Just starting out? First job? First apartment? Before you know it you may need your first big loan. Be prepared when that time comes, and have a good credit history established by building credit with a Genisys starter loan!
The Genisys Credit Starter Personal Loan will help build your credit. When it’s time for your first auto loan or your first mortgage you will have proven that you are a responsible borrower by making the payments on your credit starter loan (also known as a beginner loan), on time and consistently. This will help ensure you receive the best rates available.
The Credit Starter Loan is offered to 18-21 year olds with no credit history.
*Annual Percentage Rates (APR) and terms may vary depending upon payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be $88.71 per $1,000 borrowed at 11.74% for 12 months
Navigating the world of finance can sometimes feel like deciphering a complex code, especially when faced with industry jargon. For example, creditworthiness. What exactly does it mean, and why is it such an important measure of your financial health? We’re here to help demystify creditworthiness so you can better understand its significance in securing loans and other financial products.
Read More »
Building and maintaining an excellent credit score should be a top financial priority for every adult. Your credit score plays a significant role in how much interest you pay on loans, whether you’ll be approved for financing, and it can even impact whether you can rent an apartment or land specific jobs.
Read More »
Credit card debt has a way of sneaking up on you. Before you know it, the balances can become a financial burden and a challenge to pay off. This is especially true if you’re managing multiple cards with different balances, payment amounts, and due dates.
Read More »
Now is the perfect time to reflect on our financial habits and set goals for improvement. One crucial aspect of your overall fiscal health is your credit. Your credit score is a critical factor in determining your financial well-being, impacting your ability to be approved for loans, buy a home, or even land a job in some cases. If improving your credit is one of your financial resolutions for this year, we are here to help with some tips to guide you on your journey to better credit.
Read More »
Everyone knows credit scores carry significant weight in today’s financial world. Your score directly impacts whether you’ll be extended credit and how much interest you’ll pay. But it’s not the only factor lenders review before approving a loan.
Read More »
Whether you are college bound or heading into the workforce, there is something all young adults need to know about: your credit score. Think of this three-number score as your financial GPA. It holds the keys to your dreams of owning a car, renting your first place, or even landing that dream job.
Read More »
Society today runs on credit, and that’s not a bad thing. Very few people can afford to pay cash upfront for things like cars, homes, or a college education. Access to credit and loans allows you to achieve major milestones and improve your financial position.
Read More »
An excellent credit score will unlock plenty of financial perks. Loan approvals are much easier, and you’ll qualify for the best rates – potentially saving you thousands of dollars. However, if your goal is to push your credit score over the 800-line, you likely already know quite a bit about this subject.
Read More »
Building and maintaining an excellent credit score should be a top priority for every adult. A good score can create opportunities and generate significant financial savings in our world where loans and credit are commonplace. Everyone from lenders, landlords, and even some employers use your score to gauge your financial trustworthiness.
Read More »
Today’s society relies heavily on credit, which makes your credit score a crucial component of your overall financial well-being. Whether making purchases with a credit card, buying a car or home, or pursuing higher education, credit is generally required.
Read More »
Interest rates across the board continue to rise. It’s a wonderful scenario for savers with Money Market Accounts and Certificates of Deposit. Higher saving yields provide greater earning potential.
Read More »
It’s no secret that having a great credit score is beneficial today. It makes being approved for loans easier and ensures you pay less interest on those financial obligations. But its benefits stretch beyond loans.
Read More »
Your credit score will play a tremendous role throughout your adult life. From determining how much you’ll pay on your car and home loan to deciding if you’ll be approved for an apartment, your credit comes into play. Whether you have a stellar score or life throws you some financial curveballs, it’s always in your best interest to monitor and improve your credit score.
Read More »
Loans are commonplace in our society, and most people will carry a variety of debts during their lifetime. Whether an auto loan or a credit card, debt has the same weight – a monthly bill you must pay back. While it's not always the easiest thing to do, your goal should be to repay your balance as quickly as possible. Doing so can positively affect both your financial and mental well-being
Read More »
It’s no secret that an excellent credit score can impact your financial life tremendously. With it, applying for loans and receiving the necessary funds becomes much easier. Plus, the costs of those loans will be significantly lower. It can also improve your chances of being approved for an apartment and obtaining certain jobs.
Read More »
Did you know that, just like individuals, your business needs a good credit score? Whether you’re thinking of turning your side hustle into a full-time gig or starting a new business, establishing business credit is imperative.
Read More »
While building and maintaining a great credit score should always be a priority, mistakes happen. Some mishaps are more severe than others and can impact your credit rating for much longer. Understanding which items carry more weight on your score will help you avoid them in the future.
Read More »
Debt is something everyone should do their best to avoid. It’s been a wild ride for everyone, but younger Millennials and older Gen Z have been hit especially hard. As a result, debt has earned the reputation of being something to avoid at all costs. But it may not be as simple as that.
Read More »
Credit cards give you the convenience and freedom to shop practically anywhere, either online or offline, at any given time. However, this type of freedom can also create many financial hardships if not managed responsibly.
Read More »
When you work diligently to pay off a credit card, nothing is more satisfying than seeing the balance hit $0. It’s a eureka moment – filled with accomplishment and freedom. And your next desire may be to shred the credit card and close the account. But is that the right move?
