Even though women on average make less money then men, the number of wealthy females is growing at twice the rate as males. Currently women control about 60% of the wealth in the US, and that number will continue to rise. In other words, female wealth is growing exponentially.
Fintech Loans Redefine the Personal Loan Market
The future is now. The Big Banks have been on the way out for years now. Tired of red tape and over reliance on credit scores, independent lenders have been using technology to redefine the landscape of finance and lending. Fintech loans are the new king of the castle. At first it was just payday…
Best Personal Loans and How to Find Them
Never before in the history of the world has it been so easy to do your own research. Because of search engines, anyone with a computer or a phone has access millions of websites and document. Now everyone can find the best personal loans for their specific needs. But sometimes there can be too much…
Consumer Loans Defined and Explained
What is the difference between consumer loans and all the other kinds of loans? When you stop and think about it, aren’t all loans consumer loans? If they aren’t there for consumers to use, then who are these loans for? Consumer loans are a specific kind of loan. The name is applied by the industry…
Installment Debt Booms, Revolving Debt Drops
Installment debt is starting to make its mark on the American economy. While revolving debt (another way of saying “credit card debt”) continues to decline, more and more people are turning to installment loans for their financial needs. Once you understand the difference between installment debt and revolving debt, you will immediately recognize why this…
Fintech is Changing the Financial World
Although banks used to be necessary for society to survive, now they have become outdated. Buried in excessive regulation and red tape, the big banks have difficulties in providing fast, efficient customer service. The cutting edge alternative to these outmoded institutions is called financial technology… or fintech. Fintech is an industry based around using new…
Installment Loans: The Answer to Payday Loans Horror Stories
Recently ABC News ran a story of small-dollar lending run amock. Elliott Clark, a retired Marine from Missouri took out multiple payday loans, totaling $2500. Over the next five years, he spent upwards of $50,000 to repay those loans. The anecdote, if true, demonstrates how volatile and unpredictable these kinds of loans can be. The…
Installment Loans: A Better Option, a Better Choice
If you have bad credit, if you have no collateral like a house or a car to put up, you might think that your only option for cash is to apply for a payday loan. You may think there is no better choice. Payday loans are custom-made for people who the big banks won’t work…