Let’s face it - loans are a fact of life. From school tuition and vehicles to homes and businesses, there are few major investments in life that don’t require a loan to help foot the bill at the beginning. Here we’ll catch you up to speed on the various types of loans, how to get the best rates and, most importantly, the ins and outs of paying them off.
Loans
Under Internal Revenue Service (IRS) rules, taxpayers with active student loans are entitled to special deductions. These deductions apply to the interest paid on the loan in a given year. They help borrowers reduce the lifetime cost of their student loans by putting hundreds of dollars back into their pockets. However, the rules and the […]
6 minute read
Loans
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 […]
8 minute read
Loans
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. […]
6 minute read
Loans
Most people would agree that having a car loan is often a necessary evil. Plenty of people can’t just slap down $20,000-to-$50,000 cash to pay for a new car. Having said that, you don’t have to resign yourself to being on the hook for monthly car payments forever. It’s in your best interest to pay […]
8 minute read