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.
5 Signs Debt Might Be An Issue For You
When going through the day to day obligations of life, we often times find a way to ignore the obvious. We simply get so caught up in our kids, family or work that we sometimes lose sight other important items that need to be overcome.
12 Financial Products You Should Have
Almost everyone uses some form of a financial product on a daily basis. Even if you are someone who is completely against the mainstream financial system; you are probably still required carry some form of insurance depending on the state.
Why Use A Direct Lender For Online Installment Loans?
In most scenarios a direct lender is going to be the way to go. Before we get into though, we will explain the difference for you. A direct lender is what you probably thought, someone that will directly lend their money to you. You go to their website, use their application, and repay them directly. You deal with the same lender throughout the entire process.
6 Responsible Ways To Utilize Your Tax Refund
It is that time of year again, Tax Time. While it greatly depends on your financial situation, some may find it to a curse, inconvenience, or even a blessing. Either way, it is something that all Americans participate in regardless of the outcome.
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.
What The Prime Rate Increase Means For You
For the first time in just over a year and for the second time since 2008 the Federal Reserve has decided to raise prime rate. Prime Rate, essentially is a benchmark for the lowest rate at which an institution (typically a bank of some kind) can borrow money. Therefore, most banks base their rates around prime.
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. 🙂
Don’t Let Holiday Magic Make Your Finances Disappear
While the excitement of the holidays and gift-giving season can be a magical time for children, adults face a plethora of additional expenses during the last two months of the year. Whether its gifts, food, decorations, the perfect outfit for that holiday party, or airfare to visit family – there’s no denying the holidays can put a dent in the wallet.
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.