Tag: FinancialWize

What Is A Credit Reporting Agency?

Credit reporting agencies are an integral part of the credit scoring process. Whether you’re working on repairing your credit, building it from scratch, or maintaining an excellent score, it’s important to understand what these agencies…

The post What Is a Credit Reporting Agency? appeared first on Crediful.

The Negative Domino Effect Of Running Up Your Credit

Have you ever had a situation where you had to utilize a great deal of your credit limit?  If so, did you find yourself in a negative spiral of repercussions for utilizing credit? Here are some things that can happen when your balance starts to rise.

The post The Negative Domino Effect Of Running Up Your Credit appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Source: biblemoneymatters.com

6 Damaging Side Effects of Having a Bad Credit Score

Side effects of a bad credit score

As you make another large purchase against your credit card, inching closer towards maxing out, you might not realize the negative ramifications this activity will have on your credit score. The same goes for making the odd late payment on your hydro bill or car loan payment. Mounting debt that is not paid off in time or in full can have a major impact on your credit score.

A bad credit score can have more negative consequences than you may think

So what’s the big deal about having a low credit score? These days many institutions – from loan officers, to businesses, to insurance companies – look to your credit history before making a move. You could find your low credit score putting you in a position where you can’t get approved for a loan, get a job, or even find a place to live. Here are 6 damaging side effects of having bad credit.

1. Your Loan Applications Might Not Be Approved

Lenders and creditors see borrowers with poor credit as high risk, which means they’ll be less inclined to lend you the money you need. Whether you’re looking for a mortgage to buy a home, or a loan to finance a new car, you might find your loan applications being denied.

2. You’ll Be Subject to High Interest Rates

If you do get approved for a loan, you’ll most likely end up being stuck with a really high interest rate. Since lenders see people with a poor credit score as risky business, they’ll make you pay for it by attaching your loan with a sky-high interest rate. The higher your interest rate on your loan, the more you’ll be paying towards interest rather than the principle over the long run of your loan period.

3. You’ll Be Subject to Higher Insurance Premiums

Even insurance companies check background credit scores. Their claim is that poorer credit scores are associated with an increased number of claims filed. This theory prompts insurance providers to check a person’s credit background. If they find that you’ve got a credit score that’s less-than-par, you’ll most likely be charged a higher premium, no matter how many claims you’ve actually filed.

Do you know the ramifications of having a bad credit report?

Fixing a bad credit score

4. You Might Have a Tougher Time Landing a Job

Many jobs – especially ones in upper management or in the financial industry – have specific criteria that potential employees need to meet, including having a strong credit score. You might find it a lot more challenging to land the job you want because of your bad credit history, particularly if you’ve got exorbitant debts amounts outstanding, or even a history of bankruptcy.

5. Starting Your Own Business Might Be a Challenge

Not only will finding a job be more difficult with a low credit score, but even starting your own business might be a challenge. Many new businesses need the assistance of a bank loan to get started. With a low credit score, banks will be less likely to approve your loan application, even if your business idea is a great one.

6. You’ll Have a Harder Time Getting Approved for an Apartment

Even landlords check the credit history of potential tenants. If you’ve got bad credit, the landlord might be less inclined to approve a lease, and will sign it over to a tenant with good credit instead. Landlords, much like insurance companies and banks, make the assumption that those with poorer credit are more likely to be delinquent on monthly payments, which puts them at a greater financial risk.

The consequences of having poor credit may be a lot more extensive than you may have thought. Your best bet is to do everything you can to get your credit back into shape, which can be done a lot more easily with effective tools like those at Mint.com.

You can quickly and easily put your finances in order, with Mint doing all the organizing and categorizing of your spending on your behalf. By being able to see where all of your spending is going, you’ll be better able to make better spending decisions, which will only have a positive impact on your credit.

Click here for a free trial.

The post 6 Damaging Side Effects of Having a Bad Credit Score appeared first on MintLife Blog.

Source: mint.intuit.com

Rock Legend Robbie Robertson Is Selling His $4.2M Beverly Hills Retreat

Robbie Robertson Beverly Hills HomeGeorge Rose/Getty Images, realtor.com

A gorgeous home in a private, yet convenient, location was an ideal place for the legendary recording artist Robbie Robertson to settle down and let the inspiration flow.

Now the songwriter behind “The Weight” is hoping to offload his prestigious perch. Robertson’s Beverly Hills, CA, home is on the market for $4,195,000.

