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Put Your Good Credit to Use!

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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.

Looking to leverage your hard-earned good credit to get the best loan? Great news: there’s a wide variety of excellent loans for those with good credit.

When analyzing a lending platform, you’ll want to look at the most crucial factors. These include the lender’s minimum credit score to be eligible, loan terms and amounts, and of course, APR.

Loans can be used for a variety of important purchases, such as a new car, a home remodeling idea, to consolidate existing debt, or even more. Perhaps you want to take advantage of COVID-19’s silver lining, as some loans are seeing record low interest rates.

While it’s true that you should never take out a loan without heavy consideration beforehand, many loans intended for folks with good credit have lots to like and negligible drawbacks. Think of them as financial tools you can use to expand your buying power, enjoy life, or improve your credit even more.

Not sure where you stand on the FICO credit scale? Use the table below to see where you fit in.

What Exactly Does it Mean to Have “Good Credit”?

If you have “good credit”, you might be a little concerned. After all, there are two categories above “good credit” in the FICO credit scale.

When you have a good credit however, you can still find great loan opportunities. You’ll just have to find the right lending platform for you, which is why we’ve compiled the top lending platforms for those with good credit.

Top Lending Platforms for Good Credit


We’ve analyzed lending platforms based on fees, APR, loan terms, and more.

1. Lightstream
Best Overall
2. Marcus by Goldman Sachs
Best for Debt Consolidation
3. SoFi
Best for High-Income Borrowers
4. Payoff
Best for Paying Off Credit Card Debt
5. Discover
Best for Paying Off a Loan Early
6. Upgrade
Best for Small Loans
7. Best Egg
Best for Big Purchases

Best Loans for Good Credit

Not sure which loans to seek out? We’ve already found the best below; let’s dive in!

1. LightStream – Best Overall Good Credit Loan

Lightstream Logo Banner

Pros

  • No origination or late fees
  • There are cosigning options
  • Generally good rates and term ranges
  • Will beat most competitive APRs

Cons

  • No prequalification available
  • Most loans require several years of good credit history, not just good credit

LightStream has some of the best loans you can find if you already have good credit. As a division of SunTrust Bank, LightStream has lots of experience to call on, and it shows.

  • Minimum Credit Score: 660
  • APR: 3.49%-16.79%
  • Loan Range: $5000-$10,000
  • Term Range: 2-12 Years

For starters, they don’t have any fees on their loans, and they offer generous borrowing amounts between $5000 in $100,000. Even better, their term limits are pretty flexible, ranging between 2 years to 12 years depending on what works best for your unique needs.

Furthermore, LightStream provides something called the “Rate Beat” program. This is just an APR match program with an additional promise to beat that rate by up to 0.10% (within certain conditions, of course). Thus, you can use LightStream to get a fantastic APR if you find another lending service with a similar rate.

There are other reasons to consider them for your good credit loan. For instance, they provide cosigning options if you don’t have a lot of credit history or need to take out a loan for a student. They also don’t normally specify any income when you’re signing up for one of their loans.

However, they do typically require several years of credit history, in addition to good credit. They also don’t offer prequalification, so you’ll need to get somewhat into the loan sign-up process before you know the actual cost of your agreement.

Still, it’s a phenomenal service through and through. The lack of fees, great APR and term flexibility, and APR-match program all make LightStream one of the best choices on the market overall.

Marcus by Goldman Sachs Logo

Pros

  • Very flexible with payment options
  • Great for debt consolidation loans through direct payment to creditors
  • Provides some discounts with autopay
  • No additional fees

Cons

  • Funding might take a few days to arrive
  • No co signing option

Marcus personal loans from Goldman Sachs are great if you need a personal loan for debt consolidation, but their high amount limit makes them a good fit for just about any financial need. You’ll be able to take out a loan between $3500 and $40,000 if you have good credit.

  • Minimum Credit Score: 660
  • APR: 6.99%-28.99%
  • Loan Range: $3500-$40,000
  • Term Range: 3-6 years

They also provide flexible repayment terms between 3 to 6 years in most cases. There is a small downside in that it usually takes a few business days for you to receive your funding. So they’re not the best choice for emergency loans.

Still, there’s a lot to like here. They don’t have any origination or additional fees, nor do they levy prepayment penalties (so you aren’t charged more for paying down your debt aggressively).

