Taking out a personal loan can be a helpful way to make a big purchase, consolidate your debt, or strengthen your credit history. Getting approved is not always easy, though. Lenders take a number of factors into consideration when you apply for a loan, and there’s never a guarantee that you’ll be approved. You can improve your chances of approval…
If you don’t have an emergency fund, you are not alone. According to Bankrate, 28 percent of American adults do not have a rainy day fund, but an unexpected expense can come up at any time. If none of the people in your circle would be able to lend you the money you need for an emergency, you would experience…
15 Tricks for Successful Budgeting If you are like many Americans, you have credit card debt. According to Creditcards.com, approximately 37% of all households in the U.S. have unpaid balances on their credit cards. The average credit card debt per borrower in 2019 was reported as $5,554. Credit card interest is one of the highest types of debt, with annual…
How to Get a Personal Loan If you’re faced with an unexpected project, your car breaks down or you want to consolidate debt, you could take out a personal loan. It will leave you with a large chunk of cash that you can pay back with interest over time. Whereas the average credit card interest rate is between 15 and…
Tips to Avoiding the Minimum Payment Trap Many people wonder how to pay off debt. When it comes to paying off debt, one of the worst things you can do is pay only the minimum. Credit card companies and other lenders provide a minimum payment that will keep your bill current. However, you’ll want to do all that you can…
How to Find a Personal Loan with Low Rates If you require a personal loan but have never before applied for one, likely the most important consideration during the selection process is making sure that you find a personal loan that comes with low-interest rates. In order to enhance the possibility that you can find low rates for your personal…
When to Choose a Personal Loan to Consolidate Debt Paying off debt, especially from credit cards, can be extremely stressful. If you have balances on several credit cards, it may feel like you’re constantly making payments. One option is to use a personal loan to consolidate your credit card debt, which can simplify your payments and reduce your interest. Before…
Every quarter, the Federal Reserve’s Federal Open Markets Committee meets to determine if the federal funds rate should be adjusted, and emergency sessions are called as needed between quarterly meetings during economic crises. A Fed rate cut is generally viewed positively, and this is most easily visible in the form of a boost in the stock market after the Fed’s…
How to Borrow Smart for Plastic Surgery Cosmetic surgical procedures may help you to improve problem areas that are currently causing you grief and eroding your level of self-confidence. Some cosmetic surgical procedures, such as breast implant removals and breast reduction surgeries, may be necessary for health and well-being. Regardless of the type of cosmetic surgery that you are interested…
Personal Loan with Bad Credit – Proceed with Caution You and I both know how challenging it can be to manage your finances on a tight budget. Most people deal with various types of unexpected expenses on a fairly regular basis. In fact, it may seem like these unplanned expenses hit you almost every month, which makes it impossible to…