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This Financial Checklist For Moving In With Your Partner Will Tell You If You’re Ready



In a perfect world, talking about finances before moving in with your partner would be as easy as creating a quick rent and grocery budget, and calling it a day. But in reality, there’s a (relatively) long checklist of important topics to discuss and agree on, before you officially sign a lease together.

Even if you’ve been dating for a while, and are hanging out in the same apartment seemingly 24/7, renting — and spending money as a couple — is an entirely different vibe. Because your finances will overlap in a brand new way, “it’s important to talk about any debt you have, your spending styles and if they match, and [all other major financial obligations],” Kimberly Palmer, a personal finance expert at NerdWallet, tells Bustle.

The trouble is, it’s often really awkward to talk about money, since it means being honest about some pretty personal things. So make sure you go about it deliberately. “Set aside an hour to chat when each person is prepared for the conversation,” Palmer says. That way, neither of you will be blind-sided by a heavy discussion about student loans or credit card debt. Scheduling ahead of time will also make it possible to come up with a few questions of your own, that you need to have answered before taking this next step.

To get you started, here’s a financial checklist to go over before moving in with your partner, that experts say will help ensure you’re on the same page.

It’s obvious that you’ll have to pay bills — internet, electricity, etc., so you can continue watching Netflix together — but you shouldn’t wait until you’re holding the actual bill in your hand to decide who pays for what.

“Some couples are fine with allocating certain bills to each partner, but others prefer to divide everything evenly,” Matt Frankel, CFP, a personal finance expert with The Ascent, tells Bustle. “For example, you might say, ‘I’ll pay the electricity if you pay the water,’ or you might split each bill down the middle.”

Come up with a game plan before moving in together, and it’ll be a far less annoying chore going forward.

You might think it has to be 50/50, but “some couples allocate rent unevenly based on how much each partner makes,” Frankel says. “Others have an arrangement where one person pays the rent and the other pays for all of the other bills.”

For example, you might go 70/30 on rent for a while if one of you is a student, and the other has a full-time job. Or if you already have a high paying career, you might agree to pay rent for six months, while your partner gets theirs off the ground.

Figure out what works best, and let that be the “rent rule” until your financial situations change, at which point you can talk about doing things differently.

What’s Your Credit Score?

It might be tough to rent an apartment if one of both of you has bad credit. But did you know your credit score can affect other aspects of life together, even if you’re able to sign a lease?

“Credit is an often-overlooked financial consideration,” Frankel says. “You’ll eventually need to rely on credit — whether it’s to set up your utilities, get renter’s insurance, or finance something like furniture.”

If you realize credit is going to be an issue, chat about ways to raise your scores before moving in together.

Do We Want A Joint Bank Account?

Even though you’ll be living together, and sharing pretty much everything, many experts agree it’s smart to maintain your own bank accounts — because you never really know what might happen in the future.

That said, it may not be a bad idea to contribute money to a brand new shared account. As Frankel says, “A joint bank account can help keep track of your housing expenses. It can also be easier than one person giving the other money every time bills are due.”

Because yes, Venmo is great. But you also don’t need to be transferring the same forty dollars back and forth, until the end of time.

What Will We Do If One Of Us Loses Our Job?

Life is pretty unpredictable right now, so might also want to discuss what would happen if you or your partner lost a job, or for some reason were unable to pay the bills.

“This isn’t an easy discussion, but it’s more comfortable to talk about it in advance,” Frankel says. “That way you can make a backup plan before you move in.”

Doing so can also help prevent vicious arguments that might arise, should you find yourselves in this stressful situation.

Should We Start An Emergency Fund?

One way to feel more stable and secure is to add cash to an emergency fund — perhaps before you even move in together.

“Both partners might agree to contribute one month’s worth of living expenses to a bank account,” Frankel says. “You can use that fund in the event that one (or both) of you are short on their monthly bills.”

Of course, it isn’t always easy to set money aside, but you can still discuss how you’d like to make it a goal for the future, for the peace of mind.

Student loans, credit card debt… it isn’t fun to talk about these things, but it’s essential to have the discussion before moving in together, Brittney Castro, CFP, a financial expert with Mint, tells Bustle.

Debt can be a heavy burden, Castro says, and one that impacts how you spend, how you save, and even how anxious you feel on a day-to-day basis. Knowing more about what you both owe will create a deeper sense of understanding.

Are You Good At Budgeting?

