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The 5 Cs of Credit That Every First-Time Homebuyer Should Know

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It’s easy to get lost in the weeds when applying for a home loan for the first time. The chances are that you’ll get bogged down with the many technical difficulties, before eventually giving up. This is why it’s recommended that you start with the basics. If you want to qualify as a deserving candidate, you’ll have to convince the lender of your creditworthiness.  These 5 Cs will teach you the characteristics that will prepare you for your new financial freedom. 1.  Character Your credit score  is a measure of your character in this scenario. In order to rank high for these metrics, you need to ensure that your credit reports are in excellent shape.  A lender will inspect these reports, which contain information about your credit accounts and transactions.  These accounts can be credit cards, auto loans, student loans, etc. Your credit score will reflect your performance in these reports. In order to have a good standing in these accoun...

Paying Your Bills Online: Everything You Need to Know

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The terms e-commerce, e-banking, and e-bills are products of the internet age. Ever since technology became an indispensable part of our lives, our transactions have not just become easier, but also faster.  The internet has significantly impacted the way customers interact with retailers.  This aspect manifests itself in all forms of online bill payments. Here is everything you need to know about online payment: What are the different modes of online payment? There are a number of ways you can pay your bills online and it largely depends on the bill type. 1.   Online banking:  Most banks today allow you to use your conventional debit or credit account to carry out all your transactions online. These transactions take place through the financial institution’s website or mobile application. If you want to top up your mobile prepaid account, the mobile company should be registered with the bank. If there’s no option for your specific telecom compa...