Finance

6 Types of Credit Scores and Their Ranges

Credit scores exist to make decisions easier for lenders such as banks and credit unions by helping them establish a borrower’s creditworthiness. A credit score can be defined as a numerical expression generated from information from a person’s credit files (credit report), sourced from credit bureaus.

The lenders use the credit score to determine who qualifies for a loan, who is most likely to bring in the most revenue and also to evaluate how much of a risk they are taking by lending to a person. There are various types of credit scores, which generally range from 300 to 850 points and are used by credit bureaus to evaluate a person’s worthiness to receive credit. A bad credit score may mean your loan options are severely limited.

To help you understand more, below are six different types of credit scores and their ranges:

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Transportation

7 Maintenance Tips for Your Electric Bike

Electric bikes are the latest eco-friendly trend, and they are becoming more and more popular due to their ease of usage and practical benefits, especially for those living in the city. Electric bikes consist of an electric motor as well as a pedalling system, so if the battery runs out, you’re still able to move around on the bike without too much trouble. The batteries are also rechargeable, meaning you can often plug your bike in when you get to your destination so it’s ready for your successful return journey.

However, e-bikes do need proper care and, if they are not looked after properly, this can result in trouble, including accidents or irreversible damage, which will cost you more money than the original purchase in the end.

Here are some tips for taking care of your new investment:

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Family

5 Types of Retirement Communities for the Elderly

Your parents need a new place to stay – a place where they can relax, express themselves, and live in comfort. There are many options in Canada that can cater to the needs of your aging family members. When choosing a place, you will have to consider your family member’s needs. Do they need specialized care? Do they require some form of assistance from trained staff or a nurse?

These are all factors to consider when you are browsing for a living facility for your parents, grandparents, or other family member. Here are a few types of retirement communities you can choose from:

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Technology

5 Common Technology Problems Detected By A Security Assessment

It seems like an almost daily occurrence that the media is reporting on some type of IT security breach in recent years. These events are becoming more common because, in short, security is cracked more frequently as technology grows more complex. Aside from the reported instances of breaches, there are countless unreported security breaches on a daily basis, many of which are rather insignificant, but some of which are substantial and worthy of concern.

Security assessments often focus on system management, but it’s not uncommon for experienced professionals to expand outward in order to identify possible problems. In order to better understand what an assessment team looks for, below we’ll look at a few of the more common ways systems become compromised.

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Finance

9 Popular Types of Audits for Businesses

Have you ever been a part of an audit? If so, then you know the headaches involved. If not, then just you wait until you are a part of one. It can turn a business – large or small – upside down and wreak havoc on your corporate reputation, even if the process and results are benign. However, not all audits are equal; there are various categories of audits for different things. Some of them are not too big of a deal, and a few of them will make you want to crawl into a hole.

No one will argue the fact that audits can turn your company upside down. The very word audit can send shivers up and down your spine. It triggers nightmares among company owners, executives, and anyone who handles the books. However, certain types of audits are useful in not only catching unscrupulous individuals and schemes, but also in improving your operations, remedying mistakes, and instituting fairness.

For the most part, the different types of audits can serve as checkups. It is the audits led by the government that can induce headaches since the state has infinite resources to make your life a living hell. Let’s hope that with tax season around the corner, you do not need to bite your fingernails.

Here are the nine popular types of audits for businesses:

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Finance

5 Ways to Rebuild Your Credit Rating After Declaring Bankruptcy

Financial ups and downs are a part of life for the majority of people. There will be times in your life where you may be feeling pretty secure and able to cover all your expenses comfortably, then there can be those times where money is extremely tight and you end up falling further and further in debt. Whether from a loss of a job, an illness, unexpected expenses, or some other reason, you may even find yourself in the position of having to declare personal bankruptcy.Continue reading

Business

8 Home Office Setup Ideas to Inspire Productivity

More people are working from more than ever. Either as full-time employees with telecommuting flex time or self-employed freelancers churning out dozens of articles a day, the home as turned into an office space.

Rather than sit in the corner on your kitchen table or park yourself on the living room sofa in front of the television, you should devise a home office, one that will stimulate your little gray cells and inspire productivity.Continue reading

Transportation

6 Electric Bicycle Safety Rules to Follow

Electric bicycles or e-bikes are popular, especially among the elderly. This is apparently due to their automation features, which make them easy to use. The e-bike features a small motor that not only relieves traditional pedaling but also fully automates propulsion. These bicycles usually give the rider a scooter-like experience.

Other bikes offer a green pedal mode, but with an e-bike, this mode is optional. Some of these bikes can reach a maximum speed of 30 mph; this is quite impressive for a bicycle. To get the most out of an e-bike, there some basic safety rules you should follow. Here are some of these electric bicycle safety rules:Continue reading

Finance

5 Explanations About Mortgage Rates and Common Mortgage Terminology

Understanding mortgage rates can be slightly intimidating, especially since you’re dealing with such big numbers. However, it’s important to remember that the basics stay the same as any other transaction that involves interest paid on money lent.

When it comes to mortgage terminology, the most common question that people ask is: “What is a mortgage rate?” The mortgage rate is the cost that the lender charges you for borrowing money for your home loan. In layman’s terms, it works exactly the same as a car loan or the interest paid on credit cards.

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