We think of young people just out of college as having bright futures ahead of them, at the very dawn of their careers, ready to build their fortunes. The reality is somewhat different, with most graduates starting their professional lives with overwhelming debt. The Federal Reserve released the “Report on the Economic Well-Being of U.S.[…]
Everyone needs to borrow money at one time or another for various reasons. You may need it to buy a new car, pay bills or even home improvements. The problem is that if you have a bad credit, it may not be easy to get the funds you need because of the higher risk factor. […]
It would be great if your credit score didn’t matter. Wouldn’t it be nice if it worked like this: You could walk into a bank and ask for a loan – for a car, let’s say. You promise to pay it back. The banker asks you some questions, makes sure you have income, looks you[…]
Unsecured loans are not easy to get but not impossible. This type loan is when you don’t need any type of collateral fo r your loan. This has a lower risk level than a secured loan for the borrower. Before you go out and get one, you need to understand why they’re good and also[…]
Today’s banking industry is confusing and just a tad bit unscrupulous at times. The Justice Department and state regulators are targeting banks all over the country that service a broad range of what they consider questionable financial ventures. While the government’s efforts to weed out bad lenders that engage in fraudulent transactions or violate federal[…]
Let’s say you have found yourself in a financial pickle. The car has unexpected repairs, there is an unexpected death in the family or one of your kids has just called and they are about to get their power shut off and they are begging for your help. These are all very real situations that[…]
With the interest-bearing checking account fading into memory and traditional saving accounts not paying much more interest than the bed bugs under the mattress, many consumers are looking for other places to set aside some money that will earn them a little interest while still giving them access to a few withdraws. A money market[…]
It was Polonius, Shakespeare’s chief counselor to King Claudius in Hamlet that said, “Neither a borrower nor a lender be.” This advice still rings true today when it comes to borrowing money, especially from family and friends. Why shouldn’t we borrow money to friends and family? Because as Polonius answers, “For loan oft loses both itself[…]
To get a payday loan or not – this is a question that tones of people mull over every day. Many, although they could use the help, decide not to obtain a pay day loan because payday loans are often criticized for many issues that are actually misconceptions. Let’s take a look at the top[…]