What is a Secured Loan?
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What is a Secured Loan?

The terms and conditions for a secured loan vary from lending company to lending company. They are loans that require a borrower to back his or her creditworthiness, the consideration given to a borrower’s likeliness to repay a loan, as a form of collateral. Collateral is a kind of property pledged to secure or guarantee...

How to Rebuild Your Credit with Personal Loans
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How to Rebuild Your Credit with Personal Loans

There are many different ways you can rebuild your credit. Your professional and personal circumstances will determine your options when deciding if accounts with slow pays and late payments should be closed, or consolidated into a single loan. They’re the two most effective ways to restore impaired credit quickly; unfortunately, they’re not always options for...

Security Note
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Security Note

It has come to our attention that a scam company has been using our logo and brand to solicit money from clients. We are not sure how these clients are being contacted as we do not share any data with anyone ever. This company or Scam company has been asking clients to send them money...

Presenting Yourself to a Lender: How to be a Good Candidate
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Presenting Yourself to a Lender: How to be a Good Candidate

When an individual applies for a loan, it’s in their best interest to present the most creditworthy application possible to the lender or lending company’s loan office. There are several ways for a potential borrower to maintain good credit. Personal Loans with Bad Credit The single most important factor used by lending companies to determine...

No More Payday Loans!
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No More Payday Loans!

Chronic-Debt-Situation is the need to repeatedly utilize high-interest rate loans that decrease the borrower’s purchasing power. Example: a 20% interest payday loan reduces the value of a borrower’s dollar to $0.80—a significant financial loss. The annual payday loan market is estimated to be $46 billion, with 5 million customers—their cost of borrowing, $3.5 billion. You...

What Besides My Credit Score Goes Into My Loan Decision
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What Besides My Credit Score Goes Into My Loan Decision

Every lending company has it’s own set of underwriting, or decision-making guidelines. They use them to either decline or approve an applicant’s loan, and they frequently change. Most lending companies that make personal loans borrow the money they use to fund their loans from large institutional investors who set covenants, or requirements the lending companies...

Consolidating Your Bills with a Personal Loan
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Consolidating Your Bills with a Personal Loan

The personal sacrifices and financial complications a person and their family have to endure when servicing monthly bills may be an avoidable hardship. No matter if, a person’s accumulation of monthly bills is the result of a sudden and unexpected financial burden, loss of employment, or unfortunate medical expense a debt consolidation loan may provide...

Unsecured Personal Loans vs. Payday Loans
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Unsecured Personal Loans vs. Payday Loans

Unsecured Personal Loans Their loan balances, and repayment histories are reported to the credit bureaus.Timely payments will positively contribute to the borrower’s credit history and score. Several factors determine the annual percentage rates (APR) for unsecured personal loans: borrower’s credit, employment history, loan amount, and the lender’s loan programs. Payday Loans Payday Loan are usually...

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Breaking the Payday Loan Cycle

Personal Loans for Debt Consolidation Loans Now has a variety of personal loan options that you may qualify for that could end what is usually described as a chronic debt situation.  When you need to repeatedly utilize high interest rate loans with high borrowing costs you decrease your purchasing power by decreasing your financial effectiveness....

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How to Avoid the Payday Loan Cycle

The payday loan cycle is when a borrower takes a payday loan and isn’t able to repay it on the scheduled due date. As a result, the borrower either has to default on the payday loan and incur fees, or take out a second payday loan, to cover the first payday loan, and continue to...