Your credit score is a three-digit number that provides insight into your financial trustworthiness and repayment history. Lenders use it to evaluate the risk of lending money to you. The higher your score, the more likely you are to be approved for credit and receive better terms. A score of 650 or below is considered…
A personal loan might not be the most popular lending product to come to mind. Yet, the industry is changing rapidly, outpacing mortgage rates and auto loan growth. So far, in 2023, the personal loan percentage growth rate has increased by 11.48%, according to data. Compared to mortgage and home equity line growth, which remains…
In 2020, during the initial panic of COVID-19, fewer Americans were applying for and receiving approval for credit cards. These borrowing changes made sense at the time, as employers and workers alike were uncertain about the future. Yet, by 2023, consumers had shifted out of savings mode and began borrowing at historic rates. In fact,…
Credit card debt is a major cause for concern for many people across the United States. Figures from the Federal Reserve Bank of New York put the total us credit card debt at a staggering $1.031 trillion. The severity of this issue is shown in recent data. The average credit card balance per person is…
Student loan payments were put on hold by the U.S. government right when the pandemic hit us hard. The reason is to help all those people who owe money for their education. This break gave everyone some financial peace. However, this pause is about the end. In this article, we are going to give you…
Did you know personal loans might be a great way to get some quick money? People use them for all sorts of things like paying off other debts, fixing up their houses, or even going on their dream vacation! But guess what? Not all personal loans are the same. They come in two main types:…
Personal loans are wonderful financial instruments. They are a very flexible form of borrowing. You can use them in countless ways, from home improvements to buying new things to debt consolidation. With online lenders becoming more common, securing a personal loan for $30,000 and beyond, all from your couch, is now a breeze! Why a…
Buying a car is exciting. That new car smell, the shiny dashboard, the thrill of a smooth ride—there’s nothing quite like it. But before you can zoom off into the sunset, you need to navigate the winding roads of car financing. In the car-buying world, two options frequently cross the path of potential buyers: buying…
The debt ceiling has been one of the main objects of discussion in Washington lately, covering numerous related topics, from social security to inflation. On June 3, after an agreement to raise the debt limit was finally reached, the deal was finally signed into law by President Biden. In this article, we’ll explore what the…
Personal loans can be very helpful in numerous situations, such as consolidating debt, funding sizable purchases, or covering unforeseen expenses. However, before taking out a personal loan, it’s important to understand its terms and conditions when it comes to repayment. For example, what happens if you pay off a personal loan early? This article will…
