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Can Apple’s ‘Path’ Program Really Help You with Your Credit?



Among the many new Apple announcements, one very interesting and impactful revelation has flown under the radar – Apple has a program to help you improve your credit.

The tool is called Path to Apple Card, and it was created for a very specific purpose: to aid people who failed their credit check when applying for an Apple Card, so they can get the Apple Card later with better credit.

If you were denied your Apple Card application for bad credit reasons, you probably have a lot of questions about this Path program – like “Does this really work?” and “How does this affect my overall credit score?”

Well, Path to Apple Card certainly isn’t for everyone, but for Apple fans with middling credit who need a little help along the way, it could be a good option for improving their financial situation – and, of course, finally getting that Apple Card. Here’s everything you need to know.

Program Basics

Path is a monthly program that’s run by Goldman Sachs, the financial firm that manages Apple’s credit checks. It can last up to four months, at which time you apply for the Apple Card again with a greater likelihood of getting accepted (it’s not guaranteed, but the program is designed to make it happen). Along the way, you take certain steps to improve your credit with good financial decisions and avoid making mistakes that would lower your credit further. At the end, you are invited to apply for the Apple Card once more, and Goldman Sachs runs another credit check.

Starting the Program

First you need to see if you can opt into Path – and this is not guaranteed. When your application for the Apple Card is first declined, Goldman Sachs will run an automatic review of the financial information you provided.

If it looks like your credit is right on the line where a few months of good financial habits will push you over into qualification, then you will get a message about enrolling in Path to Apple Card.

If it looks
like Path can’t really help your financial situation, then your application
will be declined and you won’t get a message about the program.

Program Steps

Path is designed to last for four months. At the beginning of the program, and the end of each month, Goldman Sachs will provide a report detailing the specific steps someone in your situation should take to improve their credit, and how they’re doing so far. Common steps to take are largely practical, and may include:

  1. Paying balances and fees on credit cards and other lines of credit.
  2. Making timely loan payments for any debt-based on assets (mortgage, auto loan, etc.).
  3. Resolving past-due balances on things like student loans, car loans, etc.
  4. Avoiding opening any new lines of credit.
  5. Avoiding foreclosures and other types of repossession.

Note that some debts, like medical debts, are excluded from the equations. You can opt-out of the program at any time while you are in it.

Reapplying for the Apple Card

At the end of the Path period, if all goes well, you will be invited to reapply for an Apple Card through the program. This invitation lasts for 14 days, during which you must apply before your Path consideration ends.

Note that being part of the Path program does appear to improve your chances of being approved specifically for an Apple Card, and if you wait for the two weeks to lapse you will be judged by more standard (and presumably harsher) criteria.

However, the
invitation to apply is not a guarantee. You can follow all the suggested
guidelines and still fail to be approved. This may happen if your monthly
income has decreased while in the program, or if you got a new credit card,

Comparison to Alternatives

How does Path
work as a general credit improvement program? Well, it’s very nice that you get
a personalized report each month with advice on what actions you should take
based on your financial profile. But Path only lasts up to four months, and
doesn’t have anywhere near the depth of a real credit and finance management

If you’re looking to really make a long-term difference in your finances and build up your credit score permanently, we suggest using Credit Karma, or possibly Mint’s acclaimed budgeting and credit app. These will be much more useful for making drastic changes. Of course, they won’t help you get an Apple Card directly, but indirectly they can improve your credit until you’re in a position to choose a new credit card that’s right for you.

Bottom Line

Path to Apple Card is not for those who are truly struggling with poor finances and bad credit – a nonprofit financial planner or a more in-depth credit management app is a better choice in those cases. But for people who just need a minor credit boost and some helpful advice on how to do it, Path can be a win-win: a way to improve your credit all around, while also finally qualifying for that Apple Card you want.

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Virginia Used Car Dealer Offers Local Drivers Reliable Pre-Owned Vehicles and Affordable Prices



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Used Cars Under $10,000 in Virginia

Karen Radley Volkswagen is offering local drivers a variety of used vehicles to choose from that are priced under $10,000, including capable SUV’s, versatile crossovers, fuel-efficient sedans and sporty coupes.