Robertson purchased this sanctuary in 2012 for $2,676,755, and it’s been remodeled over the past decade. The home now sports a minimalist, modern aesthetic, with clean lines, new finishes, and up-to-date technology.

He first put it on the market in July 2020 for $4,895,000, and has gradually reduced the price over the months since.

Robbie Robertson’s Beverly Hills home

realtor.com

Living room

The legendary musician wasn’t just working on tunes behind the front gates of this private sanctuary.

“Robertson bought this home as an escape to pen what would become his New York Times best-selling autobiography, ‘Testimony,’” says the listing agent, Ben Lee of Coldwell Banker Realty.

Lee also notes the appeal of the home’s setting and central location, high on North Beverly Drive across from Franklin Canyon Park.

“One of Beverly Hills’ best-kept secrets,” he says, “this ultra-private getaway boasts an incredibly scenic landscape, while remaining six minutes from the Beverly Hills Hotel.”

It must have been the ideal place for out-of-town collaborators of the former member of The Band, whether they stayed in one of the home’s five bedrooms, or in the nearby hotel. Guests could also make good use of the eight-car parking area at the end of the long and winding driveway.

The home has high ceilings, an open floor plan, and floor-to-ceiling glass windows and doors. The large windows connect people in the home to the lush canyon foliage and views.

Open floor plan

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Adding to the home’s modern vibe are glistening walnut floors, a floating staircase, and a gleaming state-of-the-art kitchen with stainless-steel appliances, custom cabinetry, and a generous central island with a cooktop.

Floating staircase

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Kitchen and breakfast nook

Sophisticated smart home technology is in place, and, naturally, there’s a professional-grade sound system.

Although the design is modern, the 3,219-square-foot residence has a cozy, inviting feeling, thanks to its four fireplaces. Even the cars stay warm (or cool) in the temperature-controlled garage with quartz flooring.

Deck with fire pit

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Garage with quartz flooring

At least one of the five bedrooms appears to have been used for studio purposes. The lavish master bedroom suite features a fireplace, canyon views, a large walk-in closet, and a deck. The master bathroom has a new steam shower, sunken tub, and still more views.

Studio/bedroom

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Master bedroom

The 1-acre grounds have a retreatlike feel. Outdoor accoutrements include a spacious patio deck made of limestone and Brazilian ipe wood, two fire pits, and a hot tub that flows into a tastefully lit modern pool.

Pool with waterfall Jacuzzi

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Robertson, 77, served as lead guitarist and songwriter for The Band. He penned rock classics like “The Night They Drove Old Dixie Down,” “Up on Cripple Creek,” and “Somewhere Down the Crazy River.”

As a solo artist and composer, he’s also known for musical collaborations on Martin Scorsese films, among them “Raging Bull,” “Casino,” “The Departed,” “The Wolf of Wall Street,” and “The Irishman.”

The post Rock Legend Robbie Robertson Is Selling His $4.2M Beverly Hills Retreat appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Inside Supernatural Star Jensen Ackles’ ‘Very Hip’ Lake House in Austin

If you’re a die-hard Supernatural fan like us, you’re probably still reeling from the show’s finale and coping with the fact that there won’t be any new Winchester adventures for us to follow. But we’re not here to talk about that, but rather snoop into the private life of one of the series’ leading men. More specifically, Jensen Ackles’ house — which we actually think Dean Winchester would approve of.

The actor starring in CW’s longest running show and his wife Danneel opened up their 7,500-square-foot home in Austin, Texas to Architectural Digest, giving us a rare glimpse into the heartthrob’s home and personal life.

As the story goes, the couple was relocating from Los Angeles and initially considered buying a house down the road when they noticed this property (that wasn’t even for sale). But since they fell in love with it, the couple went ahead and asked the previous owners if they’d be willing to sell. And since it’s not easy resisting Jensen Ackles’ charms, they managed to convince the owners so the Ackles’ moved on to the next step –- redecorating the house.

To help out, they hired architect Paul Lamb and interior designer Fern Santini and together they came up with some brilliant ideas on how to best revamp their already-stunning new house.

“It was imperative that the house express the Ackleses — young, bold, and irreverent,” Lamb told AD.

Jensen Ackles’ house, which boasts five bedrooms, revolves around Danneel’s decorating outlook of “more is more is more!” There is a lot of color, texture, a lot of wood work going on to make it look like a lake house and endless decorations with some of the coolest background stories.

