A credit report is a summary of your financial details that help establish your creditworthiness and ability to pay your bills on time. Credit reporting companies usually collect and store the financial data of people every time they interact with their money. This is information is sent to these credit bureaus, also called consumer reporting…
Mortgage refinancing can be a great way to save money on your monthly mortgage payment, or to get cash out of your home for other purposes. But it’s not right for everyone. In this blog post, we will explain what mortgage refinance is, and how it works. We’ll also discuss the pros and cons of…
One of the main elements of preparing for college is putting your finances in order to pay for college tuition and manage other personal expenses. Students pay for college using federal grants, scholarships, work-study, college savings, payment plan, and students loans or a combination of either. For students exploring the loan options, there are several…
When you have many debts, taking another loan may sound like an unwise idea. However, this may be your recipe out of the debt trap. This is where debt consolidation comes into play. It involves taking a new loan to pay off your old debts. The consolidated new debt usually comes with reduced interest rate….
A payday loan is a short-term, high-cost personal loan that can help you get through a tough financial situation. Also called a cash advance loan, this type of financing is designed to be repaid on the next pay day. Keep in mind that payday loans are unsecured loans, meaning you don’t need to put up…
Thinking of taking out a student loan? Well, this is going to have an impact on your credit score depending on how your repayment obligations. A student loan will have a positive impact on your credit score if you pay as agreed. The loan will leave a dent in your credit score if you delay…
With the current housing market being as hot as it is, many people have decided that a mortgage refinance may be the best option. Many mortgage refinance companies in the United States strive to earn your business. But which are the most reliable mortgage refinance companies? With so many choices, here is a list of…
The best mortgage lenders for you will be those who supply your mortgage when you need it, without unnecessarily raising the interest rate, and will give you good loan terms. You’re undoubtedly spending too much if you’re not currently doing comparison shopping for lenders and brokers who agree to charge you a reasonable lenders fee….
The Federal Reserve announced a 0.75% increase in the target range for the federal funds rate on the 15th of June 2022. This means that consumers can expect an increase in interest rates across all types of loans including personal loans over the coming year. Market analysts largely anticipated the hike, but it still comes…
A personal loan may be the answer when you need money for a significant expense but don’t want to dip into your savings or take on more credit card debt. Personal loans are unsecured loans that you can use for nearly anything, making them a versatile option when you need cash fast. Like any other…