Their customer service representatives are also pretty understanding if you need to change your payment options. Again, this makes them a great choice for debt consolidation or other loan needs if you have a tight but fluctuating budget.

However, if you can set up an automatic payment system with them to benefit from a slight rate discount that comes with most of their loan packages. This is fantastic if you want to pay down your loan as soon as possible. Marcus loans also usually come with an option to directly pay your creditors if you do decide to use this loan for debt consolidation.

There’s no co-signing option and you do need pretty good credit to qualify for the majority of their loan agreements. But if you already have a good score, the Marcus loan could be an excellent choice, particularly if you want to eliminate multiple debts at once.

3. SoFi – Best for High-Income Borrowers with Good Credit

Sofi Logo

Pros

  • Very good fixed and variable rates on average
  • Allow flexible payment options
  • Tons of member perks to benefit from
  • Can help you manage your financial accounts more skillfully

Cons

  • Can’t refinance your loans
  • Funding will take several business days to arrive

SoFi, an investment firm well-known for building one of the premier robo-advisors, showcases their value once again with their personal loan options. They provide loans for a wide variety of needs, offering amounts between $5000 and $100,000.

  • Minimum Credit Score: 680
  • APR: 5.99%-19.96%
  • Loan Range: $5000-$100,000
  • Term Range: 2-7 years

They also let you borrow with repayment terms between 2 and 7 years, plus APR rates potentially as low as 5.99%. Like with Marcus loans, there’s a small downside in that your funding will only arrive after a few business days.

However, SoFi provides a huge array of extra financial service offerings are benefits. For instance, professional development services, events for various members, networking and community opportunities, and even resume and interview help are available.

In this way, SoFi doesn’t just provide simple loan assistance. They can also help you become a better financial steward for your bank account or portfolio.

So they’re a great choice if you’re in a higher than average income bracket and will take advantage of these bonuses. You’ll be able to use this lending institution for just about any loan you can imagine, including mortgage loans, student loans, and more. 

They also offer their loans with fixed and variable rates and provide flexible payment options. However, you aren’t able to refinance your loan in case there’s a mishap or emergency.

Still, we’d recommend them if you’re comfortable with a relatively long-term debt arrangement and want to take advantage of everything they offer. If your average income is over $100,000 a year, they’ll likely be a great fit – especially since you can benefit from SoFi’s capable investment services.

4. Payoff – Best for Paying Off Credit Card Debt

payoff logo

Pros

  • Reasonably good loan amounts and repayment terms
  • Provides lots of financial security tools
  • Free score updates and check-ins with specialists
  • Also offers direct payment to creditors for debt consolidation

Cons

  • Not available in several states
  • Charges an origination fee

If you have credit card debt, a loan from Payoff might be the best choice you can make. That’s because they don’t only offer flexible loan arrangements, but they also provide a plethora of tools and support structures to help you make your payments on time and gradually increase your credit score by eliminating your debt.

  • Minimum Credit Score: 640
  • APR: 5.99%-24.99%
  • Loan Range: $5000-$35,000
  • Term Range: 2-5 years

For instance, Payoff will provide you with free FICO score updates every once in a while, plus a quarterly check-in with one of their dedicated “member experience” specialists. This gives you a little bit of accountability when it comes to using your loan correctly, and you can ask them for advice to better work down your debt in the most efficient way possible.

Even better, you’ll get a suite of cash flow assessment tools, plus job loss protection for your loan. Thus, it’s a great choice if you aren’t sure about your employment stability in the short term future.

They do have relatively strict requirements if you want one of their loans, like a credit score of 640 or higher and a decent debt to income ratio. They provide loans between $5000 and $35,000 and repayment terms between 2 and 5 years. The other big downside is that they aren’t available in several continental states, including Massachusetts, Mississippi, Nebraska, Nevada, Ohio, and West Virginia. 

But overall, they’re a great choice for paying down credit card debt, and not only because of what they offer in pure loan options. The tools they provide can be used to make sure that your debt repayment efforts result in lasting financial security. 

5. Discover – Best for Paying Off the Loan Early

Discover Logo

Pros

  • No prepayment or origination fees
  • Good loan payment terms
  • Comes with a free credit check tool
  • Will pay creditors directly for debt consolidation

Cons

  • Does charge a $39 late fee in most cases
  • No refinancing options

Discover makes it easy for you to repay your personal loans and makes it easy to get your funding on time. In fact, same-day funding is often included because they frequently make same-day decisions after a possible borrower applies.

