Loans

President Biden recently announced a student loan relief program, forgiving up to $20,000 in federal student loan debt for eligible borrowers. Unfortunately, scammers are targeting those with student loan debt before the legitimate program rolls out. That’s why the FTC issued a consumer alert, warning people that criminals will likely exploit the news to take […]

Life is often unpredictable — and expensive. There’s no shortage of things that can randomly pop up and put immediate strain on your short-term budget. Ideally, you have some sort of emergency fund for these unexpected expenses. Or at least access to something like a credit card or line of credit. The interest charges associated […]

Do you have any equity in your vehicle? If you do, you might be surprised to know that it can be an unlikely source of money. An auto equity loan is a relatively new financial product. In fact, we didn’t even know it was a thing until recently. However, after looking into it we realized […]

No money down auto loans help borrowers to finance vehicles without any out of pocket outlay. They are usually favored by consumers with good credit scores who don’t want to overcommit their cash. Some providers specialize in providing them as financing solutions to people who don’t meet conventional loan requirements. There’s little doubt that no […]

What’s the right car to buy this year? The answer depends on what you need it to do. With this in mind, we’ve rounded up 12 vehicles that stand out in different ways. We’ve also kept varying budgets in mind, so MSRPs range from $19,610 to $107,595. Find outstanding options whether you want an SUV, […]

TSP loans are specialized loans designed for employees of the United States federal government. They offer federal employees access to a unique loan class that uses their retirement plans to finance their borrowing needs. Financial advisors often liken them to the 401(k) loans available to members of the general public. Yet, TSP loans differ from […]

When most people think about loan sharks, it conjures images of shady gangsters from mob movies. You know, the guys who start breaking the legs of people who owe them money. This depiction is not really accurate. While loan sharks do exist, they rarely have anything to do with organized crime. Violence is seldom part of […]

When processing applications for standard personal loans, financial institutions normally perform credit checks. This usually involves what is known as a “hard pull” of your credit file, which makes your score dip. Thus, the very act of applying for a loan can hurt your credit, regardless of whether you’re approved in the end. No credit […]

A credit-builder loan is exactly what it sounds like. It’s a type of loan that is designed to help increase you credit score. With a credit-builder loan, you actually pay the lender in equal monthly installments. The money is then deposited in a savings account for you. During the process, the lender reports the monthly […]

A bridge loan is a short-term loan used by an individual or a company. It’s a temporary measure until they can secure permeant financing for a home or other large purchase. Bridge loans are quite common. They allow users to meet current obligations by providing immediate cash flow. However, bridge loans are short-term in nature. […]