When you take out a joint loan with another person, often called a co-borrower, you are taking out some type of financing. You and the other party or parties are equally legally liable for repayment of a joint loan or credit card if your application is approved. On the plus side, a joint loan is …
Thinking About a Joint Loan? Here’s What You Need to Know Read More »
Several more interest rate hikes are expected from the Federal Reserve within the fiscal year, resulting in higher interest rates for new personal loans. If you’re planning to apply for a personal loan soon, you’ll want to read on so you know how to make wise money moves now in preparation for the increase in …
Everything You Need to Know About Rising Interest Rates & Personal Loans Read More »
With Buy Now, Pay Later (BNPL), consumers can make a purchase now and pay for it in the future, often interest-free. Online shopping has made BNPL, sometimes referred to as “point-of-sale installment loans, an increasingly popular payment option. But, while consumers can benefit from BNPL financing, some disadvantages exist and should be considered. How Do …
Should You Take on Multiple Buy Now, Pay Later Loans? Read More »
It is possible to get a personal loan even if you are not a U.S. citizen, although each lender has different eligibility requirements. For that matter, more recent arrivals to the country and the credit history of non-U.S. citizens may make some lenders see them as high-risk borrowers. Due to the extended repayment terms of …
If you’re looking for the best personal loan, you have many different options to choose from. Aside from banks and credit unions, a number of online lenders now offer personal loans — even to people with less-than-stellar credit. And while personal loans can be a good financial move in many instances, you need to properly …
Understanding personal loans is the first step to understanding how to find the best interest rates for your personal loan. Take a look at our articles about personal loan myths, ways to use personal loans, and how to pay back personal loans for some baseline information. Once you decide that a personal loan is right …
How to Find the Best Interest Rate for Your Personal Loan Read More »
High-interest loans are defined as loans with an interest rate above 36%. This interest rate is calculated as an APR (Annual percentage rate), and these high-interest loans can become very expensive for borrowers who may be charged as much as 160% to pay back their loan – on top of the principal loan amount. High-interest …
When you need money quickly and have bad credit, advertisements for no-credit-check loans might seem enticing. While no-credit-check loans may appear to be the perfect solution to your financial issues, there are some critical considerations to take into account. These loans, also known as no-credit-check installment loans, have interest rates that can reach 400 percent …
Travel, family, and leisure should be priorities in retirement. However, many seniors discover that they are not financially equipped to live the retirement they have imagined. Aside from the rising cost of living, retirees may struggle with unforeseen medical bills, home repairs, or other financial emergencies that throw their budgets into disarray. Borrowing after retirement …
Buy Now, Pay Later (BNPL) options are not entirely new. Before the advent of digital payments, stores would allow shoppers to reserve items on layaway, holding the item until the consumer was able to complete all payments for the item. Today, installment options are more flexible than they once were, enabling consumers to make predictable …
Everything You Need to Know About buy Now, Pay Later Read More »
