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Here’s how one can get a car loan with a low credit score

Here’s how one can get a car loan with a low credit score

A good credit score is crucial for maintaining financial health, as it affects the availability of financial assistance through banks and other institutions. A low credit score usually does not prevent one from finding a car loan. However, only some have a perfect credit score, while some may require help obtaining car loans. Fortunately, various tips and tricks are available to secure a car loan with a low credit score. Let’s explore these options below.

Check credit score
A crucial aspect of managing one’s finances is understanding their credit score. The FICO credit scoring system is a widely used tool that ranges from 300 to 850. Anything below 580 is considered a poor rating according to this range. Therefore, the first step is to check the rating to determine the benefits and limitations that may arise.
These scores are based on factors like the credit history’s length, payment history that may include any past defaults, how much one has to owe, spending more than the available monthly credit, and having a short credit history.
Also, one of the expert’s tips is that one must not consider getting a new credit card or loan before applying for a car loan. Instead, improving one’s current credit score will help one be in a favorable position.

Save for a down payment
One of the easy hacks to obtain a car loan is first to be able to provide the down payment. Once one has selected which car they would like, calculate the down payment required for that vehicle. Start saving up for this upfront money because the chances of getting a car loan increase significantly if one provides a down payment on the spot. This also helps offset the higher interest rates, which can assist in securing the loan. So, aim for a larger down payment instead of the minimal amount of $1,000.

Prepare thoroughly
One must research the annual percentage rate at which one will be charged based on one’s credit score. Also, one must check an estimate of how much of the monthly payment one can afford if the loan goes through. It is important to remember these numbers as they will help negotiate with the loaning institute. Additionally, one must check for deals that match the monthly payment budget and if one can reduce the APR by any number.
Statistics show that credit scores ranging from 300 to 600 can get anywhere between 14% to 12% of APR on new cars and 21% to 18% on used cars. These values will change specifically to the bank one is going to.

Get a co-signer
One should consider getting a trusted friend or family member to be a co-signer on one’s car loan. It can help one get an approved car loan quickly and surely. One must take that offer if that individual has a good credit score and is willing to help with this co-signing. Doing so will be a great negotiating tool during the car loan process, which can help get a lower interest rate. However, the co-signer’s credit score can be affected if the loan becomes delinquent, even though they don’t own a vehicle.

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5 mistakes to avoid when buying tickets for live concerts or shows

Concerts in large stadiums provide a truly unique experience. But finding tickets for the best rows before they sell out can be time-consuming. Tickets can be purchased in different ways, including online, at the venue, or through a middleman. Regardless of the method you choose, it is essential to confirm the tickets' validity to prevent becoming a victim of fraud. Here are some things to avoid when buying live concert and show tickets. Visiting fake links Scammers often use phishing to obtain financial and personal information from people booking tickets online. Once they have this information, they access the victim's bank and credit card accounts. They mainly trick buyers by sending emails or text messages that appear to be from legitimate banks, credit card companies, or event organizers. These emails include a link to a different page that asks for personal data like birthdate, social security number, and bank account details. As a result, the con artist gains direct access to the victim's account. To avoid fraud, ensure the links you visit are valid and come from reliable sources. Last-minute bookings Tickets to shows featuring popular performers sell out shortly after the dates are made public. So, booking tickets just a few days before the show or concert can be risky. To ensure you get the passes, purchase tickets as soon as you learn that your favorite artist is performing. Doing so also gives you time to look for discounts or special offers and pick the best seats inside the stadium. If necessary, set a reminder for when the tickets go on sale. Ignoring the terms and conditions Before buying live concert or show tickets, carefully read the fine print. Check for any stated age restrictions to avoid wasting money and being denied entry at the gate. Also, read the terms and conditions to understand what is permitted in the stadium or ballroom and what should be left behind to avoid confusion later. Further, check the return and exchange policies to avoid last-minute stress. Falling for fake tickets During big events, scammers produce fake tickets and mark them down to lure customers. After receiving the payment, they disappear or present a fake ticket. Buying tickets directly from the venue or a trustworthy secondary source is advised to save money and avoid falling for such cons. Search for official websites, investigate the vendors, and purchase tickets only from sources that provide a justifiable return. Finally, use a credit card to buy tickets as they are more secure than other forms of payment. You can cancel credit card payments immediately if you discover the tickets are fake. Using third-party apps for booking Avoid downloading third-party apps that promote simple ticket booking, deals, discounts, and other benefits on the day of the concerts. These apps may contain spyware and malware, compromising your smartphone and exposing personal information. Only use the Google Play Store or App Store to download apps for booking live concert or show tickets. You can check out reliable websites like VividSeats and StubHub to book tickets to concerts, shows, and other events. The platforms offer exciting deals and discounts for events like the Superbowl and performances by popular artists like Madonna and Taylor Swift. 

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4 tips for choosing the right water bottle

Water bottles are one of those essential products that continue to be used by people of all ages. Today, one can find a wide variety of types and designs of water bottles that cater to diverse needs. But, when choosing a bottle, one may overlook certain must-have features and instead opt for trendy options that don’t meet all requirements. To make an informed decision, here are a few tips for choosing the right water bottle: 1. Consider the usage The first thing to consider before purchasing a water bottle is individual usage. So, one needs to know if they are buying a bottle for their home, carrying it to work, or for traveling. Based on this, one can choose the right size and material for the water bottle. For instance, glass is a great, relatively safe material for storing water, but glass bottles work best for home as they can break with rough use. For portability, one should consider plastic, stainless steel, and silicone bottles, as they are sturdier options. 2. Prioritize health and safety Plastic is commonly used for single-use and reusable water bottles, as it is a lightweight, versatile, and affordable material. However, when choosing plastic bottles, one must make sure they pick BPA-free variants. BPA (Bisphenol-A) is a chemical usually found in plastics, which is known to leach into food and drinks stored in plastic containers. So, plastic bottles could mean one ends up ingesting high amounts of this chemical, which has been linked to health issues such as heart disease, type-2 diabetes, and cancer. So, to avoid BPA, one must check the product label for a BPA-free tag. Additionally, a reusable bottle with a built-in filter can get rid of disease-causing contaminants found in water. The filter, which usually has activated carbon, can also minimize the taste and odor of chlorine found in treated water. So, one should invest in BPA-free water bottles with filters. However, one should change the filter regularly to keep their drinking water free from impurities. 3. Consider insulation If one is purchasing a water bottle for outdoor usage, say, while traveling, one must consider insulation. An insulated water bottle has a double-wall construction that maintains the original water temperature for hours. This is especially useful when one is traveling in extreme weather conditions. 4. Inspect the lid and locking mechanism Water bottles come with various types of lids and locking mechanisms. Some of the most common options include a simple screw-top lid, flip lid, and spout-type lid. Before purchasing a bottle, one must check the lid to choose the most easy-to-use design or one that they like the most. Secondly, one must also check if the water bottle lid is leak-proof. To ensure one makes the right choice, they should inspect the bottle thoroughly before making a purchase.

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