Loans

Let’s talk credit! Credit is money you borrow and must repay. Depending on the type of credit account it is, you can use it for different purposes, like buying a boat, funding a wedding or buying an investment property. There are two main types of credit available to borrowers – closed-end credit and open-end credit.
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Being a co-signer on an auto loan (or any loan, for that matter) is a big decision. It’s a service that can feel very rewarding, which is why co-signers are typically trusted friends or family. But it also comes with financial risk. If the principal borrower experiences money troubles – a job loss, a drop
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Currently, the U.S. Department of Education has paused student loan payments until August 31, 2022.[1] But, once payments restart, paying school loans may impact your ability to save for a house, build emergency funds or travel. Is there a way to have your school loans forgiven? There are steps you can take toward student loans
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Imagine, if you will, a pickle barrel at a grocery store. It’s filled with pickles you can take out, put in a bag and pay for. Of course, you only pay for the pickles you take out. And once you eat the pickles you bought, you can buy more pickles – again and again –
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The internet has given us countless innovations over the last several years. And these days, you can buy just about anything online, including your next home. With an eMortgage (also known as an electronic mortgage), borrowers can potentially move through the entire home buying process, including closing, without ever getting off their couch. Given the
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Who among us is immune to the occasional big expense? Sure, it’s great when you’re financially prepared to deal with the cost of a big-ticket item or service. But sometimes you’re blindsided by the unexpected: a costly medical procedure, a home repair, a sick pet or your car breaking down.  When your life needs financing,
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Whether you’re buying your first car or looking for an upgrade, you may need an auto loan to get behind the wheel. A lender will use a borrower’s credit history and credit scores to determine how reliable they are at repaying debt. Without that history, it’s harder for lenders to determine creditworthiness. However, lenders can
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Federal student loans are one of the most accessible ways to fund an education. But that doesn’t mean making those monthly payments after graduation will be easy. It’s important to stay on top of your payments because even a single missed payment can hurt your credit score. This can make it harder for future you
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As a small business owner, if you’re looking to grow your business or fund a startup, a small business loan may help you. There are two types of business loans to choose from: a secured business loan and an unsecured business loan. While each offers its own benefits, there are quite a few differences between
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So you started a business – and business is booming! Now you’re in the happy situation of needing more capital to fund your business’s growth. This is where a business credit card can come in handy. We’ve put together a guide outlining what you need to qualify for a business credit card, how to apply
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Life brings most of us occasions when a little extra money would be helpful. Maybe you’ve been hit with unexpected medical bills, or your home’s air conditioning unit literally gave its last gasp. Or maybe you’re planning a wedding and need to put a deposit down to reserve the venue.  If you have good credit
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Financing can help your business grow and help you reach the goals you’ve set for your business. But it’s important to know what kind of debt is helpful and how it can impact your business, especially when you’re trying to climb out from under already existing debt. Our guide will clarify the difference between good
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Need some extra cash for a home repair and have equity in your home? You might want to look at a home equity loan or a home equity line of credit, also known as a HELOC. Both are second mortgages and both are great options. You’ll find some differences between a home equity loan and a
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Loans are part of how most of us live our lives. Loans help people get educated, buy a car, buy a home, pay for emergency medical bills and much more.  The list of reasons why people need loans is a long one. And, thankfully, there’s an equally long list of loans available for our diverse
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Life happens. And despite making savvy money moves and routinely growing your savings, unforeseen expenses – like medical bills, big emergencies or car repairs – can derail even the most well-planned budget and savings plan. When life happens, you may need to take out a personal loan to cover the cost. But how can you
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Picture yourself sipping a cool refreshment as the sun beams down on you and there’s the sound of water lapping against the side of your boat. Ahh, that’s the life, isn’t it? Well, this daydream may be easier to make your reality than you thought! We’ve put together five of the best ways to finance
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Refinancing your personal loan is a great tactic to manage financial change. Whether you’re making the shift from a two-income to a one-income household, adding a significant expense, paying off credit card debt or sending children off to college, you may need to adjust your personal loan payments to be more affordable. Consider these scenarios:
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