If you’re in debt, it can feel overwhelming. You may feel like you’ll always be indebted and that things will never get better. However, plenty of people have been where you are and have successfully gotten out of debt, and you can too. First, though, you have to stop digging the debt hole and stop […]
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Is Consolidating Your Debt a Good Idea?
Do you feel like you’re drowning in debt? Struggling to stay on top of minimum payments or interest payments? Incurring late fees? Or perhaps you’re chipping away at your obligations but still feeling like you cannot move that mountain? Depending on your situation, you might consider debt consolidation. To know if it’s right for you, […]
Are Peer-to-Peer (P2P) Loans Good for Borrowing Money?
There are plenty of reasons to look at various options for borrowing money when you need it. A mortgage to buy a home, auto loan to purchase a car, or student loans to attend college. If you need money for other reasons, you might consider a personal loan or a cash advance from your credit […]
What Are My Options if I Need to Borrow Money?
Seldom does anyone get the opportunity to skate through life without having to borrow money. Of course, many people borrow money to buy a house or a new car. But the kind of borrowing we’re referring to is the use of credit cards or personal loans to cover monthly cash shortages and emergencies. If you […]
Predatory Loans: What are they and how do I avoid them?
It’s no secret many people eventually encounter difficulties dealing with their finances. In some cases, it’s a matter of poor borrowing habits and improper money mismanagement. But other times, people fall victim to circumstances beyond their control and wind up needing money through no fault of their own. When they can’t pay bills and creditors […]
Buying a House: What do you need to consider and what are the best first steps?
From the down payment to financing to finding the right home – there are many things to consider when buying a home. It’s all much easier – and less stressful – when you understand the process and prepare. Though it’s easy to get caught up in the excitement, buying a house is one of the […]
Federal Funds Rate: What is it and how does it affect you?
You might have heard of the Federal Reserve and the terms federal funds rate, and discount rate. But what do they mean? And more importantly, how do they affect you? The short answers are: The Federal Reserve is the central bank system providing financial services to banks and government entities. It does not provide services […]
When Is a Personal Loan a Good Idea?
A personal loan is a loan you can use to fund any purpose. But before you start scheming about what you’d do with an extra few grand, it’s important to understand how this type of loan works. Then you can determine if taking on this debt is right for your situation. Common Reasons to Get […]
How Can I Help My Teenager Understand Big Loans?
Teaching kids the value of a dollar is one thing. Teaching them the value of tens of thousands of dollars is something else entirely. Yet, by the time children reach their teenage years, they will very likely be facing four, five, and even six-figure financial decisions about college tuition and cars. And potentially other big-ticket […]
