Credit Scores

How Your Credits Score Affects Loan Financing

How much damage can a bad credit score really cause? A survey from a loan comparison site suggests as an example that individuals who take out an auto loan of $21,778 with a “fair” credit score could pay up to 311 percent more interest than an individual with a “very good” credit score taking out the same loan. In the graph depicted below, you can see the difference between the total interest payment when it comes to the auto loan described above depending on the loaner’s credit score.

Total Interest Payment:

Credit Score: 580-669(fair) 7050$

Credit Score: 740-799 (very good) 2287$

We have the info you need to help you find a solution

What Are You Looking For?

In Need of Credit?

Do you have a credit card? Get our advice on Credit Cards!

Looking For a Insurance?

Keep your crown jewels safe with comprehensive insurance coverage, the best way to protect your financial future.

Looking For a Loan?

Find your financial solutions with New Card KIng! We can help you find the solution you need!

View a sample of our great content below

Articles and Insights

Getting a Car Loan With Bad Credit

Trying to get a car loan when your credit is low is no easy feat, and it may even seem impossible. But that’s simply not the case—you can get a subprime loan. Here’s what you need to bring. Income…

Student Loans Aren’t Scary—Here’s Why

Everyone knows that student loans are not fun, but sometimes they’re very necessary. And although they may seem daunting, they actually aren’t as scary as you may think. You can focus entirely on school rather than splitting yourself between…

Despite Handing Out More Loans, Wells Fargo’s Profits Decrease

In the second quarter, Wells Fargo reported that its profits slid despite the fact that they’ve been giving out more loans than ever. Their overall net income decreased $1.01 per share, down to $5.6 billion from $5.7 billion. Although…

The Benefits Of a Short-Term Loan

Are you interested in taking out a loan? If so, be sure to read these numerous advantages to taking out a short-term loan. Long-term loans naturally come with the looming financial burden of payments made over an extended period…

Credit Cards that Are More Worthwhile than the Amex Black Card

While there are many benefits that make the Amex Black Card worthwhile, there are also a lot of unnecessary aspects that make the cost unjustifiable. Here are some options to keep in mind that offer similar benefits and prestige…

Frustrations with Credit Card Chips Continue

As America switches from swiping credit cards to inserting them so the chips can be scanned, many are finding themselves frustrated and confused, both consumers and retailers alike. Although many companies have switched to have the technology to use…

The Credit Card to Avoid During the Holiday Season

The holidays are a wonderful time to celebrate with loved ones, but it’s also a time to be wary to ensure you aren’t scammed or defrauded. Here are a few tips to keep in mind this holiday season. Don’t…

Bonuses on Credit Cards Have Almost Tripled

Bonus offers are a huge reason that people sign up for specific credit cards. And good thing, because bonuses have nearly tripled over the years. These started rising after the 2008 financial recession. Sometimes points have increased more than…

Will You Get Punished if You Don’t Have Credit Card Debt?

Are your credit cards punishing you if you don’t have debt on your accounts? After all, your score grows when you have debt and are paying it off. For the most part, however, your score is determined based on…

Tips for Using Credit Cards Responsibly

Are you new to using a credit card? Do you have trouble balancing one? Here are some tips you can use to improve your financial responsibility.

01

Think Of It As A Loan

You need to pay back everything you buy with a credit card. Therefore, don’t buy things you can’t afford. An alternative is to think of it as an ATM debit card for your checking account – after all you SHOULD have money in the bank to pay for what you’re about to buy, right?

02

Save The Receipts

Use your credit card receipts side by side with your monthly bill. Look for irregularities and report problems to your credit card issuer immediately.

03

Pay The Balance On Time

Late payments (or no payments) mean finance charges on the remaining unpaid balance. Plus, if you only pay the minimum, the interest on the unpaid balance will continue to rise – meaning your purchases could end up costing much more than the original price.

04

Your Credit Rating Affects Your Life

Late payments or even non-payment of debts can damage your credit score. This affects your credit history negatively — making it harder for you to purchase larger items such as cars or property. IT could also become more difficult to rent an apartment, find affordable insurance, or even—in some extreme cases—land a good job.

Personable Loan Assistants

Are you looking for a Loan?

Are you interested in loans or refinancing? Our platform can assist you in potentially connecting with lenders offering various loan options from reputable financial institutions nationwide. Explore your possibilities for obtaining a loan or refinancing through our service.

View Loan Articles

Subscribe To Our Newsletter

By clicking submit, I authorize Finance Zone Today and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in ourTerms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

Home