There are so many different types of loans for borrowers to choose from. Loans on cars, debt consolidation loans, payday loans and personal loans to name only a few. Some are also referred to as installment loans in which the borrower pays back to the lender on a monthly basis. Personal loan vs. Installment Loan[…]
Everyone wants to win the lottery, and the latest $1.5 billion Powerball prize even had people in China buying their tickets through online brokers. The dreams are big when it comes to that much cash, but the Wall Street Journal was a little more realistic about them: The chance of winning the biggest prize in[…]
The holiday season speaks retail to nearly every consumer, but the truth is we’re not all shopping for gifts and decorations, and we experience the season at different lifecycle stages, from different faith or cultural perspectives, and with different economic situations and goals. One thing in common is that most of us are doing a[…]
We released the first of MoneyLend.net’s series of educational infographics today, with our new guide to financial literacy. We are constantly seeing “finance gurus” that charge big money for common-sense (and sometimes not so common-sense) advice, and there is a misconception out there that you have to take expensive courses, buy a fifty dollar book,[…]
The Apple Watch may be this season’s retail holiday trend – at least that’s what IBM Watson thinks – but it doesn’t take artificial intelligence or a supercomputer to identify one sure thing: Shoppers need money, and that’s true if they’re taking cash to the store on Black Friday or gravitating to mobile money. Where[…]
As technology advances, so does the way we pay for goods and services. With advancements in wireless technology, such as near-field communication, people are finding that paying for items can be just as easy as running their phone over a merchant’s payment system. In some cases, you might be prompted to do a fingerprint scan,[…]
An interesting new tool created by the New York Federal Reserve delivers insights about consumer credit from a slightly different perspective than we’re used to – because the data isn’t just about your own personal credit in isolation, but how the way you use credit affects your community’s resilience. The Community Credit project looks at[…]
In this first of a series of blog entries on budget building, MoneyLend.net takes a look at the food budget, drawing guidance from the USDA on how much to spend. Outside of housing costs, the biggest budget item for most people is food, and those that are right on the financial brink may find themselves[…]
September has arrived, and with it those bills for summer vacation are starting to roll in. For some people, that means they’ve made priceless memories of family camping, beach outings or that dream vacation for two – but as everyone heads back to work or school, it turns out those memories actually do have a[…]
Car loans – for the first time, according to the U.S. Federal Reserve May report, lending for automobile purchases topped the $1 trillion auto debt mark as Americans become more confident in the economic recovery and continue to choose purchases that reflect that confidence. But with all the Fed buzz about interest rates, mortgage lending,[…]
Our name says it all: MoneyLend, and that’s what we do. But that’s not all we do, because MoneyLend is based on a commitment to changing people’s lives – and part of that change rests on financial literacy and education, with shared information our customers can use. That’s why we’ve started this new Consumer[…]
Consumers are feeling pretty confident, according to the latest Federal Reserve credit numbers – and that means that more than ever, consumers are looking for the smart play when it comes to securing a loan. The most recent April numbers on revolving credit debt – borrowing that’s typically tied to credit card use, not real[…]