California Bad Credit MortgageWritten by Carrie Reeder
California is a beautiful place to live There is no doubt about that. But, to live in California you must pay price, which is sky high real estate prices. Renting, as opposed to buying in California, can save a little bit of money. However, renting has disadvantage of not building any equity. As home prices in California continue to rise, you may want to be a homeowner and take advantage of home appreciation factor. If you're going to be paying a lot of money to live in California anyway, you might as well be making some money on top of it too, right?
Now, if you have bad credit and are trying to get a home loan for California home prices, this may seem like an impossible situation. Home prices are high and if you already have poor credit, fact that you need to be approved for such a high loan amount can be an added difficulty when trying to get a home loan.
However, there is hope. There are so many programs available today to help people with recent bankruptcys, collections and even foreclosures, obtain mortgage financing. There are nationwide mortgage service companies that can either approve you directly or get you in touch with a lender who can approve you.
Here are some suggestions of things you can do to aggressively help yourself get qualified for a mortgage loan in California, with a bad credit history:
1. Pull your credit and review it - Pulling your own credit will not negatively affect your credit score like having someone else pull it will. For a list of links to three major credit bureaus, visit this page: www.abcloanguide.com/credithelp.com. Look over your credit history and make sure that everything is reporting accurately. Sometimes, something as small as an account being reported as currently being due as opposed to being included in a past bankruptcy can be difference of 10-15 or more added points to your credit score.
Make sure every account that is closed is reported as being closed. Make sure that every account that was reported in a bankruptcy is reported that way, and not being reported as money still owed. If you have small collection accounts, try to pay them off and then fax confirmation that account was paid off to major credit bureaus so that they can adjust your credit report right away. Editing this information on your credit report is easier than ever today because all three major credit bureaus now make it possible to dispute and inaccuracies online. You could pull all three reports, dispute all inaccuracies and be done in less than an hour now. Just a few years ago, it used to take hours or days to fill out all necessary paperwork.
Cash Advance Loans Online - A Great Way To Make It Until Your Next Pay DayWritten by Carrie Reeder
A payday advance is a loan obtained to cover unexpected expenses or if you happen to be short on cash and payday is still several days away. Payday advances can usually be deposited into your checking account very same day you apply or overnight. A payday advance is meant to be a short-term loan, not a revolving credit account. The interest you pay on a payday advance is higher than with a traditional loan.
In applying for a payday advance, you will generally supply loan company with your name, address, phone number, employment and checking account information. There is no credit check. You can qualify for a payday advance up to $1000 dollars or more that is to be repaid when you receive your next paycheck or over your next two to three pay periods. Payday advance companies may require you to receive your paycheck through direct deposit, but some allow you to qualify for a payday advance even if you receive a paper check from your employer that you deposit into your checking account.
The interest rates charged for a payday advance loan are significantly higher than with other types of lenders, but majority of payday advance companies will allow you to split your payments over your next several pay periods to make repayment of your loan simple and painless.