  • Minimum Credit Score: 660
  • APR: 6.99%-24.99%
  • Loan Range: $2500-$35,000
  • Term Range: 3-7 years

Discover doesn’t charge any origination or prepayment fees, either, making it easy for you to aggressively pay down your debt and lower your overall loan. They do charge a late fee, though. You’ll be able to borrow between $2500 and $35,000 for between 3 and 7 years.

Discover also provides the option to pay your creditors directly if you want to improve your credit score as promptly as possible. Furthermore, all users will benefit from a Free Credit Scorecard tool, which includes up-to-date FICO scores and information about any changes or inquiries to your credit report. It’s a great tool to help you keep track of things as you improve your credit.

We like that they offer a plethora of flexible payment options to help folks that may need to change their payment amounts as time goes on. Since you can prepay without a fee, you can easily start with a lower payment amount every month and work up to a higher amount as your finances become more stable.

Still, you can’t refinance your loan entirely and you do need a relatively high credit score of 660. But overall, they’re a great choice if you are committed to improving your credit score and paying down your debt ASAP.

6. Upgrade – Best for Low-Amount Good Credit Loans

Upgrade Logo

Pros

  • Can typically get you your funding quickly
  • Loan amount goes as low as $1000
  • Has job loss protection
  • Offers cosigning options

Cons

  • Do have origination and late fees
  • No direct repayment to creditors for debt consolidation

Upgrade is a flexible credit lending institution, as they typically accept a wide range of incomes and credit scores. This being said, the lower end of their APR range is 7.99%: a little higher than what the other lending institutions we’ve looked at so far offer.

  • Minimum Credit Score: 640
  • APR: 7.99%-35.97%
  • Loan Range: $1000-$35,000
  • Term Range: 3-5 years

Still, they have a decent loan amount range between as low as $1000 up to $50,000. This can make them a great choice if you only need a small bundle of cash for a short timeframe. You can borrow for terms between 3 years and 5 years, and they’ll potentially help your loan with a low APR by using your cash flow as a worthiness metric instead of your credit score.

Upgrade does allow cosigners depending on credit score requirements between both parties, so students might be able to take advantage of their services. They do charge an origination fee and late fees, unfortunately.

But they additionally offer hardship plans to protect you in the event that you lose your job. This will qualify you for a temporary reduction in your monthly payment or a loan modification for the rest of the loan’s term.

Furthermore, Upgrade is valuable since they typically get you your funding within a day of your application being accepted. So they’re a good choice if you need fast cash with reasonable terms.

7. Best Egg – Best for Big Purchases

Best Egg Logo

Pros

  • Typically very quick loan availability
  • Can prequalify you with a soft credit check
  • You can change your payment date
  • No prepayment penalties

Cons

  • Do charge origination and late fees
  • Higher than average income qualifications

If you already have good credit, you might consider Best Egg, which offers APRs between 5.99% and 29.99%. They let you borrow between $2000 and $35,000 in most cases, although borrowers with really good credit can go up to $50,000. Repayment terms are typically between 3 and 5 years, and you should get your funding relatively quickly: in some cases, it’s less than a single business day.

  • Minimum Credit Score: 640
  • APR: 5.99%-29.99%
  • Loan Range: $2000-$35,000
  • Term Range: 3-5 years

However, you’ll need a minimum credit score of 640 and a high annual income of $100,000. If you do qualify, you’ll potentially benefit from prequalification and a soft credit check that doesn’t stand a risk of harming your credit score.

Their loans come with additional advantages, like the option to change your payment date depending on what works best for you. Even better, there aren’t any prepayment penalties if you want to pay off your loans early and aggressively.

This being said, they do have several fees, like an origination fee that ranges between 1% to 5.99%. They also charge late fees and return fees if payments aren’t processed because of some digital hiccup. 

All in all, though, they’re a great pick if you already have a high income and good credit history. We’d recommend them if you want a loan for a sizable purchase, like house remodeling or a new car, and feel confident in your ability to pay off the debt sooner than the term limit. 

A Buying Guide for Finding a Loan for Good Credit

What’s a “Good Credit” Loan, Specifically?

As the name suggests, a good credit loan is a type of personal loan usually only reserved for those with good credit. If you struggle to maintain good credit, you may want to leverage a credit repair company to help your credit score.