There are many ways for people to save money when shopping for the things they need and can’t live without. For many people, a vehicle that can offer them the reliability they need is incredibly important and something they require every day. Drivers in Virginia that are searching for affordable used cars under $10,000 now have a dealership they can turn to that will help them get behind the wheel of a reliable vehicle they can afford. Karen Radley Volkswagen is offering local drivers a variety of used vehicles to choose from that are priced under $10,000, including capable SUV’s, versatile crossovers, fuel-efficient sedans and sporty coupes.

With used car specials that offer affordable pricing and a large inventory of pre-owned vehicles that can be purchased for under $10,000, drivers will be able to find the vehicle they’ve always wanted to drive at a price that fits their budget. Karen Radley Volkswagen also helps make buying a reliable and budget-friendly used car easy by offering used car loans to drivers regardless of their credit score. Good or bad credit car loans are fast and easy to obtain and apply for when shopping at Karen Radley Volkswagen.

To learn more about how to get behind the wheel of an affordable used car in Virginia, or to view the current inventory of used cars under $10,000, drivers can visit the local dealership’s website by going to Questions can be directed towards the sales staff by calling 833-243-5895. Shoppers may also see all the used cars at Karen Radley Volkswagen by driving to 14700 Jefferson Davis Highway.

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Legislation to Combat Unfair Auto Insurance Rates Clears Committee



Legislation to Combat Unfair Auto Insurance Rates Clears Committee


Trenton – In response to high automobile insurance assessments, the Senate Commerce Committee passed legislation sponsored by Senators Nia Gill, M. Teresa Ruiz, Nilsa Cruz-Perez, and Nellie Pou, which would prohibit the use of education, occupation, homeownership status, marital status, or credit score in certain automobile insurance determinations.


“The use of factors such as employment status and credit score in calculating insurance premiums carries a severe economic consequence for working-class families. A person’s income or education has no bearing on driver safety or risk and only serves to reinforce existing inequalities,” said Senator Gill (D-Essex/Passaic). “The pandemic has given new importance to how we determine eligibility. Millions of New Jerseyans are experiencing economic hardship; this will inevitably impact their credit scores, occupation, and employment status. This bill is critical to ensure people are not subject to increased premiums based on metrics that have nothing to do with driving, and it will ensure drivers are not subject to increased premiums based on unforeseeable consequences of the pandemic.”


The bill, S-111, would prohibit automobile insurers from assigning an insured or prospective insured person to a rating tier based on educational level, credit score, marital status, homeownership status, or employment, trade, business, occupation or profession.


“Newark has some of the highest car insurance rates in the country. Under our current laws car insurance companies are preying on New Jersey’s most vulnerable, charging low income customers significantly more regardless of their driving history. Every sponsor has done tremendous legwork to bring an end to this harmful practice. I am proud to have been a driving force in the final push to move this important legislation and to ensure it included prohibiting the use of credit scores,” said Senator Ruiz (D-Essex). “Insurers should be basing their rates on the likelihood that someone will be in an accident, not his or her ability to pay for those damages out of pocket.”


“It is absurd that someone with a bad credit score pays more for car insurance than someone who has been convicted of a DUI,” said Senator Cruz-Perez (D-Camden/Gloucester). “We cannot allow insurers to continue basing rates on credit history or socioeconomic status rather than someone’s driving record.”


“We must stop penalizing people for being poor,” said Senator Pou (D-Bergen/Passaic). “This legislation will hold insurance companies accountable and help to ensure that our most vulnerable citizens are given fair pricing for policies that are a requirement to drive.”


The bill would take effect 90 days after enactment.

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Reasons You Can Be Denied for a Bad Credit Auto Loan



Everyone’s situation varies, but there are some circumstances that bad credit auto lenders simply don’t accept. To give you an idea of what to expect when you apply for a car loan, here’s what subprime lenders tend to require and what situations they don’t accept when determining your eligibility for auto financing.

