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Bad Credit Mortgage Loans with Guaranteed Approval (2020) 🏡

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Considering investing in real estate? Feeling deterred by your bad credit? Thinking it might be a good time because of lower interest rates…or is the market about to crash?

After the Federal Government made cuts to interest rates, more people are considering investing in real estate, putting pressure on lenders. The uncertainty of COVID-19 and how it will impact the housing market has resulted in less houses on the market, as sellers pull back.

Lower interest rates driving demand, coupled with rising home prices due to less houses on the market, has caused some confusion among people considering buying a home or investing in property.

In reality, deciding whether to invest or not depends on where you reside, and how long the pandemic will last. However, if you find a home that feels like the right fit for you, have a stable job, and get low rates on your financing, then buying a home could just be the wisest thing to do – even now.

Having a bad credit score shouldn’t deter you either: there are lenders out there with manageable terms and lower rates. You just need to know which ones to look at.

In this review, we list the top five lenders for bad credit mortgage loans for guaranteed approval. We also go through the best loans to consider if you have bad credit, along with the best thing to do before you take out a mortgage.

Bad Credit Mortgage Loans With Guaranteed Approval


After examining more than 18 data points, our top picks are as follows:

1. FHA Rate Guide
Best Overall
2. Lending Tree
Best Rates
3. Wells Fargo Home Mortgage
Best for Low Down Payments
4. PNC Bank Mortgage
Considers Non-Traditional Credit History
5. New American Funding
Best for Customer Service

The Best Mortgage Loans for Bad Credit

1. FHA Rate Guide: Best Overall

FHA
FHA Rate Guide is out best overall lender for bad credit mortgage

Pros

  • Competitive rates 
  • Credit requirements are more lenient than competitors 
  • FHA 203(k) loan available for home improvements
  • Can qualify for a loan quite soon after bankruptcy
  • Loans are assumable

Cons

  • Not suitable for everyone
  • Will need to pay FHA mortgage insurance
  • Stricter property eligibility requirements

If you’re looking to buy a home, finding the top mortgage lenders can be difficult. It can be even more difficult when you have bad credit. But we’ve found a high contender. 

FHA Rate Guide offers an online service that connects people looking for mortgage products to some of the best lenders. Those interested can fill out a detailed application form to get access to the best loan for your personal situation. The platform is our top pick for bad credit mortgage loans for guaranteed approval.

Interest rate: Varies

Application length: 4 minutes

Reputation score: 8.5/10

Highlight: Considers non-traditional credit history

The platform’s FHA Rate Guide is especially beneficial to those looking to refinance and take out an additional loan. This guide will be instrumental in saving you both time and effort on your search for the perfect mortgage. The next question is, what is the eligibility process?

Homeowners with bad credit looking to refinance and take out home equity can utilize the FHA rate guide to get matched with the most suitable lenders for your circumstances. 

Before looking at fees, let’s go through the eligibility process. To move past the initial online application, you will need to be 18 years or older, a U.S resident, and hold the legal authority to agree to a contract.

Should you meet the eligibility criteria, you will be able to access an online application process on the website. Though the coronavirus is not expected to drive down housing prices significantly, the increased demand in housing has contributed towards more lenders going almost 100% virtual. 

Buyer consultations, for example, are virtual because for a time most sellers were not allowing showings. This means that you can expect more lenders to offer more services online.

To begin the application, you will be asked to input some detailed information surrounding your property type, property value, either the total payments remaining on your mortgage or the total down payment. You’ll also be asked for your current income, your credit score, and the amount of cash you are asking to borrow.

After that, your information will be shared with the trusted lenders before you receive an email outlining the eligible loans matching your conditions. Because of the structure of the FHA Rate Guide, the platform cannot assist with any loan applications.

They also have no say over the rates and fees charged. Mostly, the FHA exists to collect the data and send you the best mortgage options for your situation.

Of course, you can’t make your decision without knowing how much you’ll pay. So how much can you expect to pay for a bad credit mortgage loan with the FHA Rate Guide? 

Unfortunately, because the FHA Rate Guide is simply a matching service, this isn’t a straightforward answer. Due to the fact that there are so many potential lenders, loan terms will vary, and will depend on factors including where you live, how much you want to borrow, and your current credit score. 

However, you can look to the following terms as a general guideline:

  • Loan Types: Fixed-rate, VA loans, variable-rate ARM and I/O loans, and FHA loans. 
  • Loan amount: No maximum loan amount .
  • Credit score: All credit types can apply, including damaged and low credit.
  • Additional fees: Each lender will differ when it comes to fees and rates. Most companies will apply a penalty fee for late or missed payments. 
  • APR: This rate usually varies. Once you complete the online application you will receive a specific APR in your personal quote. 

Just like the fees and rates, you should also expect to be met with varying repayment terms. Typically, repayment terms for a variable rate will begin at 1-7 years, and a fixed rate will begin at about 10-40 years. This will also be influenced by your credit score, as well as the loan amount, and your zip code.

As we mentioned, the FHA Rate Guide is not a direct lender. Therefore, as downside to this loan is that the level of customer support offered is limited. In order to get in touch with the company in relation to the service, to offer feedback, or report any issues, you can fill out an online contact form on their official website.

The representatives are known for their quick responses. Unlike direct lenders, there is no FAQ’s page or informational resources offered by the FHA Rate Guide site.


2. Lending Tree: Best Rates

Lendingtree
Lending Tree is our top pick for best rates for bad credit mortgage loans

Pros

  • Simple four step process 
  • Huge range of lending partners
  • No fee to use the service 
  • Alerts on deals and services

Cons

  • Potential for unwanted spam and information overload from partners

Founded in 1996, Lending Tree has facilitated over 55 million loans and $250 billion+ in closed loan transactions. The company helps those with bad credit get the best deal on their mortgage loans.

The platform is not a broker or a mortgage lender. Rather, it gives borrowers multiple offers from several lenders, making it easy to compare and contrast your options.

Because of the competitive nature of the platform, mortgage bankers and brokers offer lower rates and fees to compete with each other for the borrower’s business.

Interest rate: Varies

Application length: 7 minutes

Reputation score: 9.0/10

Highlight: Competition drives down prices

The Lending Tree process is fairly simple and straightforward. The first step is to submit an application through the company’s website or by calling an 800 number.

You’ll be asked some standard mortgage application questions such as your assets, any debts, gross income, how long you’ve been at your current job, and your Social Security number so that a credit report can be pulled. This information is used to choose the lenders it submits your application to.

