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How to Get a Loan When You Have Bad Credit



Do you have bad credit? Do you need a loan? Trying to convince a lender to let you borrow money could be very difficult.

Almost all lenders will check an applicant’s credit report before approving a loan. Lenders are looking for red flags like multiple late payments, high debt-to-credit ratio, numerous recent credit inquiries, collections, bankruptcies, and foreclosures. All of these things can lower your credit score and scare off lenders.

A bad credit score is anything under 650. No matter what your credit score is there are times in life when a loan is needed to make a big purchase or cover the cost of emergency expenses. Here’s what you can do if you find yourself needing a loan when your credit score is low.

How to Get a Loan With Bad Credit

Getting a loan with bad credit may be hard, but it’s not impossible. There are bad credit payday loan alternatives you can get, which may be the easiest option. With a payday loan alternative, you’ll get the advantage of repaying the loan in installments, but a good credit score isn’t usually required. Typically, all you need is proof that you’re at least 18 years old, have a steady income and a bank account.

Payday loans are also available, but they are much riskier. With a payday loan, the total amount is due on your next payday. If you can’t pay the loan in full you’ll be hit with exorbitant interest rates that dramatically increases the cost of the loan. The payday loan timeline will increase and it’s easy to get stuck in a cycle of debt.

If you are able to get a loan through a traditional lender there’s a good chance the terms won’t be the best. Because lenders see applicants with bad credit as a risk you may have to jump through additional hoops. A lender may require:

  • Higher interest rate
  • Higher down payment
  • Co-signer with good credit on the loan
  • Collateral to secure the loan

All of these things will make the loan more expensive upfront and over the life of the loan.

How to Fix Your Credit for the Future

If you have bad credit the time to start fixing it is now. Mishaps will stay on your credit report for seven years, but your credit score is always changing. There are easy steps you can take and tools for credit repair.

Debt Management

When your credit is low because of extremely high debt, you may need to seek the help of professionals. A debt management company works to help you get better repayment terms and helps you get your finances on track. It’s a great option if you don’t know where to start and need guidance.

Make All Payments on Time

It’s also very important to make all of your payments on time. Whenever possible set your accounts on autopay out of a bank account so that you never miss a payment.

Pay Down Dents With the Snowball Method

Put a lot of attention on paying down debts. A good strategy is to use the snowball method. With the snowball method, you work on paying off the smallest debt first, which should be the quickest debt to pay off. You’ll then have one less bill to worry about and less interest to pay each month. Move on to the next highest debt and keep going. Remember, you still need to pay the minimum for each account.

Consolidate Debt

Another way to save money while paying down debt is consolidation. This means moving an outstanding balance on a high-interest account to a credit card or loan with a lower interest rate. Your credit card company may even offer special 0% interest deals on transfers for a short period.

Stop Using Credit

If you continue to use credit cards you won’t lower your debt-to-credit ratio. Do your best to stop using all credit cards. Start by cutting back or eliminating discretionary spending. You may also want to pick up a side gig like Uber or Lyft driving to increase your income so credit cards aren’t necessary.

Hey all! Big thanks to Katy Blevins for handing over the reins to me at the end of 2017 to fulfill my new years resolution to write...often! Based in Miami, you can find me blogging about family life as a mother of two young kids. But i'll also continue the Chaos and Kiddos theme of business, fashion, parenting, product reviews, and...well, I could go on and on.

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Ten Ways to Save Money Running Your Home



Nowadays, with wages struggling to keep up with inflation, the cost of living feels like it’s always on the rise. Running a home involves so many different expenses that every penny counts. Here are some easy ways to save money when you’re running a household. 

Stick to your shopping list

Whenever you go shopping, do you stick to your list or do you pick up a few things on sale that you don’t really need? Is that packet of Twinkies really necessary? Next time, only buy the things that you set out to buy unless you remember something that you genuinely need like toilet paper. 

Try generic brands

Another way to save money is to try the generic version of name brand items. Why not try and see if the store brand cereal is as good (or even better) than the big name brand you normally buy? 

Get appliance insurance

One of the biggest expenses that can hit you when running a home is sudden appliance breakdown. Your fridge breaking down can cost you several hundred dollars in repairs or replacement. Read this blog post to see how appliance insurance could save you money. 

Sign up for free customer reward programs

There are retailers of all kinds that offer free customer rewards programs. You often only need an email address to sign up, and you’ll soon be drowning in freebies.

Cook in large batches

Chili is a great meal to cook in bulk. You’ll actually also be saving time, as you can cook multiple meals at once that can then be frozen and eaten later.

The 30-day rule

This is a really powerful way to save money based on the incredible concept of not spending it. Basically, whenever you get an urge to buy something, wait 30 days and then see if you still want to buy it. If you still have the urge, then it’s clear that you really want it. However, if you no longer have the urge, then you just saved yourself the money you would have spent on an item you didn’t really want.

Turn off the lights

Make sure to take advantage of sunlight when you can by opening your curtains. Turn off lights when no one is in the room or you don’t need them on.

