When Life Gives You Lemons, Get a Personal Loan Chelsea Denning July 20, 2021 Read On In the past, personal online loans developed a bad rep for extremely high interest rates. Over the years, many companies have disrupted the personal loan space with cheap loan options. The rates have become so competitive that some people prefer unsecured loans over traditional options. Here’s why.
Pros and Cons of Using a Personal Loan for Business Expenses Kat Tretina May 5, 2021 Read On If you dream of starting a business or want to expand your side hustle, finding the money you need to make your goals a reality can be difficult. Most business loan lenders require you to be in operation for several years before you can qualify for a loan; if your business is new, you won’t be eligible for a loan.
How to Get a Great Rate on a Car Loan Kat Tretina April 7, 2021 Read On You can save money on your new car by shopping around for a car loan before you buy one. If you’re planning on buying a vehicle, follow these steps to get the best deal.
5 Reasons Why You Should Never Take a 401(k) Loan Kat Tretina August 7, 2020 Read On When you need cash for a downpayment on a home or when you hit a financial emergency, your retirement nest egg can look pretty appealing. You might have thousands stashed away in a 401(k), so when you need money quickly, taking a loan from your own account can be tempting.
How to Get a Car Loan with Bad Credit Kat Tretina June 2, 2020 Read On If you’re new to credit or are trying to rebuild, getting an auto loan can be difficult. Even though auto loans are secured by the car itself, many auto lenders are uneasy about lending to someone with a poor track record.
How to Qualify for a Home Loan When Self-Employed Kat Tretina February 25, 2020 Read On Being your own boss has some downsides, especially if you plan on buying a house. Self-employed mortgage applicants may have a tougher time qualifying for a home loan, and there are more hoops you have to jump through. Here’s what you need to know to buy a home when you’re self-employed.
How Debt Consolidation Can Help You Save Money Kat Tretina December 30, 2019 Read On Overwhelmed with credit card debt? You’re not the only one. According to Experian, the average credit card balance is $6,194. Credit cards tend to have high interest rates — the Federal Reserve reported that the average APR is 16.97% — which can cause your balance to grow over time.
Should I Get a Holiday Loan Kat Tretina December 4, 2019 Read On While it’s a festive and cheery time of the year, it’s also expensive. Many people don’t have the kind of money saved in their bank accounts, leaving them scrambling to pay for holiday expenses. If that’s the case for you, you might be considering using a credit card to finance your purchases. But there may be another option that’s a better choice: a holiday loan.
Using a Personal Loan for Medical Procedures Kat Tretina November 22, 2019 Read On Medical loans are a form of a personal loan. They’re specifically designed to pay for medical expenses, including essential or elective procedures. They’re unsecured, meaning you don’t have to put up any property as collateral, and they can even be used to cover the cost of your deductible or out-of-network fees.
Unsecured vs. Secured Loans: What's the Difference? Kat Tretina October 23, 2019 Read On Taking out a personal loan can help you pay for necessary repairs or major purchases. If you’re thinking of applying for a loan, you may have come across the terms “unsecured” and “secured.” But what’s the difference?
Pros and Cons of Debt Consolidation Loans Kat Tretina October 17, 2019 Read On If you’re determined to pay off your debt as quickly as possible, taking out a debt consolidation loan can make a lot of sense. Here’s what you need to know about the pros and cons of this strategy.
What You Should Know Before Taking Out a Wedding Loan Kat Tretina October 16, 2019 Read On Wedding loans are a form of a personal loan. Lenders designed them specifically to pay for wedding-related expenses, such as the dress, invitations, flowers, and renting a venue.
Co-signers and Personal Loans: What You Need to Know Kat Tretina October 10, 2019 Read On If you have high-interest credit card debt or need money to pay for an unexpected car repair, taking out a personal loan can be a smart strategy. However, it can be difficult to qualify for a loan — and to score a low interest rate — if your credit score isn’t excellent.
Everything You Need to Know Before You Take Out a Debt Consolidation Loan Holly Johnson November 29, 2018 Read On If you are someone who can’t seem to stop racking up more credit card debt, a debt consolidation loan may be exactly what you need. Before you start shopping around for another loan, here’s everything you need to know.
How to Use a Personal Loan to Launch a Freelance Business Kat Tretina October 12, 2018 Read On Many new freelancers and business owners go through the same thing. They have trouble getting the money they need because they’re so new. If you are entering into the world of freelancing and are needing the extra funds to be successful, learn more about how a personal loan might be best for you.
Best Personal Loans for Debt Consolidation Holly Johnson August 23, 2018 Read On If you want to get out of debt this year and know a personal loan could help, it’s smart to compare loan companies to see what they can offer. Read on to learn about the services that offer personal loans with low rates and could help you save money on interest, pay down debt faster, and simplify your financial life.
Money Lessons You Can Learn with a Personal Loan Holly Johnson July 25, 2018 Read On While personal loans have gotten a bad rap, there are benefits that come with taking one out. If you have good credit, personal loans can also come with competitive interest rates that are much lower than you would get with a credit card.
How Entrepreneurs Can Get Financing Without Going Into Debt Kat Tretina July 17, 2018 Read On When it comes to starting a company, the most common sources of funding are business loans, credit cards, and personal loans. However, if you’re saddled with any type of debt, adding more debt to the mix can be risky. Thankfully, there are three ways to get financing for your business without borrowing money.
Which Type of Loan Should You Get for a Home Remodeling Project? Holly Johnson July 13, 2018 Read On Whether you want to redo your kitchen, add a new bathroom, build a room addition, or create a new outdoor living space, your project won’t be cheap. If you are ready to remodel but need to borrow money to bring your project to fruition, here are the loan options you should consider.
