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Review Your Credit Report First Before Applying for a Loan

If you are applying for a loan, obtaining a copy of your credit report is the first place you should start.  Your credit report more than likely is the first thing a potential creditor will look it.  Even if you pay your bills on time and have a good credit score you want to ensure […]

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Get $100 in Free Gas from U.S. Bank

September 5, 2008 | Banking | 2 Comments

Discover Card Deal

This is cool!  U.S. Bank is offering $100 in free gas when you sign-up for a new cash bonus check card.

When you apply for the U.S. Bank Cash Bonus Check Card with a checking account or Business Cash Bonus Check Card with a Business checking account and link it to a Speedpass key tag to purchase gas at Exxon and Mobil pumps, your first $100 spent on gas at Exxon and Mobil stations will be deposited right back into your reward account!

You will also earn 1% cash back after that on every gas purchase at Exxon or Mobil stations.

To get your first $50, purchase $50 in gas at Exxon and Mobil stations. Use your new Cash Bonus Check Card at the pump to earn $50 cash back. To get your second $50 in free gas:

  • Sign up for and activate a new Speedpass key tag and link it to your Cash Bonus Check Card.
  • Spend $50 at Exxon and Mobil gas pumps using your new Speedpass key tag.
  • Get $50 cash back!

This offer ends September 10th! Visit for further details.

Get $50 Cashback Bonus from Discover Card

September 3, 2008 | Credit Cards | No Comments

Discover Card Deal

Check out this really great deal from Discover Card you can sign-up for. You get a cool $50 Cashback Bonus when you make $500 in purchases within 3 months after your account is opened.

This offer is only for new accounts. The card comes with no annual fees and $0 fraud liability protection.

But not only do you get the $50, you also get a the following:

  • 5% Cashback Bonus in categories like travel, home improvement stores, department stores, gas, groceries, and restaurants
  • 5% to 20% Cashback Bonus at top online retailers through our exclusive online shopping site, ShopDiscover
  • Up to 1% unlimited Cashback Bonus on all other purchases automatically
  • Unlimited cash rewards that never expire Increase, even double, your rewards every time you redeem for gift cards or instant eCertificates from over 100 brand-name Partners

Keep in mind, you should use credit cards to make you money and not cost you money.  The goal is to use credit cards for the cash back which requires that you pay off the balance every month.  To sign-up visit

How to Borrow and Save Money for College

September 2, 2008 | Personal Loans | Save Money | Student Loans | 2 Comments

Let’s face it; going to college is very expensive and can become stressful trying to figure out how to pay for it.  If borrowing for college leaves you feeling lost, be assured that you are not alone.

With so many lenders offering so many versions of basic loan types, it can be hard to find the loan that’s best for you. Having options is great. But you need a guide to set you on the right path. To accomplish this, consider SimpleTuition.

SimpleTuition is designed to help find your ideal college loan, and to help you take action. SimpleTuition allows you to compare and apply for student loans from more than 20 lenders to make the best college funding choice for you and your family.

SimpleTuition also offers an objective, sortable, online comparison solution that will make your college borrowing choices a whole lot clearer. Behind their simple, straightforward navigation, a complex engine crunches real numbers to give you real results. SimpleTuition stand behind the accuracy of our results, because they know the importance of this decision for students and families.

Another company to consider is Upromise. Whether you’re preparing for a child to someday enter college, looking to offset the costs for a child currently working toward a degree, or wanting a faster way to repay existing college loans, Upromise will guide you.

Upromise allows you to earn college savings through eligible everyday spending. You can start a college savings plan which allows you to save money on your taxes.  With Upromise you can learn about ways to pay for college and they also offers special discounts, bonuses and money-saving offers.

How is Your Credit Score Determined?

August 27, 2008 | Credit Reporting | 1 Comment

Your credit score, also called your FICO score, developed by the Fair Issac Corporation, is determined by the information on your credit report.

Your credit score can change from month-to-month and is based on a variety of reasons such as how you pay your bills, loans you have, credit cards you may have opened, and even how many companies have checked your credit report.

Your credit score is determined by 5 main factors:

  1. Payment history to determine how you pay your monthly bills.
  2. Current debt with loans and credit cards. 3 – Length of time you have had credit or how long you have had credit cards and loans.
  3. The type of credit you have.
  4. Credit inquiries on your credit report.


This information is then statistically analyzed to determine a numerical number between 300 and 850 which is ranked as follows:

  • Excellent: 750 to 850
  • Good: 720 to 749
  • Fair: 660 to 719
  • Uncertain: 620 to 659
  • Poor: 300 to 619


The number represents the creditworthiness of a person, which is the likelihood that the person will pay their bills. Mortgage and auto loans usually use your score to determine interest rate charged. The lower a consumer’s credit score, the higher the interest charged due to the consumer considered a higher risk.

The credit score is typically from one of the three major credit bureaus which include Experian, TransUnion, and Equifax. You are entitled to 1 free credit report within a 12-month period from each of the three agencies which are available at The report doesn’t list your credit scores, which is available for a fee.

In some states, such as California and Colorado, you can get a free credit report within 30 days of being denied credit or receiving sub-normal credit terms from a lender, due to their credit rating.

What is a Credit Report?

August 24, 2008 | Credit Reporting | 1 Comment

A Credit Report provides information about a persons credit collected by the credit bureaus (Experian, Equifax, and TransUnion) and by consumer reporting companies. Credit card companies, banks, and lenders buy credit reports to analyze consumer credit and payment history.

  • Open and closed credit cards
  • Past collections
  • Home loans
  • Auto loans
  • Student loans
  • Monthly utility bills

Credit Reports will also list companies that have accessed your credit report called a credit inquiry.

With this information lenders and banks determine whether a potential customer will be denied or approved and if approved, the interest rate charged. Typically the lower you credit score, the higher the interest rate charged if the loan is approved.

Related post: Why Do Companies Offer Free Credit Reports?

Save Money on Car Loans

August 19, 2008 | Car Loans | No Comments

Today there are so many options when shopping for a car loan. You can pay for it with cash, a loan or lease it. Paying cash of course is the best option, but most people can’t afford to pay cash. Therefore, most will lease or buy via a traditional loan.

Leasing cars are usually done by people looking for a more luxurious car where a loan payment would get them a cheaper car. Also, leasing cars are usually done by people who like to change their cars frequently.

However, the best way to save on purchasing a car is to buy a car that is slightly used where you’ll save some money because the car has depreciated. You will also be able to pay the car off easier because the loan amount will be lower. Additionally, once the loan is paid off, drive the car as long as possible and then pay yourself the loan amount.

Two car loans companies to consider where you can get instant approval for auto loans are as follows:

Instant Approval Auto Loans
helps individuals with bad credit, no credit, bankruptcies and other problems get the car loan they deserve. The one-minute application is easy to complete, and there is no cost or obligation.

Instant Car Loans can also help you obtain auto credit even if you have bad credit or no credit. This site online application is also easy to complete at no cost or obligation.

Want more providers to consider? Enter your zip code below then submit to see car loan providers in your area. The best way to save money for a car loan is to simply shop around.

Shop for Auto Loans

The Top Rewards / Cashback Credit Cards

August 7, 2008 | Credit Cards | No Comments

If you are the type of person who pays off your credit card bill at the end of the month then you should consider using a credit card with rewards or cashback. Credit card rewards or cashback is a great way to get credit for spending your own money. Click HERE to see the top reward/cashback credit cards.