The platform will submit applications that display a bad credit score only to lenders and brokers likely to accept the offer. Mostly, this will be about four or five companies.

Once the application is submitted, borrowers can expect to start being contacted by mortgage companies within five to 10 minutes later. Just keep in mind, the person that contacts you is paid to convince you that this is the best deal out there.

LendingTree also offers a LoanExplorer page that shows current quotes based on a few different parameters you can submit without giving your identification. This is specifically customized for mortgage loans.

The lending terms vary significantly. Again, this depends on your income, credit score, and amount you are looking to borrow.

Though, those with bad credit are likely to get a guaranteed approval. Generally, the loan range starts at about three years.

The company advertises 5/1 adjustable rate mortgages beginning at 2.97% APRs, but it could go as high as 29.9%. Keep in mind, Lending Tree might not be permitted in some states.

There are an expansive range of funding sources, from mortgage lending companies to banks to bids from lenders that could be individual lenders, partnerships or small companies.

LendingTree has had some complaints from consumers about unwanted spam and too many phone calls from potential lenders. Though these calls are not directly from LendingTree, they are from the funders, this could be considered a downfall to the platform.

When agreeing to LendingTree’s terms of service, you are agreeing to binding arbitration to resolving disputes through LendingTree. In general, LendingTree does not accept any responsibility for the lenders and advertisements displayed on its website.


3. Wells Fargo Home Mortgage: Best for Low Down Payments

Wells Fargo
Well Fargo offers competitive low down payments

Pros

  • Up to date rates posted for loan products 
  • Offers several conveniences online, including process and application updates
  • Wide selection of products and loan types

Cons

  • New applications for home equity lines of credit have been suspended as a result of Covid-19
  • Government scandals have damaged consumer trust

Wells Fargo generally needs no introduction. It is a multinational financial services company, and one of the biggest lenders in the United States. Borrowers can access a selection of purchase and refinancing mortgage products, not to mention home equity lines of credit (HELOCs).

Easy to OwnSM programs give options to those with bad credit, limited credit history, and on a lower income. The company also offers low down payments for those who may be a bit tight on cash as a result of the current Covid-19 pandemic.

Interest rate: 4.125%

Application length: 6 minutes

Reputation score: 8/10

Highlight: Better low-down payments

Wells Fargo publishes a list of its current mortgage rates which is updated on a daily basis. The company offers highly competitive rates for those with strong credit but rates are still reasonable for those looking for a mortgage with bad credit. If you have bad credit, note that the rates published on the Well Fargo website typically assume a top-tier FICO Score (740+) as well as a 20% down payment.

As one of the biggest mortgage lenders in the U.S, Wells Fargo offers a wide variety of options. For purchases, the company offers fixed-rate loans with 30, 20, and 15 years terms. 5/1 and 7/1 ARMs, jumbo loans with adjustable or fixed rates, VA mortgages, as well as FHA and USDA loans.

If you are struggling to improve your credit score, the bank offers a few different refinance loan structures, and HELOCs with the option between a variable and fixed rate. 

Wells Fargo has a good variety of educational articles and videos that can help guide you through your mortgage journey. Not quite sure what the difference is between interest rates and APRs?

You can watch a short, easy-to-follow video explaining. Other videos offer explanations of determining your price range, down payments, the mortgage process itself, and the difference between pre-qualification and pre-approval, to name a few.

While most banks offering mortgages have HELOCs, the Wells Fargo Home Mortgage is a bit different. The company’s HELOCs start off as a variable-rate credit line (which is pretty standard across the industry), then borrowers are given the option to convert part or all of their balance into a fixed-rate advance with a set interest rate for a one-20 year term.

In addition to offering all the typical ways to buy a home with less than 5% down including FHA, USDA, and VA mortgages, Wells Fargo has its own yourFirst Mortgage loan. 

The yourFirst Mortgage loan is a fixed-rate mortgage with the requirement of a 3% down payment. Unlike other programs, like USDA loans, the yourFirst Mortgage loan does not require lenders to have a maximum income limitation. And despite the names, there’s also no requirement for applicants to be a first-time homebuyer to take advantage.

Unlike some lenders which only offer its services in certain states, Wells Fargo’s huge network of around 5,400 branches across the U.S makes this bank highly accessible if you want guaranteed approval for a mortgage loan with bad credit.

Last but certainly not least, Well Fargo offers customers the flexibility needed to feel comfortable during times when our financial situation is so uncertain.

Wells Fargo offers updated interest rates daily, covering all of the APRs, and loan terms, which reflect the overall cost of borrowing.


4. PNC Bank Mortgage: Considers Non-Traditional Credit History

PNC
PNC Bank Mortgage offers informative and helpful online tools

Pros

  • Updates mortgage rates on the website 
  • Online application for mortgage pre-approval
  • Several affordable loans offered including, FHA, USDA, VA, and a PNC community loan.

Cons

  • Unable to complete application entirely online
  • No renovation mortgages offered 
  • In-person service is unavailable in some states

PNC Bank Mortgage offers diverse loan products and competitive terms for bad credit mortgage loans, including some PMI options to take your pick from.

PNC is another ideal option for borrowers looking for a low down payment mortgage, including low to moderate income earners who might fit the requirements for a PNC cash grant. Also, PNC’s pre-approval comes with a firm commitment to lend, for all borrowers.

Interest rate: Varies

Application length: 10-15 minutes

Reputation score: 9/10

Key features: Online tools for borrowers

PNC offers a varied selection of loans that should appeal to most borrowers. PNC offers the most sought after government backed mortgages, including FHA loans (Federal Housing Administration), USDA loans (U.S Department of Agriculture). Borrowers can access up to $5 million with these loans.

The company offers a few different loan programs that assist borrowers in attaining homeownership without a huge cash outlay.

Anyone finding it difficult to manage finances at the moment, avoiding private mortgage insurance (PMI) could apply for a mortgage of 80% of the value of the home, and a HELOC for 9.9% of the value of the home. Then, the down payment requirement is only 10.1%, with no addition of a PMI.

PNC offers FHA loans, which are loans that the bank made and the Federal Housing Administration (FHA) guarantees. These require a down payment of 3.5%. In addition, a PNC community loan. This is a loan program offered by PNC only, with a down payment requirement of 3%, and no PMI.

