Getting Approved is As Easy As 1-2-3!
Easy Loan Approval
Here at 1-2-3 Finance, we believe that online lending should be easy, fast and accessible to everyone. Regardless of your credit score, we offer various loan products and financing solutions that will work for you!
Getting approved is as easy as 1-2-3!
Step 1: Choose the type of loan that you want to apply for.
Step 2: Fill out a short and easy loan application form.
Step 3: One of our qualified loan officers will work to get you approved!
It really is that simple and you have absolutely nothing to lose, so why not try us out today?
Lower Your Payments With Debt Consolidation
Freedom From Debt
It’s true that credit cards can be very useful and convenient for us, but in fact, there can be serious side effects as well. The reality of using credit cards is that sometimes we have a tendency to use them badly and you might find yourself in debt, which can be a real pain and sometimes a complete nightmare.
When talking about the various terms that are used in the topic of credit cards, one of the most discussed is credit card debt consolidation. If you haven’t been hiding under a rock for the past 10 years, you’ve probably read an article or two about credit card debt and already know what credit card debt consolidation is. But just in case you haven’t, credit card debt consolidation is the process of taking all of your debt from high interest cards and putting it all into a single low interest loan.
When you consolidate your credit card debt in this fashion, you will gain a reduction in your APR, which slows down your total credit card rate of growth. This is the number one benefit from credit card debt consolidation. You can reduce your overall interest and payments by consolidating all of your debt into one easy loan.
You also get easy management, because all of your credit card debt is transferred to a single loan, so you can manage your account without having to send out multiple payments and meeting various minimum payment amounts.
If you have been falling behind on your monthly payments or using one credit card to pay for another, getting a debt consolidation loan can often reduce your monthly payments and give you that extra bit of breathing room that you need to get back on your feet. You’ll also save your credit score by being able to get your monthly payments under control. All of your loan payments will be reported to the major credit bureaus and you can start to improve your credit rating with regular monthly payments.
If you are interested in more information about a debt consolidation loan for getting your credit cards under control, please apply for a debt consolidation loan and we will be happy to answer any questions you may have.
Credit Card Debt Must Be Lowered
In our present time, almost every person has concerns about credit card debt reduction, since this particular type of debt never seems to go down unless extreme measures are taken. With the high potential for job loss or reduction in income that we have today and the fact that credit card debt includes some of the highest interest rates, if consumers want to improve their financial health, credit card debt reduction has to be a main priority.
It is no big news flash to report that interest rates are on the rise, because in May 2009 the average credit card’s interest rate was 13.94% and now it is about 1% higher; if we could reduce our credit card debt it would reduce the amount of money we are spending on payment of all of our debt.
The most added stress on FICO scores and other credit scoring systems is created by revolving credit accounts and that causes added emphasis to be placed on credit card debt reduction along with the rising interest rates
To make a point, consider that over 65% of a person’s credit score is based on two quick facts: the frequency with which credit is used and how good their repayment history is revealed to be.
If credit debt reduction is not a priority, some people will be more likely to use credit card offers to it’s maximum available level, which may be alright if the payments are low or the full balance is not high.
However, if a reduction in income cripples the ability to repay, the credit score will suffer because utilization is high. If a payment is missed due to substantial financial strain, the late payment will be reflected in the credit score and the borrower will be punished for this by receiving a much lower score.
It is a given, that a worst-case scenario is not going to be welcomed when we are talking about hedging against personal financial risks like credit cards. The truth is easy to see in this case: we are in the midst of a bad economic recession and credit card interest rates are getting higher while credit approval is depending more and more on the strength of credit scores. This collection of facts added together should encourage all of us to think about making plans to help reduce credit card debt everywhere.
We all have our own personal reasons for carrying debt on credit cards. It really does not seem to make any difference whether the person is in a stable job situation or if it makes little difference to them that they have credit card debt.
When referring to dollars and cents, though, we should examine just how credit card debt reduction can help us now and in the future.
Credit card debt reduction has an effect on everyone, regardless of how much you actually use your own credit card, because it is tougher to get credit approval when there is already a great deal of existing credit card debt.
The reasons why reduction of credit card debt is important are listed above.