Some people tuck money away for a rainy day, while others go bananas the second they get their paycheck. And while there might not be a right or wrong here, knowing where your partner falls on this spectrum is key.

“Sometimes there can be tension when a planner/budgeter partners with someone who is more care-free about spending,” Ben Birken, CFP, a finance advisor with Woodward Financial Advisors, tells Bustle. And vice versa.

You might not realize it now, before you’ve moved in together, but mismatched attitudes towards spending can certainly create resentment down the road.

What Will Need To Change Once We Move In Together?

Speaking of going (or not going) bananas, take the time to “conduct a realistic audit of your financial habits and spending patterns,” Colleen McCreary, the Chief People Officer and financial advocate at Credit Karma, tells Bustle.

If you decide to reel yourselves in, and maybe start that emergency fund, see “if there are any recurring expenses you can cut down on in order to boost your savings or pay off any debts,” she says.

Do you order take-out every night? Or spend a ton of money on TV subscriptions? “Ask yourselves if it’s worth the spend,” McCreary says, and figure out what’s most important for your lives as a couple.

Did You Discuss Money Growing Up?

Without even realizing it, we all have a relationship with money that stems from our experience with it growing up. That includes what we think money is and how we think it works, Amanda Clayman, a financial therapist and Financial Wellness Advocate at Prudential, tells Bustle.

So go ahead and open up about your family’s history. “Digging into your past will help you better understand your present,” Clayman says, “as you begin teaming up on financial responsibilities.”

Can We Check In Every Month?

Sitting down to talk about money before moving in together is helpful, but it won’t cut it long-term. You’ll need to keep communicating about your finances even after you successfully rent a place, set up utilities, and pay your first couple of bills.

Agree right now that you’ll keep the convo going, perhaps by scheduling a time to talk every month. “These check-ins are opportunities to see as a couple how you are meeting your financial goals,” Alejandra Matos, a licensed psychotherapist and coach, tells Bustle.

If something doesn’t feel right, or you’ve been disagreeing, this will be the perfect time to switch up the rules, so you can both feel more comfortable going forward.

Talking about money isn’t always fun or easy, but if you want to prevent problems from cropping up in the future, go down this checklist and talk about debts, budgets, and financial goals, before making a move.


Kimberly Palmer, personal finance expert

Matt Frankel, CFP, personal finance expert

Brittney Castro, CFP, financial expert

Ben Birken, CFP, finance advisor

Colleen McCreary, chief people officer and financial advocate

Amanda Clayman, financial therapist

Alejandra Matos, licensed psychotherapist and coach

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Credit 9 Gets Bad Review For Debt Consolidation Loans



Have You Received A Loan Offer In The Mail From Credit 9?

If you have been thinking about it and you just received a “too good to be true” loan offer in the mail from Credit 9, Tripoint Lending, Simple Path Financial, or SPF Saves or – listen to your gut instinct. Do you really think you qualify for a 3% interest rate? Do you really think that reservation code is especially for you? Check Crixeo and find out the truth.

Is Credit 9 A Scam?

Credit9 is affiliated with Americor Funding, a debt resolution company.

It appears that Credit 9 is operating a typical bait and switch scheme. They lure you in by sending you direct mail with a “personalized reservation code” and a low 4%-5% interest rate to consolidate your high-interest credit card debt.

Credit9 doesn’t tell you that you need excellent credit to qualify for a loan with that low-interest rate (which you have been supposedly preapproved for).

While the Credit 9 Nine mailer offers incredibly low rates, the licensing information on their site discloses that “typical” rates for most states they include in their disclosure are 18-24% APR.

Interestingly, while having sample rates for the State of Pennsylvania, the Credit 9 website also discloses that “These products/services are not offered to Pennsylvania residents.”

When it comes to debt-consolidation loans, you’ll find varying interest rates that may be different from one lender to another.

Debt consolidation programs cover several types of loans, including home equity loans, personal loans, and balance transfer credit. The main reason for taking out a personal loan is the consolidation of existing debt. Interest rates may vary, but they are less expensive, convenient, and easier to manage than other types of debts – such as medical bills and credit cards.

The average interest rate depends on the type of personal loan you’re applying for, your credit score, and other factors. In most cases, the better your credit, a better credit will get you approved for a more affordable interest rate.

Factors That Influence Debt Consolidation Loan

Lending Tree also reported that the annual percentage rate (APR) for a personal loan was also heavily influenced by the credit score of the borrower.

