Category: Finance, Banking & Insurance

Debt Snowball Vs. Debt Avalanche: The Best Way To Pay Off Credit Card Debt

Debt-Financing

If you’re in credit card debt, know that you are not alone. According to the data from the New York Federal Reserve’s Q3 Household Debt and Credit Report, Americans owe approximately $800 million to their credit cards as of the third quarter of 2021. When it comes to tackling your own credit card debt, most […]

What Is an Amortized Loan?

Loan amortization

Loan amortization is the process of scheduling out a fixed-rate loan into equal payments. A portion of each installment covers interest and the remaining portion goes toward the loan principal. The easiest way to calculate payments on an amortized loan is to use a loan amortization calculator or table template. However, you can calculate minimum payments by hand using […]

What’s The Difference Between A Hard And Soft Credit Check?

Credit Score Concept. Businessman Pulling Scale Changing Credit

It’s smart to check your three credit reports and to do so often. Yet there’s a difference between checking your own reports with Equifax, TransUnion and Experian and allowing someone else to access your credit information. One type of credit check—a hard inquiry—could hurt your credit scores. The other—a soft inquiry—won’t affect those important numbers at all. […]

The Best Credit Cards of 2022

Chase Freedom Flex℠ The Chase Freedom Flex℠, launched with a splash in late 2020. When paired with a premium Chase Ultimate Rewards®-earning card like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred® Credit Card, it can earn powerful Chase Ultimate Rewards points. Even as a standalone cash back card, it’s tough […]

What Is a Home Improvement Loan?

home-improvement-loans

What Is a Home Improvement Loan? A home improvement loan is typically an unsecured personal loan that you can use to finance home improvements, remodelling, repairs or upgrades. Borrowers will receive the funds as a lump-sum amount and repay the balance over the course of one to seven years, depending on their specific terms. Homeowners with equity […]

Tips for Comparing Home Improvement Loans

home-improvement-loans

Consider these tips when comparing home improvement loans: Consider how much money you need. Different home improvement loans offer various loan limits. Before applying for a loan, review your project and identify how much it is going to cost. Based on that information, compare loan options that can provide a sufficient amount of funds. Where […]

Can I Get A Debt Consolidation Loan With Bad Credit?

bank credit

Debt consolidation loans let borrowers take out a single loan that covers the outstanding balance on some or all of their unsecured loans. The consolidation loan is then used to pay off each of the individual loans so the borrower is only responsible for a single monthly debt payment. This results in a more streamlined […]

What Is A Personal Loan?

personal loans

A personal loan is financing extended by an online or traditional lender that you can use for a range of personal purposes. If you’re facing travel expenses, home or auto repair costs or other unexpected expenses, a personal loan can help you access the money you need—sometimes in as little as 24 hours. We’ll walk […]

Best Personal Loans Of 2022

personal loans

Many personal loans can be used to fund common family expenses like home improvement projects, wedding expenses, vacations and, in some cases, even the purchase of land. Borrowers also turn to personal loans for debt consolidation, because interest rates are often lower for personal loans than for credit cards—especially for applicants with good to excellent credit. These loans […]

How To Get A Business Loan In 5 Steps

Follow these five steps to get a business loan

A business loan can provide the funds you need to expand operations, cover day-to-day expenses and purchase equipment or inventory. If you’ve never applied for a business loan, you might be unsure about where to begin or which documents are required. Here’s a simple guide that walks you through the process of evaluating your options […]