5 Things You Need To Know About Credit Scores
Credit Card Information
We hear about credit scores all the time. But most people don’t understand where these scores come from and what types of things influence your score. We all know that a higher credit score means better interest rates for car loans, mortgages, and other types of credit. Here are the 5 things you need to know about credit scores.
Follow the advice in these five credit tips and it will translate into higher credit scores and maybe even a few extra dollars in your wallet each month.
1) Approximately 35% of your credit score is based on your credit history, however late payments are rarely reported to the credit bureau until its 30 days late. For this reason if you are going to be late on a payment, do not let it slip past 30 days late.
2) Canceling credit cards may actually damage your credit score, particularly if they are old and established part of your credit history. Even if you no longer use a card that is ten or twenty years old keep it open because 15% of your score is based on the length of your history. In addition, keeping accounts open gives you a better debt to credit ratio, which makes up 30% of your credit score.
3) Everyone will need credit sooner or later, remember that no credit means bad credit in the eyes of lenders. When making a major purchase like buying a vehicle or your first house most people will have to rely on credit. You need to develop your credit to be granted credit, so make the effort to open at least one account and make purchases with a credit card occasionally.
4) Applying for too much credit at one time is extremely detrimental to your credit score since every time someone inquires about your current credit status the inquire remains on your credit report for 2 years. When you suddenly start applying for a large amount of credit, it sends up a red flag that you may be encountering some financial trouble that you weren’t prepared for or that you are accumulating too much debt.
5) Although teenagers are not always the most responsible with their finances, getting your child a credit card early in life can make a significant difference in the long run. If it is handled correctly this is one of the best ways to start building a solid credit history. There are many excellent options for low limit and prepaid cards, which will both help you child start building a positive foundation for their future credit.
Ten Right Ways of Using The Credit Cards
Credit Card Payment
Never exceed the credit value from 40% of your credit limit. It has a beneficial effect on your credit score. This shows that you have plenty of reserve in your account and also shows that your credit limit is high. This helps you to attain much higher credit score. If improving and increasing the credit score your credit card is only the single most factors. Use your credit card in a smart way so that the credibility of your card will remain high.
Here are some points by which you can achieve this reality.
1. Opening a new credit card account for the first time, so no debt so far.
Remember that you have no debts remaining. Opening a new credit card account sometimes causes headache especially when you are having debt balances. So open your new credit card account if you are free from all the debts or if you are not planning to get into more debt
2. Opening a new credit card account.
Opening a new credit card account sometimes cause headache especially when you are having debt balances. So open your new credit card account if you are free from all the debts or if you are not planning to get into more debt. Ant debt on you can create a problem in opening a new account because for that you should not n a debt.
3. Keep your credit limit low
Always keep comma on your credit card limit. If possible try to create an account in that company which provides you with the highest possible credit card limit. Suppose if you are not using your credit card limit then also your company will increase the rating or add merit scores on your account. Than you will have a high credit limit and your reputation will increase.
4. Closing the credit card account.
Don’t rush to close your credit cards, if you don’t want to use them. Otherwise it can harm your credit card scores significantly. Keep them as long as you can. If you really want to close them, then just then do it in a period of time. But don’t close them at one time.’
5. To close the credit card, choose the newest:
If you are having a number of credit cards and you are planning tom close them then choose the most recent one. Don’t close that credit card which you are using from the past many years. Otherwise it can harm your credit merit scores.
6. Make use of your multiple credit cards:
If you are holding a number of credit cards then make sure you are using them from time to time otherwise it would harm your merit score. Some company’s cam close your credit card account if they feel that you are not using them frequently. It would harm your credit card scores. So try to use them once in six months to be on a safer side.
7. Ask for the lower interest rate:
You are a good customer and good in your repayments and never defaulted on payments for man year and holding a good record for the company then you can speak to the bank officials and request them that they would lower your interest rate and also you can ask for a better bargain.
8. Choose the old credit card to close:
You have purchased the most recent card just because they are offering you a highest credit limit but some day due to some reason you want to close that most recent card .and you know that your recent card has the highest credit limit and the oldest one has the lowest credit limit. Then you can do one thing, approach to the bank and request for the higher credit limit since you have been their customer for the last few years and holding a good reputation and have good repayment track record. Most banks will oblige and you will get your wish, then you can proceed and close your most recent credit card.
