A debt relief strategy involves reorganizing debt to provide some respite to the indebted party, whether partially or fully. For example, you can reduce your outstanding principal, lower your interest rate on loans due, or extend your loan’s term to obtain debt relief. Creditors may consider debt relief only if default repercussions are so severe …
Applying for a personal loan may seem daunting if you are a first-time borrower. For example, you might think it involves a long process and high-interest rates, or that securing a loan requires provisions of collateral. Maybe you’ve heard horror stories about unscrupulous lenders and ridiculous payment terms that have deterred you from getting the …
Most American families (77% of households) carry some type of debt, with the average amount of debt per U.S. adult landing at $58,604. So why not start off 2022 by making smarter financial choices with the help of a personal loan? Let’s take a look at four ways you can use a personal loan to …
4 Financially Intelligent Ways To Use Personal Loans in 2022 Read More »
As the name implies, the reasons why people take out these types of loans are personal. It may be a way to finance a large project or make a big purchase that requires a large upfront investment that you may not have available in cash. In other cases, personal loans can be used to consolidate …
When life happens, things can get expensive. Without an emergency fund, you may need to look for external resources for borrowing money. There are a variety of ways to borrow money, but it’s important to choose the right method for you and your unique circumstances. Here are five ways to borrow money. 1. Personal loan …