Drink more water

Water is the best thing you can drink, both in terms of health benefits and in terms of cost. Stop stocking up on cans of sugary soda and expensive juice drinks and just have a glass of water instead. Drinking water throughout the day can also help you feel less hungry, so you’ll also snack less.

Stay away from fast food and takeaway

The cheapest way of eating is always cooking at home. Fast food may have a reputation for being cheap and easy, but it really isn’t that cheap when you have it frequently. 

Go to free events

Instead of going out to expensive movies or spending loads at bars, try finding out if there are any free events going on nearby. You might find something great that won’t cost you a penny.

Managing a household can be expensive, so finding the small areas where you can save a little here and a little there can lead to savings that really add up.

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How to Save Up for Your Next Big Purchase



When you have a family to support, you might find that you need to sacrifice making big purchases because you don’t have enough spare cash lying about in your bank account. Sometimes, making big purchases like buying a new washing machine or getting a new car are necessary to ensure that your family life runs smoothly. This is why we have come up with some tips on how you can save up some money for your next big purchase. Keep reading if you’d like to find out more!

Consider Your Bank

One of the best ways that you can bring in some extra cash is by choosing the right bank account. You’ll find that some banks offer little incentives that include real cash if you simply sign up an account with them. Switching your bank account can make a huge difference and this is something that you should consider if you want to save up some money for your next big purchase. Make sure to find out which checking account is best for you before jumping in!

Start Couponing

Couponing is a worldwide phenomenon that sees people save huge amounts on their weekly shopping in some of the major supermarkets. Often, we get coupons and don’t look twice at them because we don’t think that they will save us that much. The great thing about getting into couponing is that you can learn how to use coupons together and if you do it right, you can get your entire family’s shopping for an extremely low price.

Sell Online

If you’ve lived in the same home for many years, it is likely that you have accumulated a huge number of items that you don’t even use. This is where online selling or even car boot sales can come in handy. Give yourself some time to go through what you have and locate the things that you don’t need anymore. You can then go online and sell them through sites like eBay which will help you to bring in some extra cash and allow you to save it for your next big purchase.


If you have a certain number of services that you are paying too much for each month, do your research and see what other offers you could be taking advantage of. Once you are fully informed, make a call to your internet or electricity provider and let them know that you have found a better offer elsewhere. It is likely that they will do all that they can to stop you from switching so you might end up being offered a better price. Don’t be afraid to negotiate because these providers are well trained in dealing with people who want to switch, and they know what they are allowed to offer.

If you follow these steps, you might find that you are able to save money on your services each month and in the end find some spare cash to save for your next big purchase.

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Financial Housekeeping Tips For Everyone



Good habits make it easier to be good with your finances.

What is “financial housekeeping”? Well, it’s essentially the process of keeping your finances in good order through regular attention and maintenance. A quick dusting down of your budget each week or shining up your savings with better planning and research can make all the difference to overall financial health.

Keeping your finances in good shape means you won’t have to rely on expensive doorstep cash loans or personal loans in an emergency – like your heating breaking down in the middle of winter. If you’d like to be better at financial housekeeping then here are some useful tips.

Make your finances a regular priority

Just like regular housekeeping, the financial version needs to be regularly done if you want your finances to be orderly and sparkling. Schedule in some time once a week to look over budgets and review your goals to see where you are with what you have in the bank – and what you’re trying to achieve.

Carry out a financial spring clean often

Overspending and financial waste can be curbed with a regular review and clear out of your finances. Are you paying for apps or services that you just don’t use anymore (e.g. online streaming or gaming apps)? Do you know how much you spend on coffee every week and are you eating the food that you buy or does it just end up in the bin? Go through every aspect of your financial life and assess whether it’s working and if improvements could be made.

Always hesitate

Hesitation isn’t always helpful in life in general – except when it comes to your finances. If you’re trying to improve the way that you manage your money then a little hesitation is sometimes no bad thing. Feeling like you want to spontaneously purchase a whole new outfit or TV? Just give yourself a day or so to think about it. Looking at exotic holidays online and wondering if you could just skip a few car repayments to take advantage of a discount? Just wait 24-48 hours and then think it over again.

Regularly reassess your options

Interest rates change on a regular basis so it makes sense to review where these touch your financial life as part of routine financial housekeeping. Could you pay less for money that you’re borrowing, for example? Or is there a better product for your savings that would help you to generate more income from what you put aside?

Think about the future

When you’re committing to financial housekeeping always keep your eye on the horizon. Living in old age is becoming increasingly expensive and poverty is a very real threat for many who reach pensionable age. Do your current financial arrangements include a provision for covering the costs of living when you’re in your golden years? If not then this is a reassessment that is going to be essential for keeping your finances in order.

Stay on top of your income and outgoings

Budgeting gives you control when it comes to finances and is an essential part of financial housekeeping. Make sure you know what’s coming in every month – and that you’ve estimated your outgoings so that there are no nasty surprises or white knuckle moments.

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