Job Situations and Bad Credit Car Loans

First, it’s important to note that all lenders have different work, income, and even residency requirements. However, if you’re applying with a bad credit car lender, also known as a subprime lender, they tend to follow similar guidelines for who they’re willing to approve for auto financing.

When it comes to your work situation and what type of income you’re bringing in each month, there are some situations that subprime lenders simply don’t accept.

No Income at All

If you’re not bringing in any income from a job or any other type of assistance, expect to be turned down. Any car lender, bad credit or not, is going to need you to provide proof that you have a stable income.

Some subprime lenders can accept income such as alimony, permanent disability, pension, and even public assistance – if you can prove that you’re going to receive it for the entire duration of your auto loan term, that is.

To get into a car loan, you must have provable, consistent income that can support the auto loan the whole time you’re repaying it.

Sparse Work History

This requirement can vary, but borrowers who haven’t held down the same job for around six months to a year can often be turned down for a car loan. Auto lenders typically also require you to have consistent work history over the last three years.

Subprime lenders look for stability in your work history and employment. The longer you’ve held the same job in the same line of work, the higher your chances of getting approved for a car loan.

Brand-New Job

If you just started a job in a new field, then a subprime lender may be hesitant to approve you for financing. Subprime lenders prefer borrowers who’ve been at the same job for at least six months to a year.

However, if you recently switched employers but it’s in the same line of work, then they’re more likely to be understanding of that situation.

Living Situations and Bad Credit Auto Loans

Situations That Can Deny You a Bad Credit Car LoanAlong with having work and income requirements, subprime lenders also take a look at your residence history. While living situations can vary greatly, they are again looking for stability.

A stable borrower is one that is more likely to repay their auto loan. So, the longer you’ve been living in the same area, the higher your chances for an approval. However, just because you’ve lived in the same town for 20 years doesn’t always mean you meet the residency requirements.

Here are a few living situations that subprime lenders probably won’t accept:

You’re Not a Homeowner or a Renter

To meet residency requirements, most subprime lenders require that you’re a homeowner or a renter. If you’re a homeowner, you must prove your residency with a recent utility bill in your name, or maybe even a home title in your name if you don’t have any utilities in your name.

If you’re a renter, then your name must be on the lease. You should also expect to need a recent utility bill in your name to prove your residence. Some lenders may even require a copy of a lease agreement, a mortgage statement, or a copy of a house payment/rent check.

However, if you live with relatives or you live at an apartment where your name isn’t on the lease, then it could be more difficult to qualify for a car loan. Subprime lenders require that their borrowers have a permanent address, with documents that prove that you live there. If you don’t have any utilities in your name, or your name isn’t on a lease or mortgage statement, then you could run into trouble getting approved for auto financing.

You Don’t Have a Permanent Address

Some people live in RVs, or even hotels, to accommodate a nomadic lifestyle. While having the flexibility to move wherever you’d like at the drop of a hat suits many people, the sad news is that these unconventional ways of life aren’t likely to meet the requirements of a car lender. Since your address isn’t permanent, it can make a subprime lender hesitant to approve you for financing.

Other Requirements of Subprime Lenders

There could be many different reasons why a lender can deny you for an auto loan. To help you be best prepared, here’s a list of other common requirements of subprime lenders:

  • Must have a cell phone or landline phone in your name (no prepaid phones)
  • Have to make a down payment of at least $1,000 or 10% of the vehicle’s selling price
  • Bring a list of five to eight personal references with complete contact information
  • Must have a valid driver’s license with your current address

Subprime Lenders and Bad Credit Car Dealerships

If your credit is worse for wear, you’re likely to have a better chance of getting approved for a car loan if you apply with a subprime auto lender, since they consider more than just your poor credit score while they determine your eligibility for a car loan.

Where are subprime lenders? They’re signed up with special finance dealerships, and they are more prominent nowadays. Here at Auto Credit Express, we know what dealers are signed up with subprime lenders, and we can look for one in your area at no cost.

Fill out our free auto loan request form, and we’ll get right to work looking for a dealership near you with the bad credit lending resources you need.

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