Are Bad Credit Loans Better Than Debt Consolidation

Can Debt Consolidation Help Your Credit?

Although it won't automatically increase your credit score, debt consolidation can help increase your credit score over an extended period of time. First off, debt consolidation generally consists of borrowers taking out a new loan (at a lower interest rate), to repay several loans, at higher interest rates. Another reason it will help increase your score is that you only have to worry about one payment, meaning you don't run the risk of missing several payments, or paying several creditors late.

Consolidation will also help in the short term. If you have several loans in default, it will reflect negatively on your score. But, consolidating these loans will show you only have one open account, which will show you have cured your defaults and debts, increasing your credit score naturally.

It will take some time for your score to really see a large improvement when it comes to consolidating debt. But, debt consolidation does have both long and short term positive impacts on your credit score. For these reasons, debt consolidation can have a positive impact on your credit score.

ARCCT Provides Nationwide Help for Bad Credit Loans

Bad credit is preventing tens of thousands of people from contracting new loans and while for some getting their loan approved may not matter that much, for the rest of the people having their loan application rejected means a lot. However, if you find yourself in this unpleasant situation, you don't need to worry about it too much, since ARCCT Provides Nationwide Help for Bad Credit Loans and other financial programs for people with bad credit. When you need a loan ARCCT provides the help you need very quickly!

Get the help you need fast

One of the best things about ARCCT is that not only can they help you contract a loan, but their program is available nationwide and you can easily get either a short or a long term loan faster than using any other lenders. Most of the times people who submit a credit application to a regular lender are going to have it rejected because they have made too many late payments, they have no substantial collateral for backing their loan, they have a generally poor score and they also have un-established or new credit.

Any credit analyst that reviews your file and find these things written in it is going to consider them very important issues that unfortunately detract from your chances of securing a loan. Even worse, most analysts will reject your application the minute they find a single red flag, let alone more.

ARCCT always approves your loan application

If there's one thing about ARCCT you'll love, that is the fact that there's an almost 100% chance your loan application is going to be approved. On top of that, using their service is absolutely free and you don't have to be worried about being charged an application fee as well. Besides, there are many types of credit loans oriented applications for you to choose from, which makes it easier to go with the one that suits your needs best. After ARCCT reviews your application and approves it, the money is then going to be transferred into your bank account in the same day or even within a few hours. 

To fill out your loan application, all you need to do is visit the ARCCT website and either input your personal information in the corresponding boxes or get in touch with their agents by phone. Finally, after your loan was approved, make sure to let ARCCT know about your experience with them so that people who are in great need of money and keep being turned down by their local banks can also take advantage of the same quality services and fast loan approval you did when using ARCCT. 

How to Create a Monthly Budget

Creating and sticking to a budget can be difficult but will help you to effectively manage your money in the long run and not only be more financially savvy but stress free too. Here are some tips to help you learn how to create a monthly budget.

How to Create a Monthly Budget
- Write down your expenses.Writing down what your basic expenses are gives you an idea of how much money needs to be allocated to them.
- Track every dollar you spend.Writing down what you spend money on, whether in a notebook or on your phone, will help you see what you're spending cash on.
- Separate expenses into necessary and extras.Extras are not required, while items such as rent, food, power, and other expenses are necessary and required to be worked into your budget.
- See where you can cut back.Mark expenses where you could spend less and integrate that into your budget.
- Create your budget and congratulate yourself.Creating a budget means you're being smart as well as proactive about your expenses. Now that you've created a budget and planned your expenses, you're on your way to saving money and protecting your financial future. You're to be commended on your efforts!

Who Can Look at My Credit?

Who Can Look at My Credit? This question may be disturbing you. There are actually people whom the law allows to access your credit history. These are people who prove that they will like to get the information in relation to dealing with you financially. For instance, in case you will like to borrow money from lending companies, the merchants or the lenders will be allowed by the credit bureaus to access your credit history so that they will determine whether to offer you a loan or not. Here are a group of people who will access your credit history who are allowed by the law, some of them you will be required to sign document that will enable them access your credit history. 



Insurance companies

Companies that will like to employ you

Credit card companies

Organizations offering licenses 

Child support enforcement agencies

Government agencies

Organizations that you have initiated business with

The 3 Major Credit Reporting Companies and What They Do

In case you will like to improve your credit score you need to be informed about the 3 major credit reporting companies and what they do. The three major credit reporting companies include Experian, Equifax and TransUnion. Here are some of the services that they offer to their customers:


Equifax offers services such as Bureau Reporting, credit Score Monitoring and Alerts, Alerting customers of key changes to their Equifax credit files, Social Security Number Monitoring, alerting customers on (SSN) suspected Internet trading sites and Dedicated ID Theft Assistance and Insurance


Experian offers services such as 

Credit Reporting, Credit Monitoring, offering Bureau Credit Reports and Scores, Credit File Disclosure, Credit Score Disclosure, Identity Theft Protection, Free Annual Credit Report to customers, solving Disputes concerning credit score, Security Freeze, Fraud Alert and Identity Theft Victim Assistance


TransUnion offers services such as

Identity theft protection, Credit Education and Credit Reporting