Loans

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...

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...

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...

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...

Wells Fargo announced on Monday that it has put a cap on the amount of money it will loan to subprime borrowers. As reported by CNBC, according to execs, the San Francisco-based banking giant “is limiting the dollar volume of its subprime auto originations to 10 percent of its overall auto loan originations.” Last year,...

As driverless cars continue to become more and more of a reality, experts suggest that we could eventually see auto insurance rates begin to drop. A recent study by RAND Corp. found that the increased safety benefits from self-driving cars – which promise to come with a reduced risk of accidents – are likely to...

When you’re in credit card debt, you may be searching for a way to get out of it fast. The option of a payday loan might come to mind. The purpose of a payday lender is to offer a solution for short term emergencies. They aren’t meant to be a long-term fix for credit card...

For those who have borrowed student loans and were worrying about debt accumulating during the pandemic, fret not. There are some measures in place that might help you breathe a sigh of relief: Payments and most collection methods will be suspended through September 30. Suspended loans will still count toward forgiveness. If you want to,...

Right now, Covid-19 is wreaking havoc on many people’s lives, leading to a jobless rate of 14.7% and approximately 5.4 million people without health insurance. The options for better health insurance isn’t exactly cheap (COBRA, Medicare, Medicaid), which is unfortunate for those who are already suffering.

Small business owners are now in the unfortunate position of needing to reassess their businesses so they can survive the post-lockdown world. This will mean looking at everything from accounts payable to inventory to payroll to rent to see if it’s all still sustainable. And if not, it’ll mean making more sacrifices to survive. Luckily...