Loans are notorious for their paperwork, and the larger the loan, the larger that stack of documents you have to review and sign. Many financial institutions have a loan officer, to work as the primary contact for anyone looking to borrow money. Do you need a loan officer? What do they actually do? Read on…
Loan Help is Hard to Come By
In response to the recent lurch in the economy, loan help is harder to come by than ever before. When it comes to unsecured, or personal, loans, many lenders are changing the rules to make it harder to borrow money. If you need a loan during a pandemic, where can you turn? Good Loans are…
Interest Rates and Risk: What You Need to Know
Everyone knows what interest rates are, right? It is the amount, usually a percentage but sometimes a flat fee, that you pay to borrow money. It costs money to borrow money, and interest rate is that cost!0 There are different interest rates for every type of borrowing: mortgage rates are different than car loan rates,…
Electronic Transfer of Funds is Faster than Cash
Credit cards are not fast enough. Cash is not fast enough, either. And when it comes to writing a check? Forget about it! Electronic transfer of funds is virtually instantaneous, and without question the fastest way to move money around. It doesn’t matter if you are paying or getting paid, using electronic transfer is the…
Smaller Loans Can Make Life Easier
It may not make a lot of sense at first, but it’s much easier to find bigger loans than smaller loans. Getting a loan for a few hundred dollars is much more difficult then you would think, especially compared with getting approved for a car loan! A cardinal rule of finance is never borrow more…