Can you be persistent and consistent countless? Coincidently, that day your governor vacations far. If you don’t know much about something, research it, ask questions, learn more about it.
Rebuilding your credit score could be a challenge to most consumers, but with the proper education combine with action your goals could be achieved. Once you get your score to the number you want, you want to protect it by not making careless financial mistakes. In this article, I will disclose the five things that will hurt your score that you have been trying so hard to improve.
Studies in Canada say the average score is around 720… I have been lending for over 10yrs now and find that statistic high! In Mortgage Brokering we can provide preferred rates for anyone having a score of 680 or higher but many times the Lenders will allow a score of 620 for BEST RATES. Have a higher credit score means that you have more negotiation room with your Lender on interest rates. Don’t fret though many people are working on trimming their Credit Bureaus and shaping up to get a Healthy Score. CMHC (Canada Mortgage Housing Corporation) has a minimum requirement for Beacons of 600.
More than likely, they won’t put up much of a fight. A cancellation form on the products will have to be filled out and make sure you get a copy. Now keep in mind, when you cancel the back end products, the warranty company credits the amount back to the bank which will lower your overall loan balance.
Life Insurance is for betting you will die such a loser that you can i get a loan on disability’t pay for your own funeral or leave your kids any inheritance. Many people do not like Nearmeloans. What you will find out is that they are not really searching for can i get a loan on disability but for something else. Extra Car Insurance-How much you betting that you will crash? Not to mention, homeowner’s, mortgage, trip cancellation, emergency evacuation, unemployment, boat, credit card, business interruption, earthquake, disability, dental, smoker, expatriate, backpack traveler, winter sports, flood, warranty and health insurance. The list goes on.
To complicate matters, the husband’s former employer had declared bankruptcy and had not paid his medical bills. The husband was borrowing money to pay the bills, but the medical bills were still growing. The sellers discussed the situation. They understood the buyer’s point of view, but did not know how to fix the problem. Their mortgage lender declined to make a second loan and the sellers didn’t have any savings left.
With whole life insurance, the premium cost will stay the same as long as the policy is in force. Even if you are gravely ill, the cost will never change. It’s guaranteed.
Money talks: Let’s face it – money begets money, and money can get you places, things and results that just cannot be achieved in any other way. As my friend who won the lottery recounts, everyone’s answers change when they know you have money. Suddenly everyone wants to help you, and doors open that would not have otherwise. It’s one of those strange ironies. In the wise words of Richard Templar (author of The Rules of Wealth), “money is simply the oil that makes life run smoothly”.
Now, with your credit score in hand and a copy(s) of your credit bureau, look at your credit. Do you have anything strange on there that is not yours? If so, it’s time to fix it. You should review your credit bureau at least every 6 months to a year. Plus, if your identity has been stolen, you will know quickly. P.S. you can also have a liner placed on the bottom of your bureau that simply states “Do not extend any credit on my behalf without contacting me first. Work # (111)222-3333 Home#(222)333-4444 Cell# (333)444-5555.” Call or write the credit bureaus and request that this is done. You can now do this online for free. Again, do a Google search for all three bureaus listed above.
You have the ability to do something special with the dividends. You can have the dividends paid directly to you. They can send you a check, no questions asked.
10) If I take money out of a reverse mortgage, I will be taxed on it. – This is false. According to an American Bar Association guide to reverse mortgages, as a general rule, the IRS does not consider loan advances to be income. It’s your money, your equity and you are entitled to use it.
