Loans

If you’re getting a bunch of pre-approved offers in your inbox, you may be wondering why. These companies simply ran some basic info about you and have guessed that you are likely able to pay it back. This doesn’t mean you automatically get the loan; you’ll have to take extra steps for that. But, it...

Credit unions are similar to banks but are owned by their members. That’s why when applying for a loan they make a great option because they are nonprofit organizations that pass along earnings to members in the form of lower fees and higher customer service. If you need to find a credit union go to...

Peer to peer lending is an online platform that allows you to borrow directly from an individual instead of from an institution. Peer to peer lending is growing in popularity because it’s a simple process that’s a win-win for borrowers who pay low interest rates and investors who earn high interest rates. You can borrow...

The short answer is no. It’s best to skip borrowing money to buy things that will depreciate such as vacations, cars and clothes. When possible, it’s best to pay cash for cars because when you borrow, you’re paying someone to temporarily use their money. If what you buy with that money goes up in value...

If debt collectors have been threatening you, don’t worry. To get into your bank account, the creditor must get a court order. That means the creditor must sue you, take you to court and win. After a judgment enters against you, a creditor can have access to your bank account. If you owe the federal...

Do you want to pay down your debt fast without going broke? Here are two strategies to try: •Debt avalanche: Here’s how the debt avalanche strategy work: You pick the debt with the highest interest rate and pay that one off first. From there, you work your way down to the next highest interest rate...

A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re willing to shop around. Benefits include: •One monthly payment •A set interest rate •You don’t need a perfect credit score During this process, it’s best...

If you’re looking to build your credit profile while also gaining access to cash, a personal loan is a great option to consider. Agreeing to a personal loan means you get all of your money upfront and have a steady, predictable payment schedule to follow. This is a great alternative because now you know exactly...

It used to be the only way for a collection item to disappear from your credit report was to wait seven years from the date it was first reported. But, now you can do a little bit more. If you want an item removed from your credit report, you can contact the collection agency and...

If you are saddled with debt that you want to pay off, there are a few options available. One of those being, a home equity loan. If you are willing to put your home at risk and have the discipline to pay the money back, this might be a great idea. The advantage to this...