Even if you never plan on borrowing money for any reason, there are certain loan basics that everyone needs to know. As the old saying goes “it’s better to have the knowledge and not need it, then to need it and not have it.” A core understanding of the basics principles and concepts of borrowing…
Common Complaints About Online Lenders
Thanks to the internet, the financial world is wide open for new businesses. Literally hundreds of new financial institutions open up every year, many of them operating entirely online. This has provided a lot of new opportunities, but has also generated a lot of complaints. What are the most common complaints about small lenders? And…
Before You Take an Unsecured Loan, Read This
An unsecured loan is one that doesn’t require collateral. Instead, the lender runs your credit history, checks your financial background, and decides if you qualify. They are the most common kind of loan, because they are the easier to get. But is an unsecured loan the best kind of loan for you?
Seasonal Debt: Getting Rid of that Holiday Hangover
Like millions of other Americans, you probably overspent during the holidays. Don’t panic! Seasonal debt is as inevitable as the Winter winds. The real question is how to handle it, and make it go away as quickly as you can. Credit cards are too easy to use, but much more difficult to pay off. Every…
Online Installment Loan: What You Need to Know
When you use an online installment loan, there are many different pros and cons to it. Financial literacy is more important than ever, so you owe it to yourself (and your bank account) to find out what kind of loan is best for you. The amount of options we have to borrowing money these days…