Personal loans are typically unsecured. Unsecured loans like these don’t have any additional collateral to back up the debt, like a house or a car. So lenders will use other factors to determine your interest rate and other aspects of a loan, like your credit history, income levels, and debt at the time of loan application. All this gives them an idea about your likelihood to repay a loan.

Good credit loans normally require credit scores at certain thresholds (usually around the 670 zone). This is quite different from bad credit loans which — despite guaranteed approval in some cases — either have very low or no credit limits.

If you already have good credit, it’s easier to get a favorable unsecured personal loan. This translates to lower interest rates, better terms, more options, and so on.

You can also usually get good credit personal loans from a wider variety of financial institutions like banks or credit unions. Those with lower credit have fewer options and loans with worse terms.

What Rates Can You Expect for Good Credit Loans?

In general, good credit loans have better rates, or annual percentage rates (APRs). In a nutshell, this means that you’ll pay less interest over the lifespan of the loan.

The APR for a given good credit loan will, of course, vary by institution. But in general, you can expect a good APR between 6% and 18% from most institutions.

What Kind of Loan Can You Get with a Credit Score of 700?

A “good” credit score is usually defined as between 670 and 740, so 700 is right in a comfortable spot. It’s not “excellent” but should still allow you to get favorable loans with low interest rates and manageable terms.

If you have good credit but you’re worried about maintaining your credit score, you may want to consider a credit monitoring service to help you out. Top-notch credit monitoring services will protect you from identity theft, cyber attacks, and can shield other family members as well.

How You Should Choose a Good Credit Personal Loan

When looking for an ideal good credit personal loan, consider the following factors to narrow down your choices, and to get an agreement that benefits your needs.

Compare Rates

Firstly, be sure to compare the APRs for every good credit personal loan you consider taking out. Although the general range mentioned before (6% to 18%) will hold for the majority of cases, some institutions might have better deals based on your credit history or other factors.

You’ll almost always want a lower APR, with the exception of loans that don’t work for your monthly payment limit. For instance, it might be worthwhile to go with a higher APR if it results in a more affordable monthly payment.

Is APR your most important factor? See our report of the top low interest personal loans.

Determine the Loan’s Purpose

Consider what the overall purpose of the loan, as this dictates the interest rate and other features that might come with the loan agreement. As an example, some loans are specifically designed to help people pay off high-interest credit cards. So they may come with additional factors, like allowing you to make higher-than-agreed monthly payments to make paying off your credit cards easier.

Others might be for more standard things, like buying a car. These might have favorable interest rates or be accessible to younger people with good credit but not a lot of credit history.

What Features Does the Loan Have?

Spend some time looking at any additional features a loan might have. For instance, some lenders provide loans that can be tracked using a proprietary mobile app. Others might have flexible payment schedules or let you defer payments if you run into unexpected financial hardship.

Can You Get Pre-Qualified?

It may be worthwhile to go with a lender that pre-qualifies you for one of their loans. Prequalifying means that a lender trusts that you’ll pay back a loan on time without doing a deep dive into your finances or credit history.

This is advantageous since you’ll know how much the loan will cost before you sign on the dotted line, allowing you to budget ahead of time. It’s also helpful since it usually doesn’t involve a “hard” credit check, which can affect your credit score.

Any Additional Benefits?

Lastly, consider any additional benefits a loan might come with, like financial education resources or free credit score monitoring.

How Much Do Good Credit Personal Loans Cost?

The overall “cost” for a personal loan involves both the APR (which determines how much interest you’ll pay over the loan’s lifespan) and the monthly payment you’ll have to adhere to. In addition, you’ll have to figure the total term length for the loan into your calculations.

So in short, combine:

  • The loan’s term limit, or how many payments you need to make to pay off the debt
  • The APR, which determines your interest (i.e. any extra money you’ll pay on top of the agreed loan amount)
  • The payment amount each month

Note that your overall cost can be lowered by aggressively paying off loans as soon as you are able. Paying more than the monthly amount eventually results in you paying less interest overall.

Also, longer terms usually accompany lower monthly payments but with more interest in exchange. The reverse is also true; short-term loans with low interest rates are usually accompanied by higher monthly payments.

For Instance, How Much Is a 100k Loan Per Month?

Let’s do a bit of example math to demonstrate these principles. 

Say that you have a $100,000 loan you plan to pay it off in ten years. The APR for this hypothetical good credit loan is a very reasonable 14%.

