Straight Fire Money is not just another personal finance site. It is the sum total of our actual, real-life experiences growing up and navigating adult life.
Author: Alexander Whaley
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Boost Your Finances with Credit Score Improvement Tips
Improving your credit score is a key step in achieving financial wellness. Whether you’re looking to apply for a mortgage, secure a loan, or simply have more control over your finances, a better credit score opens up a world of opportunities. But where do you start? Let’s dive into some credit score improvement tips that…
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DIY Credit Repair Guide: Boost Your Score Fast
Meet Sarah, a hardworking professional who has always paid her bills on time and managed her finances responsibly. Recently, she discovered that her credit score had taken a hit due to a few unexpected medical bills that went unpaid. Sarah was determined to get her credit back on track and improve her financial standing. Like…
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Credit Score and Rent-to-Own: A Smart Guide
When it comes to buying a home, having a good credit score is essential. But what if your credit score is less than perfect? Does that mean you’re out of luck? Not necessarily. Rent-to-own homes offer an alternative path to homeownership, even for individuals with bad credit. A rent-to-own agreement allows you to lease a…
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Credit Score and Car Financing: Your Guide
When you’re in the market for a new or used car and need financing, your credit score can significantly impact your options. Lenders look at your credit score to assess your creditworthiness and determine the interest rate you’ll be offered. Higher credit scores usually result in lower interest rates, while lower scores could mean higher…
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Credit Score and Loans: Impact on Borrowing Power
When it comes to borrowing money, your credit score plays a crucial role in determining your eligibility and borrowing power. Lenders rely heavily on this three-digit number to assess your creditworthiness and make informed decisions about loan approvals, interest rates, and loan amounts. Your credit score is a reflection of your financial reputation and is…
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Credit Score and Insurance: Impact on Premiums
Insurance companies in the United States take various factors into account when determining insurance quotes and premiums. One of these factors is your credit score. Yes, you read that right, your credit score can influence the cost of your insurance coverage. The use of credit-based insurance scores by insurers has become a common practice. These…
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Credit Score Impact on Renting Apartments
Renting a home, apartment, or townhouse can have an impact on your credit in several ways. Positive rental history is increasingly being included in credit reports by credit reporting agencies. However, not all landlords report rental payment data to the credit bureaus. While having good credit can help you rent an apartment, paying rent on…
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Credit Score and Employment: Impact on Job Prospects
In today’s competitive job market, employers are not only interested in your qualifications and experience but also in your credit score. That’s right, your credit score can have an impact on your job prospects and opportunities. In this article, we will explore the correlation between credit score and employment and why employers conduct credit checks…
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Divorce and Credit: Protecting Your Score Post-Split
Divorce can have a significant impact on your credit score, so it’s important to understand how to protect your credit during the process. According to a survey, 38% of respondents saw their credit score drop by more than 50 points after separating from their partner. To safeguard your financial future, follow these four steps recommended…
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Marriage and Credit: Financial Union Essentials
Getting married is not only a union of two people but also a union of financial interests. Understanding the connection between marriage and credit is crucial for establishing a solid financial foundation as a married couple. Managing finances together requires effective credit management and strategic planning to ensure a prosperous future. In this article, we…