Inflation is hurting everyone, but it is especially hard on some seniors. Many retired people are living on fixed incomes and cannot control some important expenses. Medical costs, insurance premiums, and high gas and food prices are making life difficult for so many seniors. Rising interest rates are increasing the cost of borrowing and keeping an unpaid balance on bank credit cards. It can become a vicious cycle, charging expenses, building a larger balance, then paying ever-higher interest rates.
Financial news sources are predicting that interest rates will continue to climb during the coming year. This will mean higher interest charges for unpaid balances on bank credit cards and other debt. How can consumers, especially seniors, avoid falling into this trap?
OurSeniors.Net and Our Senior living magazine are here to help. One of our service-to-seniors partners, BMG Money, has been serving the needs of consumers since 2006. BMG Money is based in the senior-friendly state of Florida, but since its founding, it has grown to offer services in 42 states and the District of Columbia. BMG Money is a solid financial lending and education institution with high marks from rating sources like the Better Business Bureau and Trust Pilot. It carries a 4.9 (out of 5) GOOGLE customer rating.
When a senior is faced with unexpected expenses or financial difficulty, it may be hard to know where to turn for help. This means not only a loan but also financial advice and education. Seniors may not have the knowledge, time or energy to search through the many options found on a web search. Advice from friends or family is well-meaning, but it may or may not be accurate.
BMG Money is there to help with good advice, counseling, and a loan that is both affordable and quickly available. Best of all BMG offers several special programs aimed at retirees. Seniors are sometimes those who need these services most. BMG believes creditworthiness should not be governed by looking only at often misleading credit scores. Visit BMG Money Loans for Military Retirees or Loans for Federal Retirees to find out more.
Here are some great facts that seniors should know about BMG Money’s services and loans:
• BMG Money does not require a credit score in its application process. Unlike many lenders, BMG does not consider FICO scores when considering loan applications. You will not be asked for this information or for permission to check it.
• Applying for a BMG Money loan does not affect your credit score with credit rating agencies or with other lending organizations.
• BMG Money makes loans ranging from 500 to 10,000 dollars with easy convenient repayment options.
• BMG Money loan applications have a higher acceptance rate than banks. They like to say, “When banks say no, we say yes.”
• BMG Money loan applications are both easy and fast. You can start the loan application process online by visiting BMG Money. In many cases, loan offers will be available online in minutes.
• Instant funding is often available. Many borrowers get their loan proceeds deposited in their bank accounts the same day loans are approved.
• A BMG Money loan can help to build your credit history, offering a competitive Interest rate with affordable and automated payments.
BMG’s financial team members have many years of work experience at leading banks and other organizations. They share a goal of helping seniors to borrow responsibly, meet emergency needs, and improve their financial standing. BMG Money is one of OurSeniors.Net’s valued partners. Together we serve the needs of seniors in every way possible.
Thank you for reading the OurSeniors.Net blog and learning about the ways we and our partners serve the needs of seniors. Our website, our senior living magazine and our online magazine for seniors all strive to be the best senior living resources you can find.