For a credit score of 720 or higher, the APR was 7.63% at its lowest. And for a credit score of 560 or lower, the APR was a whopping 113.62% at its highest.

This means that personal loans favor buyers with strong credits, while borrowers with a bad credit face extremely high interest rates. It is worth shopping around, no matter how bad your credit score.

Doing research will give you an idea about the rates available to you from different lenders and your options. It is worth noting that each application could trigger a hard pull on your credit report, which will hurt your credit score for a few months. This is why it is better to submit multiple applications in quick succession so that your credit score only goes through a single hard inquiry throughout your shopping period.

What is the Average Loan Legnth for Debt Consolidation?

The average loan length varies, but most borrowers are able to secure a repayment term of between 2 to 5 years. While it is within the realm of possibility to negotiate a higher repayment term, it will come at the cost of a higher interest rate. Not to mention the fact that you’ll be paying the interest rate for longer. Lenders do this to offset the risk of default on their loans.

Factors That Affect the Average Debt-Consolidation Loan Rate

The actual loan rate depends on the type of solution you’re looking for. For instance, home equity loans have the lowest average interest rates This is because it’s a secured loan, meaning your home becomes collateral, and you can secure a lower rate that is more feasible for you. The average home equity loan for a 15 year term at fixed rates is well within the range of 3% to 9%.

By contrast, unsecured personal debt accrues some of the highest interest rates. They are unsecured, which means there’s no collateral for lenders to recoup their investments should the borrower default. These are known as personal loans and they often come with an average loan rate of about 11.91%.

Other than the type of product you’re looking for, there are few other factors to consider.

Credit Scores

As a general rule, a strong credit score can help you secure lower interest rates. But if your credit report shows a history of late or missed payments, you should try to improve your credit before applying for debt-consolidation loan.

The Lender

You’ll find debt-consolidation loans at credit unions, online lenders, and traditional banks – among others. Every lender will charge a different rate. You’ll get lower APRs at credit unions compared to traditional banks. Some online lenders offer loans to individuals with low credit scores. But their interest rates are often extremely bloated – often hovering within the ranges of 6% to over 30%.

Debt to Income Ratio

The Debt-to-Income ratio is the ratio of your debt owed each month to your earnings. Lenders often equate high DTIs as a high risk. A high DTI, usually above 40% will make it difficult to secure a lower interest rate.

Loan term

The loan term is the period over which you repay your loan. A shorter-term loan offers lower interest rates and reduces your overall cost. Longer loan terms come with high APRs and a higher cost, but they usually translate to lower monthly payments.

Fixed vs. Variable PR

A fixed interest rate might mean a higher interest rate, but it will likely remain the same during the length of your term. Variable interest rates often start lower but increase over time based on market changes.

The Bottom Line

Now that you know more about debt-consolidation loans, you can strategize the best financial outcome for your situation.

Finding a good interest rate requires two basic elements:

  1. The loan you receive should have a lower interest rate than your existing debt
  2. You should change your spending habits to get out of debt without paying.

Despite the glaring issues (for individuals with lower credit scores), consolidation loans can be extremely useful with the right tools. Provided you’re astute with your finances, you should be able to clear out your other debts with relative ease. It’s always prudent to do your research when it comes to any major financial decision, and this holds true for debt consolidation.

As always, make sure to read the terms and conditions to learn as many details about the loan as possible – otherwise it could end up being something like a natural disaster.

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No Credit Check Loans in Canada: Is This Loan Option Legit? – Blog



Sometimes, you’ll find yourself in life being strapped for cash while there are bills that you need to pay. In this unfortunate circumstance, one of your options is to borrow money. Even for a small sum of cash, you can obtain a loan to tide you over until you have enough money to repay it and get back to normal.

Among the small loans that you can get today are payday loans. The good thing about this loan type is that you can obtain the money fast, and you can avail of it even if you don’t have a stellar credit score. If you want to get this loan, you can apply for no credit check loans in canada on PersonalMoneyNetwork’s website.

But is the “guaranteed” marketing legit? And how does guaranteed payday loans work? Let’s find out in this blog post.

How Does This Loan Option Work?

Lenders that provide guaranteed payday loans conduct non-traditional credit checks on borrowers. They don’t care as much of your credit history as your ability to repay the loan. So, instead of checking your credit score, these online lenders look at your source of income as the primary requirement for you to get approved.