9. Do not exceed the credit limit above 40%:
Never exceed your credit card limit from above 40%.It will have a beneficial effect on your credit score. This shows that you have plenty in reserve and a high credit limit. This will help you to attain much higher credit score. You should not close any credit card account as they will provide you with the high credit limit which is good for the score.
10. Use your credit card occasionally:
Try not to encourage much debt on your credit card. Keep rotating your cards and pay all the dues timely. Paying all the dues will help you to attain much credit score and this is highly favorable for you and for your credit card account
Credit Card Debt Can Destruct Your Credit Score
Debt is never good, as it leads to bankruptcy and the destruction of your credit report. As of today, credit card debt is worrying many people. Debt from credit cards can be very stressful, and lead to a very crippling situation. It seems that nobody can avoid getting involved with debt and with the economy in the shape it is, more people are using their credit cards these days, wracking up massive debt.
Ideally, before you use the card for the very first time, you should know a little bit about credit, handle your money and finances in simple way. Normally, you can get free of debt by managing your ideal budget and save some money whenever possible. If you stick to this plan and avoid steering away from it, you’ll normally have no problems staying out of debt. Even though getting in credit card debt is easy to do, getting out of it can take a whole lot of time and work. Even if you go to an agency or company that specializes in helping people out of debt, it wont happen overnight. To get out of debt, it will take you quite a bit of time and effort as you get the debt under control and begin the long process of rebuilding your credit.
Some people have more than one credit card, such as store credit cards that are known for high interest rates. If you have a lot of open accounts, you should look into debt consolidation, which will combine all of your debts into one payment so you can get them out of the way quicker. By using debt consolidation services, you will only have one bill to pay.
Every month, you should strive to pay the minimum amount and then some. Paying more than the minimum amount will also help to pay off your credit card bill faster as well. When you receive your credit card bill, you should always pay more than just the minimum. If you only pay the minimum balance, you will end up in credit card debt your whole life – as you could be paying nothing but the interest.
No matter how much credit card debt you are in, you can always find debt management services and agencies that will help you fight back. Although there are ways out of credit card debt, the best way to get out of it is to avoid it all together. If you pay your bills on time and never miss a payment – you’ll always live a debt free lifestyle.
How To Stop Foreclosure – 3 Legitimate Solutions
Bank Repossession
To Stop Foreclosure in nearly any city in the United States of America, there are basically only a few legitimate options. Some of these you’ll know, and some will be brand new to you.
Here are a few directions you can take:
- Sell your house prior to the foreclosure auction. The value of this idea will vary heavily depending on the nature and quality of your local real estate market. If you’re in a market that still has very slow resale rates, selling your home could be a challenge. Ask a local real estate agent to determine the average number of days on the market for properties in your area.
- Initiate a loan modification. A loan modification is a process through which your lender changes the payment terms of your loan to more closely match your ability to pay. While this is not a guarantee, loan modifications have become more popular in the last 12 months.
- Refinance the property. If you are not yet fully into the foreclosure process but have reason to expect you will fall behind on your payments, it may be wise to try to refinance your mortgage to a lower rate. If your property is worth less than the balance of the mortgage, you’ll want to inquire regarding a “short refinance”, which is when a lender forgives a portion of the debt against you in order for you to refinance your property and pay off the remainder of the debt you owe.
When you’re trying to stop a foreclosure, the key is fast action.
Warning: Be very wary of people who aggressively attempt to purchase your home for investment purposes. While there are many legitimate real estate investors, there has been a significant amount of fraud with “Stop Foreclosure” scams, and it is wise to be very, very careful.
Please remember: The crisis you now face will soon be over. As a foreclosure survivor myself, I’d like to encourage you to remain hopeful, and to understand that your future does not equal your past!
Thanks for reading this information about how to stop foreclosure. I hope you’ve found value here.
Debt Services
Recent Articles
- Credit Card Debt Must Be Lowered
- 5 Things You Need To Know About Credit Scores
- Ten Right Ways of Using The Credit Cards
- Credit Card Debt Can Destruct Your Credit Score
- How To Stop Foreclosure – 3 Legitimate Solutions
- Don’t Go Overboard on Credit Card Debt This Christmas
- Home Sales and Refinancing Effected by Credit Scoring
- Getting Approved is As Easy As 1-2-3!
- Lower Your Payments With Debt Consolidation