Typically, lower down payments are attached to higher mortgage interest rates than conventional loans which are typically attached to a 20% downpayment.

Medical interns, fellows, residents, and doctors who have completed their residency in the last five years can access a special mortgage. Cash grants, of $1,500, towards the down payment are also available, based on income limits, and where you reside.

With more Americans considering buying a home as a result of Covid-19, it has arguably caused a move away from compacted, urban areas, towards more suburban, less-populated cities, where they can buy more with their money. If this is something that is viable for you, then it would be good to consider as a money efficient option.

The pre-approval process can be done from the comfort of your home, and its online tools are informative, educational, and all geared towards first time buyers looking to learn more about home loans. Tools include interactive calculators, a Home Insight Planner, and an Application Tracker.


5. New American Funding: Best for Customer Service

Newamerican
New American Funding has an excellent customer satisfaction rating

Pros

  • Several mortgage options
  • App available to manage your mortgage
  • Variety of educational resources provided, like home buyer guides and calculators
  • More conventional loans come with a 14 business day close guarantee

Cons

  • Unavailable in Hawaii and New York

Diverse loan terms and products on top of low rates, are a tough combo to come by. Those considering a mortgage can feel more at ease knowing there is a guaranteed fast closing.

Interest rate: Varies

Application length: 10 minutes

Reputation score: 8.5/10

Key features: High customer satisfaction

In 2018, New American Funding was the 16th biggest mortgage lender by loan volume in the U.S, making $10.1 billion in loans. With a humble beginning by a husband and wife team in 2003, the company now funds mortgages throughout the country.

New American Funding is best suited to self-employed borrowers, since it offers non-QM mortgages that can’t be gotten from all lenders.

Another highlight of the company is its focus on helping people in underserved communities become the proud new owners of a home.

In addition to all the typical loan offerings you come to know on your mortgage journey, New American Funding offers several other special mortgage loans. These include:

  • Energy-efficient mortgages to finance certain home improvements.
  • Non-qualified mortgages, generally for self-employed borrowers and those that do not qualify based on tax returns.
  • Reverse mortgages for homeowners with substantial equity who want to receive a monthly payment. These aren’t right for everyone though, and should be carefully researched and considered.

New American Funding guarantees that it will close the loan within 14 days or pay $250 off their closing costs. This is a significantly shorter period than the industry standard of 40 days. However, it is only applicable to purchase loans, and not brokered loans.

First time home buyers will be happy to know that New American Funding will connect you to resources that will help make the process of owning a home easier. To secure a home without needing to put any, or too much, money down, the company will advise you about the payment assistance and grant programs that you may be able to access in your region.

New American Funding really prioritizes customer satisfaction and its customer service team, offering services in both English and Spanish. Lastly, you will find that its website is clear, and you will find the answers to many of your questions. It also offers helpful information on VA loans, FHA loans, USDA loans, a mortgage calculator and cash-out refis.


How to Secure a Mortgage With Bad Credit

When you’re ready, buying your first house can be a smart investment. You can also end up in a financial disaster if you choose the wrong mortgage.

Right now, the housing market is red hot. In June, home sales surged almost 21% – the biggest monthly gain on record.

So it makes sense that you understand everything you need to know before choosing a bad credit mortgage. Below, we discuss how the coronavirus impacts mortgages, different loans to consider, and whether you can even buy a house with bad credit.

How Coronavirus Impacts Loan Rates

The recent cuts to interest rates have affected mortgages differently. It has also created a spike in demand which has put pressure on lenders. As a result, some government-back mortgages like FHA loans have higher rates, and lenders are tightening their standards in the midst of economic uncertainty.

Overall, there is expected to be an increase in lending during COVID-19 due to the lower rates.

How the Federal Rate Impacts Mortgages

The federal funds rate affects short-term loans, such as adjustable-rate mortgages, which unlike fixed-rate mortgages, have interest rates that float up and down, and credit card debt. Long term fixed rate mortgages are generally not affected by the fed funds rate.

What to Consider If You’re Shopping for a Mortgage

Buying a home during the Covid-19 pandemic can be done under the right circumstances. Starting with the basics, if you like the home, have a stable income, and find a bad credit mortgage loan with manageable rates, considering buying the property would not be a bad move. The same goes for those looking to invest in property.

Though it’s difficult to time the real estate market. Where it was once thought that investing in property was a safe bet, we have already seen the real estate market suffer two huge shocks. The first, the 2008 financial crisis, and the second we are witnessing, and living through, now.

Without a job, people will not be able to repay any debts. That said, people did not have the safety of government aid programs during the Great Recession of 2008, 

Therefore, the best we can do is outline the basics of property buying:

  1. Ask yourself how long you will stay in your new home for. If you think it will be less than five years, try to find one that you can build value on.
  2. Have a good understanding of your budget. Especially now, don’t spend beyond your means and hope that it works out. Prices will likely decline in the short run, so be aware of overspending.
  3. Find somewhere that meets your needs. Buy something that meets your basics needs now, and invest in improvements over time.
  4. Look for a suitable neighbourhood for you. Look for somewhere with a good school district, as this will likely hold the value of the home.
  5. Make sure that the terms of your mortgage works for you now.

Can I Get Approved for a Home Loan With a 500 Credit Score?

One of the first things a lender will do when you apply for a mortgage is check your credit score. This can range from 300 – 850 for base scores and from 250 – 900 for industry specific score.

The better your credit score, the more chance you have of qualifying for better rates. This is typically in the range of 700 or higher. If your credit score falls below this, you will find it more difficult to get a mortgage loan, and you’ll probably have to pay unfair rates for the ones you do qualify for.

Though, if your score drops below 620, you could find yourself in the difficult position. To prevent this from happening, consider using a top credit monitoring service. This will safeguard your credit and let you know of any suspicious activity.

While it is possible to get a home loan with a score in the 600s, the CFPB warns that these loans tend to be attached to higher interest rates which could put you at risk of default. This is because if you are paying higher interest rates, then it will be more difficult to repay. 
For this reason, it makes sense to look into some of the leading credit repair companies and try to improve your credit before you buy a house.

Can I Get a Mortgage with Bad Credit?

While getting a loan with bad credit can be difficult, some lenders are willing to work with borrowers with lower scores. 

Basically, a subprime mortgage is a loan with higher interest rates than conventional loans, accessible to borrowers with better credit. Unfortunately, subprime loans not only have increased rates, but there are also other features that make them risky loans.