What Happens if You Default on a Personal Loan? Kat Tretina May 3, 2018 Read On When you take out a personal loan, you agree to a set monthly payment. It’s a binding contract that you have to meet, or you risk entering default. That might not sound serious, but it can have significant consequences.
Why You Should Refinance Your Car Loan Kat Tretina April 25, 2018 Read On Having less-than-stellar credit, a car loan can be prohibitively expensive. If you have purchased a car with a high-interest loan and your financial situation has improved since then, you might be able to save money. Here’s what you need to know about refinancing and how to decide whether or not it’s right for you.
Should I Use a Personal Loan to Start My Business? Kat Tretina April 20, 2018 Read On When you have a great idea for a business, the biggest roadblock to your success is money. Depending on how much you need to get started, a personal loan may be a good option to consider. But before you fully commit, take a look at this list of pros and cons to make sure it’s right for you.
How and Why to Get a Car Loan Before Going to the Dealership Kat Tretina March 14, 2018 Read On Before you even begin looking for auto loans, there are a couple of steps you can take to simplify the process and make it more stress-free. Check out these 5 ways you can plan ahead and save a ton of time further down the line.
How to Get a Personal Loan With a Credit Score Under 600 Kat Tretina March 12, 2018 Read On Whether you have to pay for an unexpected car repair or need to a loan to cover the cost of a home improvement, a personal loan can be a smart financing option. But, with poor credit, it can be more challenging to find a lender willing to work with you. If your credit score is less-than-perfect, check out these 5 tips to help you find a loan.
3 Times a Short-Term Loan Can Be a Lifesaver Kat Tretina February 28, 2018 Read On There’s a big difference between a real emergency that justifies a short-term loan and a skippable expense. If you find yourself in any of these situations, a short-term loan may be your best bet.
3 Smart Reasons to Take Out a Personal Loan Kat Tretina February 12, 2018 Read On Personal loans are a popular way to borrow because they’re typically easy to get and don’t require any collateral. To help you determine whether you’re right to consider a personal loan, we’ll cover three good reasons to apply for a personal loan, and also a few bad ones.
How to Get a Personal Loan with Bad Credit Kat Tretina January 29, 2018 Read On Whether if you have credit card debt or are facing an emergency and need extra cash, a personal loan can be a useful tool. However, if you have less-than-stellar credit, finding a lender to approve you can be tricky. But, it’s not impossible. Here’s what you need to do to get a personal loan with bad credit.
Using Short Term Loans Responsibly Kat Tretina January 15, 2018 Read On Short term loans have a bad reputation for creating a debt cycle that is difficult to escape. However, if used responsibly, short term loans can help out in an emergency or with an unexpected expense. There are number of options for those seeking short term loan possibilities.
4 Factors to Consider Before Taking Out a Personal Loan Kat Tretina October 27, 2017 Read On I decided to take out a personal loan to wipe out my credit card debt. My new loan had a much lower interest rate, so more of my payments went towards the principal rather than interest. Taking out that loan helped me become debt-free much faster. While a personal loan was a smart choice for me, they’re not for everyone. Here’s what you need to consider before applying for a loan.
5 Clever Reasons to Refinance Your Mortgage (and 3 Reasons Not to) Holly Johnson August 11, 2017 Read On With interest rates near record lows so long that rising rates seem imminent, it’s smart to at least consider refinancing your home mortgage. A lower interest rate could give you plenty of advantages, after all. While loan outcomes vary, lower interest rates can easily lead to lower monthly mortgage payments and interest savings. Under the right circumstances, you could even shorten the repayment timeline for your loan and pay off your home faster.
Mortgage Basics June 26, 2017 Read On Compared to merely renting, financing an owned residence can be quite the monetary commitment. Luckily, through mortgage loans, homeowners can break the total cost of their home into regular payments over the course of a number of years.
3 Key Steps for the Car Buying Process Kirsten Thuringer July 8, 2016 Read On In the car buying world there can be a lot of things that can go wrong. That is unless you take certain steps that, if followed, will hopefully result in a great experience. To help make your car buying experience a little easier, take a look at these following tips.
BIG Investments = BIG Decisions Kirsten Thuringer March 16, 2016 Read On Buying a home can be one of the scariest decisions of your life, but also one of the best. Before visiting with a realtor or starting your house hunting, you need to ask yourself a few questions.
5 Steps to Begin Your Home-Buying Process Camie Sims June 1, 2015 Read On Springtime brings an upswing in home sales - if you’re looking to move, or even purchase your first home, it’s best to get everything in order now before you start the whole process.
Simplifying: Debt Consolidation Camie Sims September 8, 2014 Read On What exactly is debt consolidation? While many may have heard of this term, to a consumer that is new to credit, the whole process can be a bit confusing...
Debt consolidation as a type of Stress Management! Scott Delzer March 10, 2011 Read On When people refer to stress management they usually talk about stress balls to squeeze, getting a massage or taking a pill. When we talk about debt management it means we can’t squeeze another penny out of our pocket for the bills, massage our accounts to work in our favor and there most certainly isn’t a magic wand or pill to solve the problem.
In the market for a new home or refinancing an existing loan? Scott Delzer February 24, 2011 Read On If you are looking to buy a new home or refinance your existing mortgage loan, be prepared as the process may not be as easy as you think. With the unemployment rates, extremely low home prices and foreclosures on the rise, consumers are finding it difficult to get financing.
Alternatives to home equity loans or mortgage refinancing? Camie Sims January 25, 2011 Read On An alternative to a home equity loan or mortgage refinance loan may be a short term loan for some.
Have you heard of Prosper.com, the loans marketplace? Scott Delzer December 23, 2010 Read On Prosper.com offers both lender and borrower loan options.