So you start off with $100,000 that you’ll need to pay back: this is the starting amount of the loan.

Then consider adding 14% for every year. Eventually, this adds up to a grand total of $186,319.72 by the time the loan is paid off in a decade.

This also translates to a monthly payment of $1552.66.

Is it a good deal? That’s up to you to decide. It depends on your budget, what you’re taking the $100,000 out for, and whether your loan agreement allows you to aggressively pay the debt down if you come into more money ahead of schedule.

Why Get a Personal Loan?

There are plenty of reasons why someone might seek out a personal loan, and especially along with good credit.

For instance, people with lots of debt often employ debt consolidation strategies. This allows them to combine all of their debts into a single personal loan and repay that loan over time.

The advantage of this strategy is that it’s easier to handle multiple lines of debt consolidated into one monthly payment than it is to juggle a dozen different bills. This method can legitimately save money through lower interest rates, but will require using one of the best debt consolidation lenders to be worth it.

Other people might be interested in good credit personal loans to handle unexpected but emergency expenses. For instance, hospital bills or the cost to repair your car after it was totaled in an accident might be more than your savings account can handle. Taking out a personal loan will allow you to stay afloat and handle the debt in a more manageable timeframe.

Or you might be interested in home renovations. Remaking or remodeling your home can cost quite a bundle, so a personal loan with good credit will let you continue saving while still enjoying your home’s new interior or porch without going bankrupt.

Is It Smart to Get a Loan to Pay Off Debt?

In general, people who use personal loans (like the aforementioned debt consolidation loans) to pay off debt have only a few options. In some cases, people who are in a lot of debt have bad debt repayment strategies or don’t handle money very well. This may result in them having to take out an unending chain of new loans to cover previous debts, spiraling further and further into financial insecurity.

However, taking out a personal loan can be smart to pay off your debt if you stick with the loan’s payment agreement. Obviously, this is easier for some loans than it is for others. But using personal loans to pay off debt can be helpful if they take the immediate pressure of debt repayment off your shoulders and allow you to set up a better payment schedule or timeframe.

Summary

In the end, the best loan for good credit will depend highly on your personal needs, repayment schedule, and monthly budget. There’s a plethora of loans for a variety of income levels and needs. Study each loan carefully and consider what we said above about how to choose an ideal loan for your financial situation.

Have you tried out any of these loans yourself? Let us know and let’s discuss.

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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Are Sallie Mae Student Loans Federal or Private?

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When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which time it has provided both federal and private student loans.

However, as of 2014, all of Sallie Mae’s student loans are private, and its federal loans have been sold to another servicer. Here’s what to know if you have a Sallie Mae loan or are considering taking one out.

What is Sallie Mae?

Sallie Mae is a company that currently offers private student loans. But it has taken a few forms over the years.

In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. Congress gave SLMA, commonly called “Sallie Mae,” the status of a government-sponsored enterprise (GSE) to support the company in its mission to provide stability and liquidity to the student loan market as a warehouse for student loans.

However, in 2004, the structure and purpose of the company began to change. SLMA dissolved in late December of that year, and the SLM Corporation, or “Sallie Mae,” was formed in its place as a fully private-sector company without GSE status.

In 2014, the company underwent another big adjustment when Sallie Mae split to form Navient and Sallie Mae. Navient is a federal student loan servicer that manages existing student loan accounts. Meanwhile, Sallie Mae continues to offer private student loans and other financial products to consumers. If you took out a student loan with Sallie Mae prior to 2014, there’s a chance that it was a federal student loan under the now-defunct Federal Family Education Loan Program (FFELP).

At present, Sallie Mae owns 1.4 percent of student loans in the United States. In addition to private student loans, the bank also offers credit cards, personal loans and savings accounts to its customers, many of whom are college students.

What is the difference between private and federal student loans?

When you’re seeking financing to pay for college, you’ll have a big choice to make: federal versus private student loans. Both types of loans offer some benefits and drawbacks.

Federal student loans are educational loans that come from the U.S. government. Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers.

With federal student loans, you typically do not need a co-signer or even a credit check. The loans also come with numerous benefits, such as the ability to adjust your repayment plan based on your income. You may also be able to pause payments with a forbearance or deferment and perhaps even qualify for some level of student loan forgiveness.

On the negative side, most federal student loans feature borrowing limits, so you might need to find supplemental funding or scholarships if your educational costs exceed federal loan maximums.

