Why Do Some Lenders Offer A Guaranteed Approval?

Anytime we go to our local bank to apply for an installment loan or personal loan, we always expect some sort of validation or verification process to go along with it. The bank pulls your credit report and likely validates your stated income before making a decision on whether or not to approve your loan request. The terms of your approval also very on the information received in their underwriting process. This is very common and most people don’t seem to expect it when going that route.

3 Reasons Not to Payoff Your Loan Early

I promise I’m not trying to trick you into paying more interest. This is probably the opposite of what you have been told to do by everyone. Believe me though; there are some scenarios in which you would benefit more from paying a loan through to term.

Generally speaking you will save more money by paying off a loan early. The situations in which you don’t want to pay it off early will be fairly specific situations. So pay close attention and always do your own homework before committing to any financial decision.

How to Fund Christmas and Get Rid of Old Stuff

My favorite holiday is Christmas, I have this super obnoxious but charming holiday cheer – nothing can get me down around the holidays, and I’m guilty of buying every single item on my kids’ wishlists. I just can’t help it. I also really enjoy getting my husband something really cool and unexpected, it’s like a new challenge every year, not to mention the grandparents, teachers, friends, and the family we adopt that we buy for. While the holidays aren’t about the gifts I find it fun to give gifts and to put a lot of thoughts into what I’m giving others. My husband loves my holiday joy but he turns into Scrooge when he sees my credit card bill come January. 🙂

Fact Check: Carrying A Balance On Your Credit Card

I can’t tell you how many times I have heard people say this to me, in an effort to seem educated on the subject. In reality, it can’t be further from the truth…

My background is in retail banking. I was the teller or banker that you saw for transactions and account questions. Naturally, personal finance questions were a common occurance. This was by far the most common question I received. I did my best to help educate those who had heard this myth. There were even times when I came across people who had already put themselves into a terrible position by racking up credit cards – in the name of building credit.

Top 3 Recommended Personal Finance Blogs

Education is Key.

While we are continuously trying to bring you the most up-to-date and relevant content via our blog; we can’t provide all the knowledge out there. We thought it might be just as helpful to provide some other quality resources related to personal finance. Understanding that everyone is at a different point in there life, we have selected 3 blogs that covers various challenges, opportunities, and solutions.

3 Reasons to Consider Direct Lender for Your Next Loan

Most of us, in some capacity have gotten a loan from a indirect lender at some point. Perhaps you took out your mortgage with the help of a mortgage broker? Maybe you went online for a personal loan and thought it was just that simple. Then you get a bill from Lender’s Anyonymous and wonder what is going on. A direct lender is someone that uses their own money to lend to you. This means that the company you apply through is making the decision on it’s own and using it’s own capital to fund and service (bill you) your loan the entire time.

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