These loans can start off with a lower rate than a fixed rate mortgage but then the interest can increase once the introductory term is over.

What Types of Home Loans Are Available for Those With Bad Credit?

While there are bad credit loan options out there for other purposes, bad credit mortgage loans can be more tricky to work out. To start, we suggest you avoid a subprime loan because of its risks. Here are the details of some viable alternatives if you are looking for a mortgage with bad credit:

  1. FHA Loans: The Federal Housing Administration is set up to help potential homebuyers secure mortgages even without the best credit score. To qualify for an FHA loan you will only need a credit score of 580, which will require a down payment of 3.5% of the purchase price of your home.
  2. VA loans: VA loans are available to active-duty military members and veterans and are guaranteed by the Department of Veterans Affairs. Your credit score will typically need to be 620 or higher to qualify, but some lenders will accept a credit score of 580. In some cases, VA loans require a 0% down payment.
  3. USDA loans: The aim of USDA loans is to assist those on a lower-income who want to buy homes in rural areas. This loan typically requires a credit score of 640 or higher but again, some lenders will accept lower scores. You may also be eligible for a 0% down payment with this loan.
  4. Fannie Mae HomeReady loans: These are specifically created to assist lower-income borrowers. You will need to have a credit score of 620 or more to qualify for this, along with a downpayment of only 3%, in some cases.
  5. Freddie Mac Home Possible® loans: The aim of these is to create more accessible loans for homebuyers with moderate incomes. You may be eligible for a down payment as little as 3%.

Bad Credit Mortgage Loans: The FHA Loan

If you have a bad credit score as a result of certain events in your life then qualifying for a conventional loan can be extremely difficult.

Other Government loans like the USDA or VA are less forgiving than FHA loans. For these, lenders generally require a FICO score of 620. Plus, you would need to live in a rural area or be a veteran.

If you are a first time home buyer and have bad credit combined with a low down payment, a low credit score FHA loan may be the best option for you. It also wouldn’t hurt checking out if there’s anything you can get removed from your credit report. This could make a huge difference to your financial future.

Can I Get an FHA Loan With Bad Credit?

In most cases, lenders require a minimum score of 620 for conventional loans, whereas requirements for FHA loans are looser. Homebuyers with a score as low as 500 could be eligible to access an FHA loan.

What Credit Score Do I Need for an FHA Loan?

Rising housing costs and crippling student debt means more people are looking for loans with low-down payment requirements.

To be considered for an FHA loan you will need to meet these minimum requirements:

  • Minimum FICO score requirement of 500
  • Credit score of 580+ will qualify you for a 3.5% down payment.
  • Credit score of 500 to 579 will qualify you for a 10%+ down payment.

What is the Minimum Credit Score for Down Payment Assistance?

As outlined above, the minimum credit score for down payment assistance is 580 to be eligible for a 3.5% down payment, and a score of 500 or more to qualify for a 10% down payment.

Do All Banks Do FHA Loans?

In order to offer an FHA-insured home loan, a mortgage lender must be approved by the federal agency managing the program. Because this loan is highly sought after, most banks offer FHA loans.

What Makes a House FHA Approved?

Of course, the saying goes nothing in life is guaranteed – except death and taxes! However, if you meet the following requirements then your FHA mortgage is virtually guaranteed.

Before you look into applying for an FHA loan, consider doing some research on how debt consolidation works. If you have numerous debts, consolidating your debts could increase your chances of getting better rates.

  • You meet the down payment and minimum credit score requirement
  • You have had income for the last two years.
  • You have sufficient income to meet the loan repayments.
  • You haven’t been bankrupt within the past two years, not have you had a foreclosure in the past three years.
  • The home is to be your main residence and is in good condition. 

If you meet these requirements, your bad credit FHA mortgage should have guaranteed approval.

What Will Fail an FHA Appraisal?

The structure of the property must be in a livable condition. This means that there must be no dampness, leakage, structural damage, termite damage, or decay or the property could fail inspection. In this case, the house must be repaired before the FHA loan can be approved.

What Is the Downside of a FHA Loan?

Traditionally, a key benefit of an FHA loan is the lower interest rates. However, this isn’t always true for those with bad credit scores. If you have a low credit score your FHA rate will be a little more than someone with a higher credit score.

What Mortgage Company Works With Bad Credit?

When you’re shopping for a mortgage, regardless of your credit score, you should compare rates and terms from various lenders. Looking at some of the top debt consolidation loans also could also help you get better rates. This is especially true if you have bad credit that can make it harder to find manageable terms. 

Consider lenders like:

  • National and community banks
  • Mortgage companies
  • Credit unions

Who is the Best Mortgage Lender for Bad Credit?

To help you find a mortgage lender offering better terms, we recommend consulting our list of the top bad credit mortgage loans for guaranteed approval, and doing some further research to find the best one for your situation.

Can I Get Preapproved for a Mortgage With Bad Credit?

To get pre-approved for a bad credit mortgage loan, you will need to fill out the lender’s mortgage application process. The lender will review the information offers and give you an estimate of the amount of the loan they can offer.

What is Considered a Good FICO Score?

Learning how to comprehend your credit report is crucial. FICO Scores are used by many lenders, and generally range from 300 to 850. A good FICO score is considered to be 670 or higher. A score above 800 is considered to be exceptional.

Can I Buy a House With Bad Credit and No Money Down?

As you’ve just seen, Government backed Va and USDA loans can enable you to buy a home with bad credit and $0 money down.

How Long Do Lenders Look at Positive Credit History?

Typically, lenders will look for about 12-18 months of positive history. This includes no late or missed payments, and modest balances.

What Credit Score Do You Need to Refinance Your Mortgage?

To refinance your mortgage, credit requirements vary from lender to lender, and depend on the mortgage type. Generally though, you’ll need a minimum credit score of 620 for a conventional mortgage.

What is a Good Credit Score for a First Time Home Buyer?

First time home buyers usually need to have a credit score of 640 to qualify for homebuyer assistance. That said, chances are you might need a score of up to 680 to qualify for a conventional mortgage. It could be a good idea to look into credit repair companies near you

A good credit repair company will look after any errors on your report for you so you don’t have to go through the time consuming legalwork yourself.

How Much is a Payment on a $200,000 House?

For example, if you borrow $200,000 at 5% with a loan range of 30 years, you will pay $1,073.64 per month. With fixed-rate mortgages, this will stay the same over the loan term.

Will Adding My Spouse as an Authorized User Help His/Her Credit?

