Can a High Interest Car Loan Be a Good Thing?

Since you've learned about money, you've probably been instructed to pay as little interest as possible. You're bombarded with car ads advertising no-interest car financing or nearly non-existent rates. But you're new to the credit game or have had credit trouble in the past, so you don't qualify for those low rates. You know this because you've tried! All you qualify for is a high interest car loan. That's not a good thing... right?Maybe it is, and here's why:

How Good People Get Bad Credit

Bad credit doesn't discriminate. Whether you're a recent graduate or a senior citizen, you can experience bad credit. In most cases it's not because of criminal activity or willful disregard. In a vast number of situations, it's simply a mistake or a change in life that sets that ball in motion. And once it starts rolling, it tends to find its way to the bottom of the hill.

How Divorce Can Affect Your Credit

There's a 50/50 chance you've either experienced one, are in the midst of one, or will go through it in the future. Divorce is sadly a common occurrence in today's culture. It's the separation of two partners who decide to live their lives apart instead of together, but it reaches much further than just the home. It isn't often considered how divorce can affect your credit.It's true - it's all too easy for your credit to suffer when you're in the throes of a divorce. Here are just a handful of ways it can occur.