Today’s Headlines: Auto Loans: The Next Bubble?

Today’s Headlines: Auto Loans: The Next Bubble?

Does Anybody See a Pattern?

The financial crisis of 2007-2008 was caused in no small part by a housing market full of questionable mortgages. Loan qu[......]

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Today’s Headlines: How Your Credit Affects Your Homeowner

Today’s Headlines: How Your Credit Affects Your Homeowner

The Wide Reach of Your Credit Report

Your credit report, which is a compilation of your credit-related activities, plays a huge part in all of your f[......]

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Achieve Financial Literacy!

Achieve Financial Literacy!

April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? So[......]

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Delinquent Auto Loans At 8-Year High

Delinquent Auto Loans At 8-Year High

If you are having trouble making your auto loan payments, recent data from the New York Federal Reserve suggests that you are not alone. According to[......]

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Today’s Headlines: Consumer Credit Growth Slows

Today’s Headlines: Consumer Credit Growth Slows

Slower Credit Growth for the New Year

Are you using more or less credit these days? If your habits track the latest data released by the Federal Rese[......]

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Category Archives: LOANS

LOAN UNDERWRITING PROCESS

When a person applies for a loan, he is termed to be an endorser or applicant of the loan. A person or organization who lends the loan is known as the[……]

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COSIGNER RESPONSIBILITIES

You are in urgent need of a loan, but due to a bad credit history or no credit history at all, the loan granter requires you to get a cosigner for the[……]

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APR VS. APY

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.
― Albert Einstein

Compound intere[……]

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BORROWING AGAINST 401(K)

The 401(k) plan is a type of retirement plan that meets the requirements of Internal Revenue Code Section 401(a) and the Employee Retirement Income Se[……]

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WHAT ARE RESIDENTIAL HARD MONEY LOANS

Hard money loans are a popular way of financing in those areas where traditional lending companies are hesitant to step in. This type of capital is av[……]

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WHAT IS A SUBPRIME LOAN

A subprime loan means lending an amount below the ‘prime’ rate of interest to people with low credit ratings. Thus, it is given to people with an impe[……]

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