Adding your spouse as an authorized user could help their credit, and it will not harm yours. Your credit score is a reflection of your credit history, so your score won’t include your partners.

How Can I Quickly Raise My Credit Score?

Here are some ways you can quickly raise your credit score:

  1. You can check your credit report with Experian. Your credit score is based on the information contained in your credit report.
  2. Create a budget and stick to it.
  3. Make sure all your payments are on time and paid in full.
  4. Put some of your wage towards an emergency fund.
  5. Use the UltraFICO and Experian Boost programs. 
  6. Be careful about closing credit cards because this can lower your credit score by causing your available credit to drop and thus, reducing your borrowing power, and more importantly, your credit-utilization ratio.
  7. Don’t wait, the quicker you begin improving your finances the more likely you are to improve your credit score.

The Bottom Line

Qualifying for a bad credit mortgage is not impossible. You’ll need to consider your options carefully and might want to look a bit deeper into FHA loans to get the best rates.

Before considering a bad credit mortgage loan though, consider working towards improving your credit score. Better credit score will help you find a better loan, with more manageable loan terms and lower interest rates.

You might also want to look into debt consolidation loans for bad credit to help you streamline your payments, potentially pay a lower interest, and in turn improve your credit. All of which will give you a better chance of qualifying for a conventional mortgage loan.

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on TheTokenist.io. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

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Bad Credit

Inside the Highly Profitable and Secretive World of Payday Lenders

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Illustration by Sarah Maxwell, Folio Art

When Bridget Davis got started in the family’s payday lending business in 1996, there was just one Check ’n Go store in Cincinnati. She says she did it all: customer service, banking duties, even painting walls.

The company had been established two years earlier by her husband, Jared Davis, and was growing rapidly. There were 100 Check ’n Go locations by 1997, when Jared and Bridget (née Byrne) married and traveled the country together looking for more locations to open storefront outlets. They launched another 400 stores in 1998, mostly in strip malls and abandoned gas stations in low-income minority neighborhoods where the payday lending target market abounds. Bridget drove the supply truck and helped select locations and design the store layouts.

But Jared soon fired his wife for committing what may be the ultimate sin in the payday lending business: She forgave a customer’s debt. “A young woman came to pay her $20 interest payment,” Bridget wrote in court documents last year during divorce proceedings from Jared. “I pulled her file, calculated that she had already paid $320 to date on a principle [sic] loan of $100. I told her she was paid in full. [Jared] fired me, stating, ‘We are here to make money, not help customers manage theirs. If you can’t do that, you can’t work here.’ ”

Photograph by Brittany Dexter

It’s a business philosophy that pays well, especially if you’re charging fees and interest rates of 400 percent that can more than triple the amount of the loan in just five months—the typical time most payday borrowers need to repay their debt, says the Pew Charitable Trusts, a nonprofit organization focused on public policy. Cincinnati-based Check ’n Go now operates more than 1,100 locations in 25 states as well as an internet lending service with 24/7 access from the comfort of your own home, according to its website. Since its founding, the company has conducted more than 50 million transactions.

What the website doesn’t say is that many, if not most, of those transactions were for small loans of $50 to $500 to working people trying to scrape by and pay their bills. In most states—including Ohio, until it reformed its payday lending laws in 2019—borrowers typically fork over more than one-third of their paycheck to meet the deadline for repayment, usually in two weeks. To help guarantee repayment, borrowers turn over access to their checking account or deposit a check with the lender. In states that don’t offer protection, customers go back again and again to borrow more money from the same payday lender, typically up to 10 times, driving themselves into a debt trap that can lead to bankruptcy.

Jared and Bridget Davis are embroiled in a nasty court battle related to his 2019 divorce filing in Hamilton County Domestic Relations Court. Thousands of pages of filings and 433 docket entries by April 26 offer the public a rare glimpse into the business operations of Check ’n Go, one of Cincinnati’s largest privately-owned companies, as well as personal lifestyles funded by payday lending.

The company cleared $77 million in profit in 2018, a figure that dipped the following year to $55 million, according to an audit by Deloitte. That drop in revenue may have something to do with the payday lending reform laws and interest rate caps passed recently in Ohio as well as a growing number of other states.


The day-to-day business transactions that provide such profit are a depressing window into how those who live on the edge of financial security are often stuck with few options for improving their situations. If a borrower doesn’t repay or refinance his or her original loan, a lender like Check ’n Go deposits the guarantee check and lets it bounce, causing the borrower to incur charges for the bounced check and eventually lose his or her checking account, says Nick DiNardo, an attorney for the Legal Aid Society of Greater Cincinnati. After two missed payments, payday lenders usually turn over the debt to a collection agency. If the collection agency fails to collect the full amount of the original loan as well as all fees and interest, it goes to court to garnish the borrower’s wages.

That devastating experience is all too familiar to Anthony Smith, a 60-year-old Wyoming resident who says he was laid off from several management positions over a 20-year period. He turned to payday lenders as his credit rating dropped and soon found himself caught in a debt trap that took him years to escape.

Two things happened in 2019, Smith says, that turned around his financial fortunes. First, he found a stable manufacturing job with the Formica Company locally, and then he took his mother’s advice and opened a credit union account. GE Credit Union not only gave him a reasonable loan to pay off his $2,500 debt but also issued him his first credit card in a decade. “I had been a member [of the credit union] for just two months, and I had a credit rating of 520. Can you imagine?” he says. Smith says he is now debt-free for the first time in 10 years.

Consumer advocates say Check ’n Go is one of the biggest payday lending operations in the nation. But knowing its exact ranking is difficult because most payday lending companies, including Check ’n Go and its parent company CNG Holdings, are privately held and reluctant to disclose their finances.

Brothers Jared and David Davis own the majority of the company’s privately held stock. David bought into the company in 1995, but CNG got its game-changing infusion of capital from the brothers’ father, Allen Davis, who retired as CEO of then-Provident Bank in 1998. Allen sold off $37 million in stock options and essentially became CNG’s bank and consultant.

By 2005, however, the sons were part of a public court battle against their father. Allen accused Jared and David of treating his millions in CNG stock as compensation instead of a transfer from his ex-wife (and the brothers’ mother), sticking him with a $13 million tax bill. In turn, the brothers accused Allen of putting his mistress and his yacht captain on the company payroll, taking $1.2 million in fees without board approval, and leading the company into ventures that lost Check ’n Go a lot of money. Several years of legal fighting later, the IRS was still demanding its $13 million. CNG officials did not respond to requests for comment for this story.

