Private Student Loan Rates: January 23, 2024—Loan Rates Jump Up

The average interest rate on 10-year fixed-rate private student loans rose last week. For borrowers pursuing private loans to fill in gaps to pay for higher education expenses, rates remain relatively low for borrowers with solid credit. According to Credible.com, from January 15 to January 20, the average fixed interest rate on a 10-year private student loan was 8.07%. It …

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Divorce and Your Mortgage

The reality is about half of all marriages end in divorce, a shattering experience that forces partners to divide assets and debt. Things can get really complicated, especially when mortgage loans are involved. Many couples, especially those with two incomes, often have no choice but to sell their homes, pay off their loans and split the remaining money. Others opt to …

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401(k) Loans: Reasons to Borrow, Plus Rules and Regulations

Taking a 401(k) loan means borrowing money from your retirement savings account. It’s often seen as a negative route to take since it means depleting the money you are saving and investing for your future. But, when taken in the right way—usually up to $50,000 can be borrowed and it must be repaid—your retirement savings should not be negatively impacted. Learn …

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9 Tips for Buying a Car From a Dealer

Negotiating at a car dealership is a big part of getting the best deal. But not many people like negotiating – it can get emotional, and the confrontation is real! Plan out buying a new car to avoid making common mistakes that result in excess debt (like rolling over the loan balance on your current car to your new loan …

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Paying Extra on a Car Loan: Is It the Right Move?

If you have the means, it can make a lot of sense to pay extra on your car loan payments, especially because it can lead to paying off your loan early and saving money! But depending on your financial situation, it may make more sense to put that money toward building your savings or paying other expenses. We’ll help you …

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10 questions to ask before taking out a personal loan

Personal loans can provide an affordable alternative to credit cards and help you finance life’s big purchases while saving on interest. Personal loans are growing in popularity: As of the third quarter of 2023, roughly 23.2 million borrowers in the U.S. owed a total of $241 billion in personal loans, according to online lending marketplace Lending Tree. While that’s far less than we’ve taken out in …

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5 Ways To Save on Interest on Your Loans

If you are shopping for a loan or you want to find lower interest rates on your current loans, you can use these strategies to help you save money on your loans. The lower your interest rate, the less you will spend on interest, but it can also affect the total payment amount and how long it takes you to …

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Best crypto loans FAQs

Here are some frequently asked questions about the best crypto loans and best crypto lending platforms available on the market today, so you can quickly identify your top pick. Can I get a crypto loan without collateral? You may be able to get a crypto loan without collateral. Platforms like Aave and Atlendis offer uncollateralized crypto loans that can act as a revolving line …

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Cash Advance vs. Payday Loan: Pros and Cons

When emergencies pop up and you need cash, you may consider a cash advance or payday loan. Both options provide short-term funding that can help you handle the costs, but there are some major differences in the way these loans work. Whenever you take out a loan, it’s important to consider all the factors that may impact your decision. Think about things such …

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Can You Pay Student Loans With a Credit Card?

You can’t lean on your credit card in a pinch to pay federal student loans directly, but you may be able to use a credit card for private loans. That could be handy if you need some payment flexibility or want to earn credit card rewards. But when you use a credit card to pay student loans, you will face fees …

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How Do Pawnshop Loans Work?

If you need cash right away and you own something of value, you might consider taking out a pawnshop loan. These secured loans are relatively quick and easy. You’ll head to a pawnshop and bring your property as collateral in exchange for cash. But a pawn loan is different from other types of debts because you’re not obligated to repay it, as …

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5 Costly Debt Consolidation Mistakes – and How to Avoid Them

Debt consolidation can help you save money on interest and get out of debt faster, but it doesn’t always work as planned. In a recent survey of consumers who have borrowed a debt consolidation loan, more than a third regret doing so. Nearly as many say their finances haven’t improved since they consolidated their debt. Here are some of the most common …

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Moving Loans: Everything You Need To Know

Whether you’re renting a truck and doing the heavy lifting yourself or hiring professionals, moving costs can add up quickly, especially if you’re moving a significant distance. Moving loans are commonly floated as a way to help people finance relocating. But what exactly is a moving loan? Should you consider getting one? We’ll explain what moving loans are, their strengths …

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How to Get an Emergency Loan

Emergency loans are a type of personal loan that offers fast funding when you need a quick infusion of cash to cover an unexpected expense. Common reasons to consider an emergency loan include car breakdowns or home repairs that need to be fixed immediately. Although borrowing money always comes with a cost of interest, emergency loans, which are a type …

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How Do Lenders Look at Your Credit?

If you’re in the market for a new loan or credit card, it’s important to first answer two questions: “How does a lender use a credit report?” and “What do lenders want to know about you?” Knowing the facts about what’s important to lenders is the first step to getting the best rate on a loan. We’re here to lend you some …

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