Getting an installment loan with bad credit? I would say no! Well, that would be my quick personal advice, but you may be offered a loan if your credit score is in the subprime range. An installment loan is paid back over a course of a few months to a few years, and it can further harm your credit score if you can’t handle it. It is one of the easiest types of loans to get, and this also means you can easily default on an installment loan if you are not careful. Continue reading
Loans
Emergency Payday Loans Can Cause a Real Crisis
They’re heavily promoted through the media. They’re widely available to the public. And their name, like so many dubious sources of financial aid, is misleadingly alluring. Emergency payday loans are often portrayed as a positive financial assistance option which fills a void in the credit market. In theory, they provide exact sums of money in a timely manner, thereby increasing ease of access to a source of capital that would have otherwise been beyond the means of the individual taking out the loan in question. However, payday loans bring additional costs that can be hard to handle when faced with repayment. It is strongly advised that you consider alternative options but should you choose to take out a payday loan, it’s important to know the implications of doing so, especially if it occurs as the result of an emergency. Continue reading
Can you Get a Loan to Pay Rent and Security Deposit?
You want to move but the landlord wants you to pay the first month’s rent plus a security deposit. So what if you don’t have that kind of money? Can you get a loan for rent payments and a security deposit? Continue reading
Adjustable Rate Mortgages: Are They Always Bad?
Adjustable rate mortgages have received much negative attention recently with the U.S. housing crisis. But what exactly is an adjustable rate mortgage (ARM)? And are all ARMs bad? Continue reading
What are PLUS Loans?
If you’re planning to go to college, money is an issue you should not worry about. College isn’t just for rich kids. There are many ways to pay for college that don’t involve immediate payment, including scholarships, grants, and loans. One option is a PLUS loan. Continue reading
Can I Get a Student Loan After Bankruptcy?
Let’s face it, college is expensive, and the economy isn’t helping too much either. If you have fallen victim to economic circumstances, you are certainly not alone, especially if you are a student. If you have filed for bankruptcy this early, it is still possible to get funding. Yes, you are able to get a student loan after bankruptcy. If taken care of in the most responsible and timely manner, you can save yourself from continued financial nightmares, and also attain a higher education. Continue reading
What are car title loans?
A car title loan, also known as a title loan, is a loan in which you, the borrower, put your car title up as collateral in order to obtain a loan. Continue reading
What Interest Rate Does Springleaf Financial Charge?
If you need an unsecured personal loan and have been shut out by big banks, you may have considered getting a finance company loan. Springleaf Financial (formerly American General Finance) is one of the leading consumer finance companies in America. If you are considering applying for credit, you may want to consider what interest rate Springleaf Financial charges on its personal loans. Continue reading
Fifth Third faces allegations and lawsuits over Early Access deposit-advance loans
Loan documents clearly state an APR of 120% based on the fee schedule. Yet according to a new lawsuit seeking class action status, claims of actual fees of up to and over 1000% APR are alleged. Fifth Third Bancorp has faced multiple lawsuits over fees for its Early Access deposit-advance loans. Continue reading
Wonga seeks to offer 4214% APR Paylater loans to US customers
Online customers who lack credit cards may have an even worse option for making payment. Instead of taking out a 491% APR payday loan, customers may soon choose to complete their purchase using Wonga’s Paylater loan service at a 4,214% APR. To compare, most credit card interest rates average less than 18% APR. Continue reading
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