Jared and David split $22 million in profit from CNG in 2018 and, according to the Deloitte audit, CNG’s balance sheet showed another $42 million that could be split between the two brothers in 2019. Jared, however, elected not to receive his $21 million distribution “in order to create this artificial financial crisis and shelter millions of dollars from an equitable split between us,” according to Bridget’s divorce filing.

Worse, she claims, Jared said they would be responsible for paying taxes out of their personal accounts rather than from CNG’s company earnings, making her personally responsible for half of the $5.5 million in taxes for 2019. She believes it wasn’t happenstance that $5.5 million was wired to Jared’s private bank account in December of that same year. Bridget has refused to sign the joint tax return, and Jared filed a complaint with the court saying a late tax filing would cost them $1 million in penalties and missed tax opportunities.

“For the duration of our marriage and to the present, Jared has full and complete control of all money paid to us from various investments we have made in addition to our main source of income, CNG,” Bridget wrote in her motion. She suspects that Jared, without her knowledge or consent, plowed the money for their taxes and from other sources of income into Black Diamond Group, the fund that invests in the Agave & Rye restaurant chain. Beyond the original restaurant opened in Covington in 2018, “they have opened four other locations in one year,” she wrote, including Louisville and Lexington. (The ninth location opened in Hamilton this spring.) Agave & Rye’s website touts its Mexican fare as “a chef-inspired take on the standard taco, elevating this simple food into something epic!”

In his response, Jared wrote, “We have very limited regular sources of income.” He says he isn’t receiving any additional distributions from CNG, the couple’s primary source of income, “and this is not within my control. The company has declared that we would not make any further distributions in 2020 given economic circumstances. This decision is based on a formula and is not discretionary.” Agave & Rye helped produce $645,000 in income for Black Diamond in 2020 but has paid out $890,000 in loans, he says. Through August 31, 2020, he wrote, the couple’s “expenses have exceeded income from all sources.”


The divorce case filings start slinging mud when the couple accuses each other of breaking up their 22-year marriage and finding new partners. Jared claims Bridget began an affair during their marriage with Brian Duncan, a contractor she employed through her house flipping business. Bridget, he says, paid Duncan’s company $75,000 in 2018 as well as giving him a personal gift of $70,000 that same year. Jared says she also bought Duncan at least one car and purchased a house for him near hers on Shawnee Run Road for $289,000, then loaned money to Duncan. Jared says Duncan has been late in repaying the note.

While Bridget says Duncan has been drug-free for several years, he has a rap sheet with Hamilton County courts from 2000 to 2017 that runs five pages long. It lists a half-dozen counts of drug abuse and drug possession, including heroin and possession of illegal drug paraphernalia; assaulting a police officer; stealing a Taser from a police officer; criminal damaging while being treated at UC Health; more than a dozen speeding and traffic violations; a half-dozen counts of driving with a suspended license; receiving stolen property; twice fleeing and resisting arrest; three counts of theft; two counts of forgery; and one count for passing bad checks.

Bridget has fired back that Jared not only is hiding his money from her but spending it lavishly on vacations, resorts, and high-end restaurants with his new girlfriend, Susanne Warner. Bridget says Jared gifted Warner with $40,000 without Bridget’s knowledge, then declared it on their joint tax return as a “contribution.” Bridget’s court filings include photocopies of social media posts of Jared and Warner globetrotting from summer 2019 to summer 2020: vacation at Beaver Creek Village in Avon, Colorado; cocktails at High Cotton in Charleston, South Carolina, and dinner at Melvyn’s Restaurant and Lounge in Palm Springs, California; getaways at resorts in Nashville and at a lakefront rental on Norris Lake ($600 per night); in the Bahamas at a Musha Cay private residence ($57,000 per night), at South Beach in Miami, and at a private beach at Fisher Island; in Mexico at Cabo San Lucas; in the U.S. Virgin Islands at Magen’s Bay and on a private yacht ($4,500 per night); in California at Desert Hot Springs, the Ritz-Carlton in Rancho Mirage, and Montage at Laguna Beach; and in the Bahamas at South Cottage ($2,175 per night).

For her part, Bridget has gone through some of the top lawyers in town faster than President Trump during an impeachment—six in all, two of whom she’s sued for malpractice. She sent four binders of evidence to the Ohio Supreme Court, asking for the recusal of Hamilton County Judge Amy Searcy and claiming Searcy was biased because of campaign donations from Jared and his companies. Rather than deal with the list of questions sent to her by Chief Justice Maureen O’Connor, Searcy stepped down. Two other judges have since stepped into the fray, and in March Bridget filed for a change of venue outside of Hamilton County, arguing she can’t get a fair trial in her hometown. At press time, a trial date had been set for June 28 in Hamilton County.

The poor-mouthing in the divorce case has reached heights of comic absurdity. Jared claims he’s “illiquid” because he didn’t get his distribution from CNG in 2019. Bridget has received debt collection notices for the nearly $21,000 owed on her American Express card and a $735 bill from Jewish Hospital. There’s no sign yet that anyone is coming to repossess her Porsche, which according to her filings has a $5,000 monthly payment. Each party has received $25,000 a month in living expenses, an amount later reduced to $15,000 under a temporary legal agreement while the divorce case is being sorted out. Court filings show that Jared’s net worth is almost $206 million and Bridget’s is $22.5 million.


In the early 1990s, Allen Davis was raising eyebrows at Provident Bank (later bought by National City), and not only because of his very unbanker-like look of beard, ponytail, and casual golf wear. He was leading the company into questionable subprime home loans for people with bad credit and a frequent-shopper program for merchants, though the bank’s charter barred him from getting involved in full-blown predatory lending practices. With guidance and funding from his father, Jared, at age 26, launched Check ’n Go in 1994 and became a pioneer in the payday lending industry. Jared and his family saw there were millions of Americans who didn’t have checking or savings accounts (“unbanked”) or an adequate credit rating (“underbanked”) but still needed loans to meet their everyday expenses. What those potential customers did have was a steady paycheck.

Conventional banks share a big part of the blame for the nation’s army of unbanked borrowers by imposing checking account fees and onerous penalties for bounced checks. In 2019, the Federal Deposit Insurance Corporation estimated there were 7.1 million U.S. households without a checking or savings account.

