Mariner Finance - January 17, 2024 Credit scores. Many people struggle to understand the ins and outs of how these complex financial ratings actually work. Countless individuals are left wondering “What is considered a good credit score?” and “What actually affects one’s credit rating?” If you’ve got questions, this overview may have the answers you need. Below, we’ll dig into all you need to know about credit scores and how they work, exploring the most common scoring systems and the factors used to calculate everyone’s unique score. What Is a Credit Score? Before we dive into the nitt ..read more

admin - January 17, 2024 Credit scores. Many people struggle to understand the ins and outs of how these complex financial ratings actually work. Countless individuals are left wondering “What is considered a good credit score?” and “What actually affects one’s credit rating?” If you’ve got questions, this overview may have the answers you need. Below, we’ll dig into all you need to know about credit scores and how they work, exploring the most common scoring systems and the factors used to calculate everyone’s unique score. What Is a Credit Score? Before we dive into the nitty-gritty o ..read more

Mariner Finance - October 4, 2023 If you want to take a vacation but are unsure how to pay for it, you may be able to access the funds you need through a personal vacation loan. A personal loan may provide you the opportunity to go where you want, when you want, and repay the funds over time. How to Apply for a Personal Loan for a Vacation Lenders consider several factors including your credit history, income, and debt to determine whether to lend funds. Having a good credit score and credit history may give you access to more lenders, better terms, and lower interest rates. It is possi ..read more

- September 20, 2023 Mariner Finance Did you know that your income is not included in the calculation for your credit score? In fact, income does not directly impact your credit score, but how much you earn may affect your ability to pay your bills on time, potentially causing lenders to consider your income when determining if you qualify for a loan. Your income may also have an effect on the individual factors that do go into determining your credit score. Payment History Your payment history comprises 35% of your credit score. If your income isn’t sufficient to build up an emergenc ..read more

- August 16, 2023 Mariner Finance Having multiple credit cards and loans with different balances and due dates can become overwhelming. If you’ve been thinking about consolidating your debt, you might wonder how the decision may impact your credit. Any new loan could impact your credit score, but whether it is right for you—for the short and long term—depends on your personal financial situation. Explore debt consolidation thoroughly before you make your decision. What Is Debt Consolidation? Debt consolidation is when you take out a new loan to pay off balances from older loans. The new ..read more

Mariner Finance - August 2, 2023 Check your wallet. Do you have multiple credit cards in there? If you pay off your balance each month, you may not give them a second thought. But did you know that interest rates on credit cards are at record highs? Before you apply for another credit card or use one you already possess to pay for an unexpected expense, consider the difference between a credit card and a personal loan to decide which one might be the best fit for your personal financial situation. What Is a Credit Card? Every day you probably see an ad for one credit card or another. Th ..read more

- July 19, 2023 Mariner Finance Refinancing your car loan may save you money if you can negotiate a lower interest rate and better terms than you currently have. To determine if it’s the right decision, you can run some numbers. Interest rates, APRs, origination fees, and even the expense to re-register your vehicle are all costs to consider. Interested in learning more? Ask yourself some important questions: 1. What’s Your Car’s Value? Check the current value of your car through Kelley Blue Book to help determine your car’s equity. While lenders may allow for a refinance even if you ow ..read more

Mariner Finance - July 5, 2023 Whether you apply online, by phone, or in-person, the requirements to apply for a personal loan are often similar. But approval criteria may vary from institution to institution and, depending on the lender, you could be approved either in person or online. To qualify, you must be 18 years or older and will likely be required to present a valid government-issued photo ID that confirms your age and residence. Additionally, you may need to provide your: Social Security Number Proof of income Recent tax return What do Lenders Look for In Online Personal Loa ..read more

- June 21, 2023 Mariner Finance When you borrow money, you repay the funds over time, with interest and fees included. The APR, or annual percentage rate, is a calculation of the total annual cost of borrowing money and includes fees and other charges, in addition to interest. Lenders often advertise a low interest rate. But the interest rate alone does not account for all costs of the loan, which is why it’s important to thoroughly review loan documents to make sure you understand the terms of the loan, the interest rate, the APR, and all the fees associated with your loan. How Is APR ..read more

Mariner Finance - May 17, 2023 With multitudes of vendors, an ever-changing guest list, and venues dependent on good weather, what could possibly go wrong at a wedding? If you are making plans for what could be one of the most important days of your life, expecting the unexpected is a good rule of thumb. Having funds available to cover those unforeseen wedding costs may be one strategy to consider. Here are some examples of expenses you may not have planned for: 1. A Change of Wedding Venue Due to Weather A wedding on the beach at sunset or in a lovely garden sounds wonderful—until it r ..read more