Loans

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. […]