The Davises launched Check ’n Go on the pretext that it would “fill the gap” for people who occasionally needed to borrow money in a hurry—a service for those who couldn’t get a loan any other way. But consumer advocates say the real business model for payday lending isn’t a service at all. The majority of the industry’s revenue comes from repeat business by customers trapped in debt, not from borrowers looking for a quick, one-time fix for their financial troubles.

Ohio’s payday lending lobbyists got a strong hold on the state legislature in the late 1990s, and by 2018 Democratic gubernatorial candidate Richard Cordray could rightfully claim in a campaign ad that “Ohio’s [payday lending] laws are now the worst in the nation. Things have gotten so bad that it is legal to charge 594 percent interest on loans.” His statement was based on a 2014 study by the Pew Charitable Trusts.

The frustration for consumer advocates was that Ohioans had been trying to reform those laws since 2008, when voters overwhelmingly approved a ballot initiative placing a 28 percent cap on the interest of payday loans. But—surprise!—lenders simply registered as mortgage brokers, which enabled them to charge unlimited fees.

The Davis family and five other payday lending companies controlled 90 percent of the market back then, an express gravy train ripping through the poorest communities in Ohio. The predatory feeding frenzy, especially in Ohio’s hard-hit Rust Belt communities, prompted a 2017 column at The Daily Beast titled, “America’s Worst Subprime Lender: Jared Davis vs. Allan Jones?” (Jones is founder and CEO of Tennessee-based Check Into Cash.) In 2016 and 2017, consumer advocates mustered their forces again, and this time they weren’t allowing for loopholes. The Pew Charitable Trusts joined efforts with bipartisan lawmakers and Ohioans for Payday Loan Reform, a statewide coalition of faith, business, local government, and nonprofit organizations. Consumer advocates found a legislative champion in State Rep. Kyle Koehler, a Republican from Springfield.

It no doubt helped reform efforts that former Ohio Speaker of the House Cliff Rosenberger resigned in spring 2018 amid an FBI investigation into his cozy relationship with payday lenders. Rosenberger had taken frequent overseas trips—to destinations including France, Italy, Israel, and China—in the company of payday lending lobbyists. In April 2019, Ohio’s new lending law took effect and, since then, has been called a national model for payday lending reform that balances protections for borrowers, profits for lenders, and access to credit for the poor, according to the Pew Charitable Trusts. New prices in Ohio are three to four times lower for payday loans than before the law. Borrowers now have up to three months to repay their loans with no more than 6 percent of their paycheck. Pew estimates that the cost of borrowing $400 for three months dropped from $450 to $109, saving Ohioans at least $75 million a year. And despite claims that the reforms would eliminate access to credit, lenders currently operate in communities across the state and online. “The bipartisan success shows that if you set fair rules and enforce them, lenders play by them and there’s widespread access to credit,” says Gabe Kravitz, a consumer finance officer at the Pew Charitable Trusts.

Other states like Virginia, Kansas, and Michigan are following Ohio’s lead, Kravitz says. Some states, such as Nebraska, have even capped annual interest on payday loans. As a result, Pew researchers have seen a reduction in the number of storefront lending op­erations across the country. Even better, Kravitz says, there’s no evidence that borrowers are turning instead to online payday lending operations.

Cincinnati is one of five cities chosen for a grant to replicate the success of Boston Builds Credit, an ambitious effort that city launched in 2017 to provide credit counseling in poor and minority communities by training specialists at existing social service agencies. The program also encourages consumer partnerships with credit unions, banks, and insurance companies to offer small, manageable loans that can help the unbanked and underbanked improve their credit ratings. “Right now, local organizations are all kind of working in silos on the problem in Cincinnati,” says Todd Moore of the nonprofit credit counseling agency Trinity Debt Relief. Moore, who applied for the Boston grant, says he’s looking for an agency like United Way or Strive Cincinnati to lead the effort here.

Anthony Smith is thankful that he’s escaped the downward spiral of his payday loans, especially during the pandemic’s economic turmoil. “I’m blessed for every day I can get paid and have a job during these difficult times, just to be able to pay my bills and meet my responsibilities,” he says. “I’ve always kept a job, but until now I’ve had crappy credit. That doesn’t mean I’m a bad guy.”

Can others worth millions of dollars say the same?

Inside the Highly Profitable and Secretive World of Payday Lenders Source link Inside the Highly Profitable and Secretive World of Payday Lenders



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What’s Questionable Credit and Can I Get a Car Loan With It?

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Questionable’s definition means that something’s quality is up for debate. If a lender says that your credit score is questionable, it’s likely that they mean it’s poor, or at the very least, they’re hesitant to approve you for vehicle financing. Here’s what most lenders consider questionable credit, and what auto loan options you may have.

Questionable Credit and Auto Lenders

Many auto lenders may consider questionable credit as a borrower with a credit score below 660. The credit score tiers as sorted by Experian the national credit bureau, are:

  • Super prime: 850 to 781
  • Prime: 780 to 661
  • Nonprime: 660 to 601
  • Subprime: 600 to 501
  • Deep subprime: 500 to 300

The nonprime credit tiers and below is when you start to get into bad credit territory and may struggle to meet the credit score requirements of traditional auto lenders.

This is because lenders are looking at your creditworthiness – your perceived ability to repay loans based on the information in your credit reports. Besides your actual credit score, there may be situations where the items in your credit reports are what’s making a lender question whether you’re a good candidate for an auto loan. These can include:

  • A past or active bankruptcy
  • A past or recent vehicle repossession
  • Recent missed/late payments
  • High credit card balances
  • No credit history

There are ways to get into an auto loan with questionable credit. Your options can change depending on what’s making your credit history questionable, though.

Questionable Credit Auto Loans

If your credit score is less than stellar, it may be time to look at these two lending options:

  • What Is Questionable Credit and Can I Get a Car Loan With It?Subprime financing – Done through special finance dealerships by third-party subprime lenders. These lenders can often assist with many unique credit situations, provided you can meet their requirements. A great option for new borrowers with thin files, situational bad credit, or consumers with older negative marks.
  • In-house financing – May not require a credit check, and is done through buy here pay here (BHPH) dealers. Typically, your income and down payment amount are the most important parts of eligibility. Auto loans without a credit check may not allow for credit repair and may come with a higher-than-average interest rate.

