How Can I Avoid Student Loan Default?

Defaulting on your student loans will damage your credit, since late payments stay on your credit report for seven years. If possible, it’s important to avoid entering default in the first place. To keep your loans current, follow these tips: 1. Opt for an Income-Driven Repayment Plan If you have federal student loans and are having trouble affording your monthly …

Read More »

How To Get an Auto Loan With No Credit

Whether you’re buying your first car or looking for an upgrade, you may need an auto loan to get behind the wheel. A lender will use a borrower’s credit history and credit scores to determine how reliable they are at repaying debt. Without that history, it’s harder for lenders to determine creditworthiness. However, lenders can look at more than credit history to …

Read More »

What is a crypto loan?

A crypto-backed loan allows traders to receive liquid funds without selling their cryptocurrency. Instead, they use their digital assets as collateral for a cash or stablecoin loan. Individuals may choose to take out a crypto loan instead of selling because they expect their crypto asset’s value to increase or because they want to hold the asset long enough to avoid …

Read More »

Everything You Need to Know About Collateral Loans

When you need cash for a major expense, it might be tempting to max out a credit card. But you have other options that aren’t as likely to harm your credit or put you in a cycle of debt – even if your credit isn’t all that great. Collateral loans could be a way to borrow the money you need. Here’s …

Read More »

How Long Does It Take To Get a Personal Loan?

Personal loans can be used for almost anything, making them a popular option for those who need extra cash fast. But just how quickly can you actually get a personal loan? Usually, personal loan applications are approved or denied within a few business days, with the funds being released shortly after. Some lenders even offer the potential for same-day approval …

Read More »

How to Avoid Bank Overdraft Fees

What are the options when you need to make a purchase but your bank account is too low? If you use a debit card, you might have some sort of overdraft protection or automatic overdraft feature on your account. Bank overdrafts may be a convenient feature, but they typically come at a steep cost. Read on to learn about alternatives and options …

Read More »

What You Should Know About Deferments

Financial hardships can happen. And when they do, you could find it difficult to make your monthly loan payments on time. Lenders may be willing to talk to you about a payment option called a loan deferment. But before you agree to defer a payment with a creditor, it’s important to understand the pros and cons of this payment arrangement. …

Read More »

7 Misconceptions About Payday Loans

Payday loans are infamous. Everyone knows about them, but there are still a lot of misconceptions about them. They are commonly seen as a bad choice for your savings and for your credit report. But, with new technologies, a great variety of lenders, and the ability to take out short-term loans quickly, the common misconceptions of today could not be …

Read More »

Types of Bad Credit Loans

Finding an affordable bad credit loan can be a challenge, but there are plenty of options. Diligence will be rewarded. The loan could come from your regular bank, but more affordable interest rates and flexible qualifying requirements probably can be found at these options: Credit unions Family or friends Find a co-signer Borrow from the equity in your home Peer-to-Peer …

Read More »

What happens if you default on a personal loan?

Defaulting on a personal loan will trigger a red alert for your finances. Whatever circumstances put you into such hardship, your financial health will be at serious risk. It’s worth taking some time to consider your next move. Here’s what to expect if you are about to default on a personal loan — or are trying to avoid defaulting on a personal …

Read More »

Applying for a Loan Online vs. In-Person: Which Is Better?

From movies to groceries, you can get almost anything you need online from the comfort of your home. But there are advantages to doing things in person. A 70-inch flat-screen still isn’t as big as the silver screen of the movie theater, and there’s quite a difference between hand-selecting your own produce and letting a personal shopper pick it for …

Read More »

What Is Student Loan Refinancing?

Student loan refinancing lets you combine multiple loans into one, thereby simplifying repayment. You’ll work with a private lender that pays off your old student loans and issues a new one in their place. There’s typically no fee to refinance student loans, but you’ll need to meet the lender’s requirements for credit and income. If you have strong credit (or …

Read More »

What to know about getting a personal loan with a co-signer

A co-signer is someone who agrees to repay your debt if you default on a loan or miss a payment. If you’re having trouble qualifying for a personal loan or want a better chance of receiving a lower interest rate, applying with a co-signer (if one is available) could help. Co-signers are common when the borrower struggles to get approved for a …

Read More »

First-Time Car Buyer Loan Guide

A car loan can get you on the road if you don’t have the cash to buy your first car. Buying your first set of wheels can be exciting, but it can also feel overwhelming. And if you walk into a dealership unprepared, it’s easy to spend more than you should. The car buying process doesn’t have to be daunting. …

Read More »