For many people, financial terms tend to be confusing. This is certainly the case with personal loan terminology, which is why it’s helpful to have a glossary to refer to

Most people who take out a loan have every intention of paying it back on time. However, life can get in the way of our best-laid plans, meaning loan defaults

Payday loans are often advertised as perfect for those with bad credit, who may not qualify for personal loans from traditional lenders like banks or credit unions. However, payday loans

Recent financial data shows that Americans are more likely to use a credit card than any other mode of payment when they can’t pay for something in cash. The second

Although younger people are the most common consumers of personal loan products, they can be great tools for senior citizens, too. What’s more, older adults hold several advantages when it

The process of applying for a mortgage can be lengthy, and many would-be homeowners underestimate just how long it will take from start to finish. While every applicant’s experience will

Payday loans are often advertised as perfect for those with bad credit, who may not qualify for personal loans from traditional lenders like banks or credit unions. However, payday loans

If you receive pre-approved credit card offers in the mail, you may be wondering where they come from.
Keep in mind that receiving a preapproved credit card offer does not impact

Peer to peer lending is an online platform that allows you to borrow directly from an individual instead of from an institution.

Peer to peer lending is growing in popularity because

Do you want to pay down your debt fast without going broke? Here are two strategies to try:
•Debt avalanche:

Here’s how the debt avalanche strategy work: You pick the debt with

Credit unions are similar to banks but are owned by their members.

That’s why when applying for a loan they make a great option because they are nonprofit organizations that pass

If you’re getting a bunch of pre-approved offers in your inbox, you may be wondering why.

These companies simply ran some basic info about you and have guessed that you are

A personal loan with a set payoff period is a great option to choose if you want to consolidate debt and there are many great deals out there, if you’re

It used to be the only way for a collection item to disappear from your credit report was to wait seven years from the date it was first reported. But,

If you’re looking to build your credit profile while also gaining access to cash, a personal loan is a great option to consider.

Agreeing to a personal loan means you get

If you are saddled with debt that you want to pay off, there are a few options available. One of those being, a home equity loan. If you are willing

Have you gotten a preapproved offer in the mail for a loan?

Keep in mind that you may get offered a higher interest rate than expected.

The lender is going check your