Private student loans are educational loans you can access from private lenders, such as banks, credit unions and online lenders. On the plus side, private student loans often feature higher loan amounts than you can access through federal funding. And if you or your co-signer has excellent credit, you may be able to secure a competitive interest rate as well.

As for drawbacks, private student loans don’t offer the valuable benefits that federal student borrowers can enjoy. You may also face higher interest rates or have a harder time qualifying for financing if you have bad credit.

Are Sallie Mae loans better than federal student loans?

In general, federal loans are the best first choice for student borrowers. Federal student loans offer numerous benefits that private loans do not. You’ll generally want to complete the Free Application for Federal Student Aid (FAFSA) and review federal funding options before applying for any type of private student loan — Sallie Mae loans included.

However, private student loans, like those offered by Sallie Mae, do have their place. In some cases, federal student aid, grants, scholarships, work-study programs and savings might not be enough to cover educational expenses. In these situations, private student loans may provide you with another way to pay for college.

If you do need to take out private student loans, Sallie Mae is a lender worth considering. It offers loans for a variety of needs, including undergrad, MBA school, medical school, dental school and law school. Its loans also feature 100 percent coverage, so you can find funding for all of your certified school expenses.

With that said, it’s always best to compare a few lenders before committing. All lenders evaluate income and credit score differently, so it’s possible that another lender could give you lower interest rates or more favorable terms.

The bottom line

Sallie Mae may be a good choice if you’re in the market for private student loans and other financial products. Just be sure to do your research upfront, as you should before you take out any form of financing. Comparing multiple offers always gives you the best chance of saving money.

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Tips to do some fall cleaning on your finances

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Wealth manager, Harry Abrahamsen, has five simple ways to stay on top of the big financial picture.

PORTLAND, Maine — Keeping track of our financial stability is something we can all do, whether we have IRAs or 401ks or just a checking account. Harry J. Abrahamsen is the Founder of Abrahamsen Financial Group. He works with clients to create and grow their own wealth. Abrahamsen shares five financial tips, starting with knowing what you have. 

1. Analyze Your Finances Quarterly or Biannually

You want to make sure that your long-term strategy is congruent with your short-term strategy. If the short-term is not working out, you may need to adjust what you are doing to make sure your outcome produces the desired results you are looking to accomplish. It is just like setting sail on a voyage across the Atlantic Ocean. You know where you want to go and plot your course, but there are many factors that need to be considered to actually get you across and across safely. Your finances behave the exact same way. Check your current situation and make sure you are taking into consideration all of the various wealth-eroding factors that can take you completely off course.

With interest rates very low, now might be a good time to consider refinancing student loans or mortgages, or consolidating credit card debt. However, do so only if you need to or if you can create a positive cash flow. To ensure that you are saving the most by doing so, you must look at current payments, excluding taxes and insurance costs. This way you can do an apples-to-apples comparison.

The most important things to look for when reviewing your credit report is accuracy. Make sure the reporting agencies are reporting things actuary. If it doesn’t appear to be reporting correct and accurate information, you should consult with a reputable credit repair company to help you fix the incorrect information.

4. Savings and Retirement Accounts

The most important thing to consider when reviewing your savings and retirement accounts is to make sure the strategies match your short-term and long-term investment objectives. All too often people end up making decisions one at a time, at different times in their lives, with different people, under different circumstances. Having a sound strategy in place will allow you to view your finances with a macro-economic lens vs a micro-economic view. Stay the course and adjust accordingly from a risk and tax standpoint.

RELATED: Financial lessons learned through the pandemic

A great tip for lowering utility bills or car insurance premiums: Simply ask! There may be things you are not aware of that could save you hundreds of dollars every month. You just need to call all of the companies that you do business with to find out about cost-cutting strategies. 

RELATED: Overcome your fear of finances

To learn more about Abrahamsen Financial, click here

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How to Get a Loan Even with Bad Credit

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Sana pwedeng mabura ang bad credit history as quickly and easily as paying off your utility bills, ‘no? Unfortunately, it takes time. And bago mo pa maayos ang bad credit mo, more often than not, kailangan mo na namang mag-avail ng panibagong loan. 

Good thing you can still get a loan even with bad credit, kahit na medyo limited ang options. How do you get a loan if you have bad credit? Alamin sa short guide na ito. 

For more finance tips, visit Moneymax.

 

 

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