How To Marry A Debtor

How To Marry A Debtor

You have found the love of your life, but he or she is dealing with significant debt. The debt issue should be part of the overall financial discussio[......]

Read more

More »

Choosing a Debt Payoff Strategy

Choosing a Debt Payoff Strategy

Debt is killing us! It’s one of the main reasons I started a community movement to #BanishTheBalance. Over 60 incredible days, more than 4,000 partici[......]

Read more

More »

Payday Loan Companies Find Ways Around Google

Payday Loan Companies Find Ways Around Google

In May, after calls for tighter payday loan regulations and fines levied against companies for deceptive practices, Google banned all payday loans fro[......]

Read more

More »

Scott Tucker Fined $1.27 Billion For Outrageous Interest Rates

Scott Tucker Fined $1.27 Billion For Outrageous Interest Rates

Federal Chief Judge Gloria Navarro has ordered Scott Tucker and the payday loan companies he owns, including Level 5 Motorsports LLC and AMG Capital M[......]

Read more

More »

Banks Cut Mortgage Servicing Employees

Banks Cut Mortgage Servicing Employees

The Fitch Group has recently released its U.S. RMBS Servicer Handbook for the most recent quarter. The handbook shows that many banks offering mortgag[......]

Read more

More »

 

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[……]

Read more

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[……]

Read more

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[……]

Read more

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[……]

Read more

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[……]

Read more

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[……]

Read more