Picture this: You’ve put significant effort into maintaining an exceptional credit score, thinking it’s the ticket to getting a loan when needed. But when the time comes to apply, you encounter unexpected obstacles. Yes, your credit score is important, but it’s not the only piece of the puzzle.
Everyone needs access to extra cash from time to time. Whether it’s an unforeseen medical bill, a sudden car repair, or simply the desire for additional spending money during your vacation, having extra cash on hand is always welcome. If you’re looking for a practical solution, consider skipping a loan payment.
Few people can afford to pay cash upfront for things like cars, homes, or a college education. Access to credit and loans allows you to achieve major milestones and improve your financial position. However, with such easy access to credit, many find themselves over-relying on it. While eliminating debt can often feel impossible, many are surprised to learn they have more control over the situation than they believe.
When it comes to borrowing money, there are a variety of loans available. You’re probably familiar with most options – from car loans and home mortgages to credit cards and student loans. But have you ever heard of a share-secured loan? If you answered no, you’re not alone. Share-secured loans aren’t the most common type of loan today.
Sometimes you need quick access to money. The car engine light came on. The refrigerator is on its last legs. You’re facing a reduction in hours at work. Unplanned expenses and financial hiccups pop up regularly. While payday loans might seem like a quick fix in a pinch, other, more affordable alternatives are available.
Interest rates continue to rise. It’s great for savers - higher saving yields provide greater earning potential. However, it’s an entirely different story when loan rates are also increasing – especially if the interest rates on your loans are variable. Sudden jumps can derail your budget instantly if you’re not prepared.
On December 31, 2022, the administrative forbearance for federal student loans is set to end – meaning loan payments will resume in 2023. For many borrowers, this is causing panic and stress. Before your student loan payments resume, review the following tips to ensure you’re financially ready.
Loans are commonplace in our society, and most people will carry a variety of debts during their lifetime. While it's not always the easiest thing to do, your goal should be to repay your balance as quickly as possible. Here are six tactics to help you pay off debt sooner.
Like most people, you probably receive loan offers regularly in the mail or via email. You may have also noticed that some of these solicitations reference being “pre-qualified,” while others say “pre-approved.” These terms seem similar, but they actually have two separate meanings.
Before the sticker price of rings sends you into a full-blown panic attack, remember there are financing options available. While you want nothing more than for your partner to love their ring, you also don’t want to completely derail your finances in the process.
