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Welcome to New Bold RFC Forex Broker website. We are experienced professional in the field of forex to assist the traders in investing in forex markets. With our fair and secure online trading platform, you can make your investments anytime and anywhere. We constantly keep educating our traders about forex markets for making the best investment decisions in the future.

Hi, I am Christina, one of the partners with New Bold RFC Forex Broker firm for the past 5 years. I have an experience of over 8 years in the field of forex. So, using my experience, I started this blog to educate traders how and when to invest in the forex market. I share all the technicalities of the forex markets that they need to be aware of.


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What To Do When You Need A Loan And Have Bad Credit

People who have bad credit often feel that they might as well not even try to qualify for a loan or a credit card. The Federal Reserve conducted a study in 2014 and 40% of the people polled said that they wanted access to credit but hadn’t applied because they were worried their request wouldn’t be approved.

If you have good credit you will have access to loans and credit cards with good interest rates. If you have bad credit the opposite is true. However, people with bad credit shouldn’t give up because they can get access to loans and credit cards. The rates might not be ideal but it is possible to get qualified.

One of the most important things to know is that no one should be turning to things such as payday loans. The interest rates are sky high and these types of loans are very dangerous. The annual percentage rate can exceed 350% and trap people in a cycle of needing more payday loans to pay off the former one.

Everyone with credit has a FICO score. The three credit bureaus use your credit history to determine your score. What goes into your score includes how long you have had credit, what your payment history is, how much credit you have, how many credit inquiries you have recently had, and if there are derogatory items such as a bankruptcy. This is the range of FICO scores that determine how creditworthy you are:

  • Poor: 579 and below
  • Fair: 580-669
  • Good: 670-739
  • Very Good: 740-799
  • Excellent: 800 and over

If your FICO score is below 579 the best lenders to turn to are those that will work with people who have bad credit. A great place to turn is credit unions. Credit unions are non-profits that are owned by their members. Unlike banks, credit unions don’t put profit over everything else. They are willing to work with members to offer auto loans, personal loans, and credit cards.

You won’t be offered the interest rates that people with good credit qualify for. It’s important to shop around among lenders and find the best terms you can. The lowest interest rates are usually for personal loans while credit card rates will be higher. In addition to the interest rates, you will want to read the fine print to see if there are any additional fees on the loan.

If you have bad credit and want to build it a great option is getting a secured credit card or secured loan through a bad credit loans company in New Zealand. You give the lender a sum of money, such as $500, and that will be the amount of your loan or the limit on your credit card. As you pay on the loan or credit card every month your credit score will go up as you show responsible use.

By |March 4th, 2019|Categories: Loan, sticky|Comments Off on What To Do When You Need A Loan And Have Bad Credit

Five tips to help make applying for unsecured loans easier

If you have never applied for an unsecured loan before, and now find yourself in the position of having to do so, you may be feeling a little nervous. After all, an unsecured loan can be for thousands of dollars, with quite a few serious financial ramifications if you cannot pay it off on time or end up being late with payments.

That is why, before you apply for an unsecured loan, make sure you understand these five tips and then follow them.

Compare loan companies and their interest rates — The first thing you need to do when applying for an unsecured loan is to make sure you know which companies offer the lowest interest rates (see fd for a good example).

Interest rates are very important with unsecured loans, as many companies tend to charge very high rates. This can mean paying back thousands more dollars over the course of your loan, compared to a company offering low interest rates.

Compare interest rates across a few companies before you choose one for your unsecured loan.

Check on a loan company’s reputation — The next thing you need to do is to check on the reputation of the company you may apply to for an unsecured loan.

Reputations of financial companies vary wildly, and you do not want to be stuck with an unsecured loan from a company that has a terrible reputation for how it treats its customers.

Is it a fixed interest rate? — Be sure you only choose an unsecured loan from a company offering a fixed interest rate.

Some companies offer low interest rates at the beginning of an unsecured loan, but then increase them markedly after a few months. This can mean you only pay a four percent interest rate for three months, then suddenly find yourself paying 25 percent or more as the rate is increased.

Know if your interest rate is fixed and, if not, how much it will increase to before you apply for a loan.

Do they penalize you for early repayments? — You may want to take out an unsecured loan and then repay it much faster than the repayment term.

If this is you, be sure the company you get the unsecured loan from does not penalize its clients for repaying loans early. Some companies do, and this can be hundreds of dollars in a penalty fee that you will not want to pay.

Are their repayment terms easy for you? — Read about the loan’s repayment terms carefully before agreeing to the loan, and make sure they are appropriate for the situation.

Do they allow you to pay your monthly payments in a manner that is easy for you. For instance, via PayPal, a direct debit from your bank account or by mailing a check.

If they make things difficult when it comes to paying your monthly payment, there is a very good chance you will miss or be late with a payment. This is when high penalties will occur.

By |February 4th, 2019|Categories: Loan, sticky|Comments Off on Five tips to help make applying for unsecured loans easier


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