Let there be music

In Supernatural, Jensen loves music. Remember his spontaneous Eye of a Tiger outtake? Still fun to watch! There’s definitely more of where that came from in real life, since Jensen did his best to create an amazing acoustic sound in his house.

The living room is scattered with guitars and all across the shag rug lie comfy and colored floor pillows. All this because the couple loves having friends over, sitting on the floor, singing and playing the guitar.

Jensen was excited to talk about one of his favorite features of the house: “The hand-scraped wood floors undulate quite heavily, and we’ve got these giant beams and wood all around that feel like you’re in the hull of a giant ship.” “What that does is it creates an amazing acoustic sound,” he continues. “We’ve always had music in our lives, and we wanted to pass on that tradition.”

Jensen Ackles and his family at home in Austin, Texas
Jensen Ackles home in Austin, Texas. Image credit: Jeff Wilson for AD

Jensen’s kick-ass bar

They’ve taken care of the music, and to complete the ambiance they got rid of the formal dining room (that nobody used anyway) and replaced it with a kick-ass bar.

Placed on one end of the large living room, the bar is made out of black walnut with black and white veined marble. The cabinets were specially made to light the expensive bourbons it holds inside.

jensen ackles bar in his home in austin texas
Jensen Ackles home in Austin, Texas. Image credit: Jeff Wilson for AD

The master suite

There’s a master bedroom swaddled in Trove wallpaper bearing vintage photography of 1920s opera boxes. The wallpaper is covered in sections by Japanese-inspired barn door panels “because sometimes you need an audience and sometimes you don’t”.

 Jensen Ackles home in Austin, Texas.
Jensen Ackles home in Austin, Texas. Image credit: Douglas Friedman for AD

The master bathroom has a beautiful
bathtub sitting in front of a large window that provides a stunning view to the
lake.

The Mr. and Mrs. own two separate counters, because, you know, it just makes things easier in the mornings; and the inspiration for their master bathroom shower came from an Architectural Digest story featuring a steel and glass shower in the home of Neil Patrick Harris.

 Jensen Ackles home in Austin, Texas.
Jensen Ackles home in Austin, Texas. Image credit: Douglas Friedman for AD

Jensen Ackles’ bright, wood-framed home

Thanks to exposed beams, larger expanses of windows, and rich wooden ceilings, the architect managed to simplify and open the spaces. They simply tore down walls to let more natural light into the home.

Jensen’s favorite space is the breezy two-story screened porch that transformed the entire profile of the house; and his favorite piece – a custom long table made using a 2,000-year-old cypress log.

Parents of three

Jensen and Danneel have three beautiful children, so they had to choose the decor and furniture according to their needs as well. It appears that the couple’s eldest daughter would make a great interior designer once she grows up. The six-year-old girl, JJ, helped pick out all her own bedroom decor.

 Jensen Ackles home in Austin, Texas.
Jensen Ackles home in Austin, Texas. Image credit: Douglas Friedman for AD

Unsurprisingly, the kids’ favorite toy is a rolling acrylic table from the ‘50s, placed in the kitchen. Everybody loves a happy kitchen!

 Jensen Ackles home in Austin, Texas.
Jensen Ackles home in Austin, Texas. Image credit: Douglas Friedman for AD

Jensen Ackles’ home is full of hidden gems

The actor’s house is a personalized, eccentric, yet highly livable place. It was designed to resemble the Laurel Canyon bungalow the couple had once lived in and it’s a testament to the old school, Austin-style lake house.

The space is filled with all kinds of eccentric and eclectic objects—some useful, some decorative, some both. The decorations could be found in abundance in Austin during its bohemian period (the Ackles’ are active supporters of local art), as well as in late-60s California.

More beautiful celebrity homes

Rob Lowe’s Gorgeous House in Montecito is Back on the Market for $42.5 Million
Luxurious Malibu Estate Previously Owned by Kelsey Grammer On the Market for $20M
‘Hunger Games’ Actor Josh Hutcherson is Selling His Celebrity-Magnet “Tree House” in Hollywood Hills
Jessica Alba’s Los Angeles House is a Pinterest-Perfect Dream Home

The post Inside Supernatural Star Jensen Ackles’ ‘Very Hip’ Lake House in Austin appeared first on Fancy Pants Homes.

Source: fancypantshomes.com