Both of these car loan options are typically available to borrowers with credit challenges. However, if you have more recent, serious delinquencies on your credit reports, a BHPH dealer may be for you. Most traditional and subprime lenders typically don’t approve financing for borrowers with a dismissed bankruptcy, a repossession less than a year old, or borrowers with multiple, recent missed/late payments.

Requirements of Bad Credit Car Loans

In many cases, your income and down payment size are the biggest factors in your overall eligibility for bad credit auto loans. Expect to need:

  • 30 days of recent computer-generated check stubs to prove you have around $1,500 to $2,500 of monthly gross income. Borrowers without W-2 income may need two to three years of professionally prepared tax returns.
  • A down payment of at least $1,000 or 10% of the vehicle’s selling price. BHPH dealers may require up to 20% of the car’s selling price.
  • Proof of residency in the form of a recent utility bill in your name.
  • Proof of a working phone (no prepaid phones), proven with a recent phone bill in your name.
  • A list of five to eight personal references with name, phone number, and address.
  • Valid driver’s license with the correct address, can’t be revoked, expired, or suspended.

Depending on your individual situation, you may need fewer or more items to apply for a bad credit auto loan. However, preparing these documents before you head to a dealership can speed up the process!

Ready to Get on the Road?

With questionable credit, finding a dealership that’s able to assist you with an auto loan is easier said than done. Here at Auto Credit Express, we want to get that done for you with our coast-to-coast network of special finance dealerships.

Complete our free auto loan request form and we’ll get right to work looking for a dealer in your local area that can assist with many tough credit situations.

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Entrepreneur Tae Lee Finds Her Fortune

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By Jasmine Shaw
For The Birmingham Times

Birmingham native Tae Lee had plans last year to visit the continent of Africa, the South American country of Columbia, and the U.S. state of Texas.

“I was going to stay in each place for like four to six weeks, and then COVID-19 happened,” she said. “So, I just was like, ‘You know what, I’m just gonna go to Mexico and stay for six months.’”

Once home from Playa Del Carmen, located on Mexico’s Yucatán Peninsula, the 33-year-old entrepreneur put the final touches on “Game of Fortune: Win in Wealth or Lose in Debt,” a financial literacy card game for ages 10 and up.

“We created ‘Game of Fortune’ because we realized there was a gap in learning the fundamentals of money,” said Lee. “We go through life not knowing anything about money and then—‘Bam!’—real life hits. Credit, debt, and bills come at us quick!”

Lee believes the game “gives players a glimpse of real life” by using everyday scenarios to teach them how to make wiser financial decisions without having to waste their own money.

“I feel like [financial literacy] can be learned in ways other than somebody standing up and preaching it to you over and over again,” she said. “You can learn it in ways that are considered fun, as well.”

Which is why “we want the schools to buy it, so we can give students a fun way to learn about financial literacy,” she added.

Lee, also called the “Money Maximizer,” is an international best-selling financial author, speaker, coach, and trainer who is known for her financial literacy books, including “Never Go Broke (NGB): An Entrepreneur’s Guide to Money and Freedom” and the “NGB Money Success Planner High School Edition.” The Birmingham-based financial guru focuses on creating diverse streams of income in the tax, real estate, insurance, and finance industries.

For Lee, it’s about building generational wealth, not debt.

Indispensable Lessons

Lee got her first glance at entrepreneurial life as a child watching her mother, Valeria Robinson, run her commercial cleaning company, V’s Cleaning. Robinson retired in 2019.

“My grandmother had a cleaning service, too,” said Lee. “So, even though I didn’t start out as an entrepreneur, watching my mom and grandma do it taught me a lot.”

Lee grew up in Birmingham and attended Riley Elementary School, Midfield Middle School, and Huffman High School. She then went on to Jacksonville State University, in Jacksonville, Alabama, where she earned bachelor’s degree in physical education. She struggled to find a career in her field and became overwhelmed by student loans.

“My credit and stuff didn’t get bad until after college,” she said. “I was going through school and taking money, but nobody told me, ‘Oh, you’re gonna have to pay all of this back.’”

Before embarking on her extensive career in money management, Lee had not learned the indispensable lessons that she now shares with clients.

“‘Don’t have bad credit.’ That’s all I learned,” she remembers. “Financial literacy just wasn’t taught much. I learned the majority of my lessons as I aged.”

In an effort to ward off collection calls and raise her credit score, Lee researched tactics to strategically eliminate her debt.

“I knew I had to pay bills on time, and I couldn’t be late with payments,” she said.

Lee eventually began helping friends revamp their finances and opened NGB Inc. in 2017 to share fun, educational methods to help her clients build solid financial foundations.

“People were always coming to me like, ‘How do I invest in this?’ and ‘How do I do that?’ So, I said to myself, ‘You know what, people should be paying to pick your brain.’”

Legacy Building

While Lee enjoyed watching her clients reach milestones, like buying a new car with cash or making their first stock market investment, she was also designing “Game of Fortune” to teach the value of legacy building.

“The game gives players the knowledge to build generational wealth, not generational debt,” she said. “It gives you a glimpse of life, money, and what can truly happen if you mismanage your coins.”

Using index cards to create her first “Game of Fortune” sample deck, Lee filled each card with pertinent terms related to debt elimination and credit and wealth building. She then called on a few friends to help her work through the kinks.

Three of her good friends—Barbara Bratton, Daña Brown, and Sha Cannon—were just a few of the people that gave feedback on the sample deck.

“From there I met with Brandon Brooks, [owner of the Birmingham-based Brooks Realty Investments LLC], and four other financial advisors to fine-tune the definitions and game logistics,” Lee said.

Though Lee was unable to land a job in physical education after graduating from college, she now sees her career with NGB Inc. as life’s unexpected opportunity to teach on her own terms.

“Bartending and waitressing taught me that working for someone else was not for me,” she replied. “In order to get the life I always wanted, I had to create my own business.”

In her entrepreneurial pursuits, Lee strives to be an open-minded leader who embraces the need for flexibility.

“COVID-19 has shown me that in entrepreneurship you have to maneuver,” she said. “When life changes, sometimes your business will, too. You may have to change the path, but your ending goal can be the same.”

“Game of Fortune: Win in Wealth or Lose in Debt” is available and sold only on the “Game of Fortune” website: gameoffortune.money. To learn more about Tae Lee and Never Go Broke Inc., visit taelee.money and nevergobroke.money or email [email protected]; you also can follow her on Facebook (https://www.facebook.com/nevergobrokeinc) and Instagram (@nevergobrokeinc).

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