However, the word “guaranteed” is not entirely true. Let’s just say it’s almost guaranteed. As long as the lender sees that you’re capable of paying what you owe, you’ll get immediate approval of your loan application.

The application process for this loan is straightforward because it’s online. Just send your credentials to the lender, and the latter will review it whether you’re qualified. Once the lender approves your application, you can get the money quickly. Your lender will transfer the funds to your bank account or send you a check just within the day of your application or the next day.

Keep in mind that online payday loans are short-term money loans. The word “payday” in its name means that you have to repay what you owe on your salary payment date, which usually comes every two weeks or one month.

It’s essential to manage your repayment when taking out a payday loan because the interest rate can be pretty high. Some borrowers of this loan are stuck in a debt cycle because they fail to create a budget plan for repayments.

Features You Need to Consider

For you to find a lender that offers the best deal for your financial situation, you should take note of these features.

  • Loan amount. Payday loans are regulated by the state where you live. For instance, there’s a limit on how much money you’re able to borrow. It’s advised to go for a lender that allows borrowers to take out the maximum limit, especially if you want to borrow a higher sum of cash.
  • Repayment period. Besides the amount of the loan, the loan terms of payday loans are also state-regulated. You better understand the state regulations on payday loan terms before you apply for one. Typically, payday loans have a repayment period of two weeks or one month.
  • Time of access to funds. Online lenders differ when it comes to processing loan applications and providing the funds that borrowers need. If you want to use the loan for an emergency, make sure to go to a lender that provides you access to the funds just within the day of your application.

Benefits of Online Payday Loans

Choosing an online payday loan can help you survive a short-term financial problem. Here are some of the pros of this loan option.

  • No hassle to apply for this loan. You won’t have any problem applying for a payday loan because the application is online. Just visit the website of the lender and submit your loan application there.
  • You can use the loan for whatever purpose. Payday loans are good for any kind of purchase. You can use the funds to pay for a car repair, cover travel expenses, pay bills, etc.
  • People with bad credit can avail of this loan. Since there’s no hard credit inquiry for payday loans, borrowers with poor credit scores can still get approved for this loan. The most important requirement is to have a regular income to receive approval.
  • Regulated by the state. State governments have put regulations to prevent lenders from charging exorbitant fees and interest rates.

Drawbacks of This Type of Loan

After learning the advantages of taking out this loan option, let’s now discuss the drawbacks of online payday loans.

  • Expensive interest and fees. If you compare payday loans to traditional loans, the former charges higher fees and interest rates. Lenders want to have a buffer against providing loans to high-risk borrowers. That’s why payday loans are more expensive than traditional loans.
  • Predatory lenders and scammers. Online lenders are not easy to trust because some don’t follow regulations, and they put their borrowers into a debt trap. So, you must be extra careful looking for one.


Online payday loans are the go-to money loan if you need a small sum of cash for the short term. Learn the features of the loan, its advantages, and disadvantages before taking out one. You can review this blog post if you want to learn more about it.

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Local Toyota Dealership Offers Financing to Those with Poor Credit



Drivers with Bad Credit or No Credit May Still Finance at Gale Toyota.

ENFIELD, Conn. (PRWEB) October 30, 2020

Drivers in the Enfield area who are having a hard time with credit or who are just getting started with their credit history may still be able to find financing for a new car, as Gale Toyota offers financing to customers with poor credit.

While Gale Toyota might be best known for its selection of new Toyota models and a variety of pre-owned vehicles, the dealership also has a dedicated subprime financing department ready to work with customers who might not be able to receive financing at a different auto dealership. Whether the credit problem is due to bankruptcies, foreclosure, late payments, repossessions, collections, tax liens or any other financial calamity, Gale Toyota offers to work on a financial plan that will work for the customer.

For those who are setting out into the credit world for the first time or who have struggled with credit in recent days, this kind of loan is one that can help get them back in good credit graces once more, as long as they stick to the schedule and terms outlined in the agreement. This is particularly beneficial for drivers in need of a new set of wheels who might not be accepted for financial terms at dealerships elsewhere.

Gale Toyota crafts subprime loans that are unique to the individual’s needs so they can have a payment plan that will work well for them. Each loan is designed to be within each customer’s budget to help ensure successful completion of the loan and payment. The representatives from the dealership will take customers through the entire process and help ensure they’re getting the right loan and the right car.

Interested parties who wish to receive more information about the ins and outs of the subprime financing are encouraged to visit or call 860-269-3608.

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