Read More »
Credit cards offer one of the most convenient ways to pay for goods and services, especially in financial emergencies. However, it’s crucial to remember that credit cards are indeed loans and must be managed responsibly.
Read More »
Credit cards offer incredible convenience. With just a quick swipe or a linked account, a payment can be instantly processed. It seems like a no-brainer to use that convenience for taking the hassle out of paying bills. But, is it a smart idea to pay monthly bills with a credit card?
Read More »
If you’re struggling with credit card debt, it can feel as though you’re drowning in quicksand. The more you struggle to get out of this high-interest rate debt, the deeper in debt you appear to be. There are things you can do, though, that will help you free yourself, once and for all, from credit card debt. These four tips can help.
Read More »
Your credit score is a number you need to know. This score is a numeric representation of your ability to pay your bills on time and maintain good credit use. Lenders of all types, some employers, insurance companies and others use this score to determine how trustworthy and reliable you are. It pays to do your best to ensure it is the highest it can be.
Read More »
When you start working and paying your own bills, it doesn’t take long to realize that a credit card is a necessary financial tool. You need a credit card to complete many transactions even if you don’t need to go into debt. Plus, without a credit card, your credit score may not be as high as it can be.
Read More »
One of the most persuasive pieces of advice we hear about credit card spending is to limit how much you use them in an effort to reduce debt. In fact, we may even hear advice about paying off all our credit cards and then cutting most of them up until you have one left to use in an emergency.
Read More »
Your credit score is a number you need to know. This score is a numeric representation of your ability to pay your bills on time and maintain good credit use. Lenders of all types, some employers, insurance companies and others use this score to determine how trustworthy and reliable you are. It pays to do your best to ensure it is the highest it can be.
Read More »
Even though it seems strange in this world of autonomy, there are things that still rely heavily on us humans… including what is reported on your credit report. And we know that, as humans, we are imperfect. That’s why it is so important that you review your credit reports from each of the 3 credit reporting agencies once a year to report any inaccuracies that may impact your credit rating. We like annualcreditreport.com for free yearly credit report checking.
Read More »
It’s that time of year again. With holiday spending season upon us, it’s time to broach an uncomfortable subject: how to pay for all that joy and goodwill.
Read More »
The average amount of credit card debt increased 2.4% in 2018 from 2017. The average American carries a balance of $6,506 in credit card debt. Thinking of paying off your credit cards, but not sure where to start?
Read More »
Do you have champagne taste on a beer budget? Or maybe a lender has told you that you’re over extended? Either way, it boils down to spending more money than you actually bring home throughout the year. Here are some of the tell-tale signs of living beyond your means and what you can do to fix it.
Read More »
Life comes at you fast. One day your finances are in order, and then, just after you paid for your dream vacation, your car breaks down, you receive a hospital bill you weren’t expecting, and your refrigerator quits working.
Read More »
You have obsessed over paying your bills on time and have never been late on a payment.
Read More »
Establishing credit while you're in college can help make the transition into post-graduation life much easier.
Read More »
If you have debt, understand that you are not alone. It’s ok to use credit to make purchases — such as a home, furniture, or even a college education — but remember, there is a cost associated with that in the form of interest.
Read More »
If you’ve recently been rejected from a credit application of any kind, you may be looking at a poor credit score for any number of reasons. You may have been late with your credit card payments, have an outstanding judgment against you or have even been defrauded or victimized by identity theft.
Read More »
Your credit score is more than just a number and we’ve all heard it has a huge impact on our overall financial well-being. What makes up a good credit score and how does it really effect the cost of things in the future? It’s really not as confusing as it may seem.
Read More »
Maybe you have inconsistent cash flow and you feel constricted by a budget. Or the thought of keeping cash in separate envelopes takes too much planning and makes you feel like you can’t have a life.
Read More »
So, you don’t have a credit score. Is that an issue? Have you done something wrong? What is the purpose of a credit score?
Read More »
Debt is not necessarily a bad thing -- unless you have too much of it. An overload of debt can ruin your financial happiness for years or even decades.
Read More »
Consumers are increasingly aware of the importance of monitoring their credit. Perhaps you’re one who has used various services to protect yourself from unauthorized use of your good credit.
Read More »
Your credit score has a huge impact on your overall financial well-being. A good score will help you to buy a new car, purchase your first home, or even take travel vacations.
Read More »
When you’re just starting to make your way in life, it doesn’t take long to realize that credit is going to be necessary to financial survival.
Read More »
Understanding your credit score can be confusing. Knowing how to make your score better can also be hard to comprehend, and frustrating.
Read More »You did not plan on it. In fact, you worked to prevent yourself from ever being in this position. One thing happened after another, and now you find that you may not be able to make your car payment. What should you do?
Read More »
For many young adults, their first experience with debt comes when they need to consider loans to finance their education.
Read More »
Every potential homebuyer dreams of the day they’ll finally get the symbol of independence, security and prosperity: the key to the front door of their new home. Whether you’re applying for a mortgage to move into a new home or you need a first time mortgage to help buy your first-ever home, there’s a lot that can go into getting the keys and moving in. Before you get that key, there’s another key you need to master -- your credit score.
Read More »
The lazy days of summer are here, and now is a great time to get a copy of your credit report and go over it with a fine-toothed comb.
Read More »
Do you find your credit card statement a confusing word salad? With so many government regulations required on the statements, the only part of it that’s easy to understand is the “payment due”!
Read More »