Personal Finance Options For People With Bankruptcy and a Bad Credit History

Subprime and bad credit lenders have a variety of personal finance options available for individuals with past bankruptcies. To begin with, you can check with your local bank or credit union whether it offers bad credit loans. You can also search on the internet for bad credit lending houses that offer loans and personal finance options.

However, do bear in mind that the risk of lending money to people with bad credit ratings is high, and therefore, the interest rate that the loan companies charge for loans is at least 4% higher than the typical prime lending rate of banks.

Here are some things you need to bear in mind if you are looking for a lender to help you out:

1. Consider a number of sources before you sign up for a loan; do not accept the first offer that you get from a subprime lender.

2. Read and understand the entire loan agreement carefully, especially the repayment schedule, as well as check whether you can really afford this loan. The loan details may be wonderful, but if your pay check does not give you the cushion to take the loan, re-consider your decision before you sign the agreement.

3. Further, learn everything about the other “hidden” charges such as transaction fees and application fees that the loan will entail. Ensure that you clarify all the details regarding the loan agreement with the lender. Especially, if there is a certain part that you do not understand, ask your loan agent to explain it in detail.

If your credit history is bad or if you have undergone a bankruptcy, it may become a little difficult for you to obtain a loan. Some lenders and subprime loan providers require additional security and may charge higher interest rates, but they will certainly be able to help you. Just spend some time and effort on conducting a thorough research to find the right personal finance option from a bad credit lender that maximizes your chances of sailing through the bad financial times.

Pros and Cons of Finance Software

There are pros and cons to every type of software. Software programs are designed to help individuals complete tasks without having to hire a professional. One of the most popular types of software is financial software – particularly tax and accounting software.

While the benefits of using financial software compared to hiring a professional significantly outweigh the disadvantages, there are some risks involved, especially if you’re not familiar with the software you’re using.

Below you will find a list of the pros and cons associated with financial software so you can make an educated decision:


There are many benefits to financial software. Primarily, finance software allows an average individual to take their finances into their own hands. People who choose to file their taxes using online software will find it more accessible than calling or emailing your accountant to find your data. They will also find comfort in knowing that the data is automatically saved on the file servers (ie. you won’t lose your information). The other benefit of finance software is the cost. Most software programs will be free or low-cost and will save you a significant amount of money compared to hiring a professional.


Some of the disadvantages of financial software include the fact that this type of software (like most) are not immune to hackers, meaning there is a small chance that your information could be stolen or compromised. Another downfall is the fact that the software often relies on an internet connection and if you don’t have one or you lose the connection while you’re working, your data could be deleted. In addition, if you’re working with an online software program or business and the company is no longer running, you may lose your history and all of your data. To help prevent this from happening we suggest looking for software which allows you to download your data into a CSV file and save it to your hard drive.