
Please use Subprime Blogger to get your information on average mortgage rates. There are also several articles to help you get low mortgage rates. Subprime lending is a financial term used to describe financial institutions providing credit to borrowers who are deemed risky or “underbanked” due to financial restrictions. Subprime borrowers are often slapped with [...]
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