Category Archives: General

Bad Credit Loan – Let’s Cut Through the Hype!

Bad credit loans seem to be a hot topic these days. In fact, if you need a bad credit loan, you’re likely to find an overabundance of information.

See if this sounds familiar. You need a loan. Maybe you want to buy a car, enroll in college, or take out a home improvement loan. Or perhaps you’re a first time home buyer and you’re looking for a mortgage. The problem is, you’ve got a bad credit history, and you’re afraid you won’t be able to find a lender.

But then you do a little research on bad credit loans and find that, lo and behold, there ARE loans for people with bad credit available! In fact, EVERYONE wants to give you a loan. Loans for cars, mortgage loans, student loans, personal loans, loans for just about anything you want. Not only loans, but credit cards too. Why, who would have ever thought is would be so easy to get a loan when your credit history is so dismal?

So, that’s great news, right? RIGHT?

Let’s just stop for a moment. Ask yourself “Why is everyone so eager to extend credit to me when my credit history is so bad?”

The question can be answered in two words — HIGH RATES. Sure, you can get a bad credit loan easily enough. But you’ll “pay through the nose” when it comes to the interest rate.

So “What’s the ‘big deal’ about paying a little higher rate?” you ask.

Let’s look at a few figures.

Suppose you want to buy a car. After looking long and hard, you find the “perfect” car for $20,000. So you apply for a car loan and get a loan with no trouble, but because of your poor credit, you have to pay 20% interest. On a 60 month loan, your monthly payments will be $529.88.

Now if your credit were very good, you might have gotten the same 60 month loan at an interest rate as low as 10%, with monthly payments of $424.94. bad credit loans guaranteed approval

The bottom line is, over the life of the loan you’ll have paid an additional $6,296.40 in interest that you would NOT have paid if you had you gotten the loan at 10% interest. Your bad credit loan will have cost you $6,296 more FOR THE SAME CAR!

But if you think that’s bad, take a look at a home mortgage loan!

Suppose you want to buy a $100,000 home and you’re just thrilled to find a lender willing to give you a 30 year loan in spite of your bad credit. He’ll charge you 12% interest, and your monthly payment will be $1,028.61.

If your credit had not been so bad, you could have gotten the loan for a rate closer to 9%. If your credit had been very good, you might have been charged only 6% interest and your monthly payment would have been $599.55.

The bottom line? That bad credit loan will have cost you (over the 30 year term) a staggering $154,461.60 MORE than you would have paid had you gotten a loan at the 6% rate.

No, this is NOT a typo. Your lender will pocket $154,461.60 in additional interest payments because you were charged a higher rate for a bad credit loan. That’s over 1 ½ times the cost of the house itself!

So why did he charge you the higher rate? Because he knows he can get it! After all, he’s got you “over a barrel.” He knows (and you know) that you need a loan, but because of your bad credit no one’s going to give you one at a low interest rate.

Do you see now why people are so eager to lend you money in spite of your bad credit? In fact, credit reporting companies make a fortune selling lenders the names of people who have bad credit. Those lenders know they can charge them high rates, and that if they need credit, they have no choice but to pay them.

So what’s the solution? You may be thinking “What choice do I have anyway? My credit is bad, I need a loan to get a house (or car, college education, or whatever) and there’s just nothing I can do about it except find a lender willing to give me a loan at whatever interest rate I can get!”

Sun Room Cost Are Easier to Control When Using the Kit Option

It used to be everyone had to hire a contractor when adding a sun room to their home. However, with the ease of installing a sun room kit that is no longer a homeowner’s concern especially if you have a few skills. Building from kits is a very economical option for those skilled in construction so adding that additional room can be done at a much lower cost. You can find kits for both pre-built and pre-designed sun rooms via on-line searches, from your local builder or contractor in your area.

Before purchasing any particular kit, research various designers and vendor sources to make sure you are investing in quality merchandise. You can even purchase your own kit for a contractor to build from. Your ultimate decision to either build yourself or hire the work out depends on your projected budget and skill level of construction. Doing it yourself does require more than a basic knowledge about construction. It is best to hire a professional if your skills are mediocre at best.

Adding this all purpose addition very similar to sun rooms . You’ll find the expense just a bit less. The cost for materials is a little more and usually specialized glass is part of the construction cost. As with any addition done by the homeowner the real savings would be realized for the cost of labor. If you decide to do the work yourself make sure the manufacturer is a reputable company and they offer quality materials so your project goes smoothly.

Most sun room kits come complete with videos, screws, frames, necessary fasteners and design options. The windows for are usually custom made so that is a separate cost.

Thoroughly examine all materials upon delivery as you don’t want to run the risk of construction only to find you used shoddy or defective merchandise. Read all fine print to determine specifically what is included in your kit. If the pricing seems too low you may not be getting everything you need or the manufacturer is offering inferior products. Compare different offers on sun room kits from various competitors.

Before starting your project, measure the area where you are building. Take note of any leveling or grading that needs to be done. You want the area flat to ensure correct construction of your addition. You’ll need accurate measurements before starting your project. Do not use estimates as you will find yourself with an improperly constructed sun room. Stake out your measurements with string and wooden stakes. Once you receive your building materials you can be assured you have enough for your project. In the end you want a sun porch that fits your home properly and adds increased value not only monetarily but also increase value of enjoyment for your family years to come.

Costs can be greatly reduced in construction a number of ways. It certainly pays to be creative so you can maximize the return on your investment.

Materials for House Building

In house building, the people who will build the house is important because they are the ones who would actually build the house and keep it together. But another important aspect in the building of the house would be the materials. And in this project, there are a lot of materials that are needed. From start of the project until the end, you will be spending a lot. There are really expensive materials and there are cheap but just for materials, you will be spending thousands already. So if you plan to build a house, you must be ready to spend a lot.

For the house owners, they don’t have to worry about what materials you would need since there are people who are in charge to buy them. What they need to worry about is the payment. Before the workers buy these materials, they must first get approval from the owner. You would hear them say, “Is that really needed?” “How much will it cost me this time?” Those are normal reactions and questions from the owners because they do spend a lot just for house building. So sometimes, they want to know what those materials are and what it is for.

Here are some of the many, many materials that are used for house building:

• Concrete or Cement: Of course, this is one of the basic and most needed materials for the house. It is used for the whole structure and the walls of the house

• Wood: Not just for the furniture but for other exteriors of the house

• Mud and Clay: Builders know which one to use depending on the soil of the land

• Metal: It is used for the pipes inside the house รับสร้างบ้านโคราช and other parts of the building

• Glass: For the windows, bathroom and other areas of the house. Different sizes and shapes will be used

• Paint: There are different shades and colors that will be used for both the exterior and the interior of the house

There are still a lot of materials needed in building a house. Things like hammers, saw, screw driver, etc. Those small objects are needed by the workers. Building a house is both stressful and expensive but in the end, all those are worth it. If you see the end product and it is really what you wanted your house to look like, you will forget all those problems and expenses. You will just enjoy the house that you made and live happily.