Cosigning Risks: How Serving as a Cosigner Affects Your Credit
Lenders use credit checks to determine if you have a history of repaying your debts on time. If your score isn’t high enough, a lender might request you add a cosigner to your application. But what happens when you have a high credit score and a loved one asks you to help them out and […]
How Interest Rates Work and Affect Your Debt
When you borrow money, you have to pay close attention to your agreement. It contains a wealth of information about your borrowing costs, payment timeline and other terms. One of the most important terms is the interest rate. Learn more about how interest rates work and how they’re likely to affect your finances. What Is […]
What You Need to Know About Bridging Loans
Although personal loans and credit cards have benefits, they’re not right for every situation. For example, it doesn’t make sense to use a credit card with a 29.99% APR to cover inventory costs for your business. Bridging loans offer a convenient alternative, making them ideal for small-business owners and homebuyers. Learn more about this type […]
Using Home Improvement Loans: How to Budget and Plan Your Project
If you’ve watched even one episode of a home renovation show, you know that it’s common for renovation projects to go over budget. For homeowners with unlimited funds, going over budget isn’t much of a problem. They simply spend the extra money to finish the project as planned. However, going over budget can hurt your […]
The Role of Credit Builder Loans: Explained
It should be no surprise that a great credit score can help you in several different ways. It can help you achieve financial stability, secure loans, access favorable interest rates and more. However, for many people—especially those with no credit history or a poor credit score—getting started on the path to good credit can be […]
What Is Student Loan Forgiveness and Who Qualifies?
Most college students carry student loan debt from completing their degree program, and many struggle to repay it. If you are among the tens of thousands of borrowers looking for relief from student loan payments, discover more about the options for student loan forgiveness and how to apply. What Is Student Loan Forgiveness? Student loan […]
Auto Loans 101 – 7 Steps To Securing a Loan
Buying a car is one of the biggest financial decisions someone will make in life, outside of purchasing a home. And the reality is, most people are not buying their vehicles in cash, meaning they will need an auto loan. The loan market can be overwhelming when it comes to choosing the best one for […]
The Dangers of Payday Loans: How to Avoid the Cycle of Debt
When you run out of money before payday, making your payments on time is tough. You need a quick solution to keep your belly full and your lights on. Payday loans seem helpful, but they’re one of the most predatory financial products on the market. Learn more about the dangers of payday loans and discover […]
Predatory Lending Practices: How to Identify and Avoid Them
Finding an affordable loan can seem challenging, especially when you need to borrow money quickly. You must watch out for unfair practices called predatory lending. This is when lenders take advantage of borrowers who don’t understand how loans should work or anyone who is having financial difficulties and needs to find a loan fast. Learning […]
Managing Loan Repayment: 8 Strategies To Keep You on Track
Taking out a loan is a reality for most people at some point in their adult life. Loans can be used for various reasons, such as buying a home, funding education, or starting a business. However, managing the loan repayment terms is crucial to maintaining financial health and avoiding the pitfalls of debt. Keep reading […]
