If you admit to being an over-spender you’re not alone. Total debt in the U.S. has reached $11.9 Trillion dollars while the average american household has over $7900 in credit card debt, $10,000 in auto loans, and over $100,000 in mortgage loans. While robust consumer spending is an important driving factor for the U.S. economy, […]
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Personal loans are loans issued by banks, private lenders, and credit unions. Some of the more popular uses of personal loans are to consolidate credit card debt, pay for major home improvements or repairs, and other items like vacations. Before you sign on the dotted line there are some questions you should ask to ensure […]
Individuals and businesses can sometimes find themselves in a crunch for cash and need short-term financing to cover an expense until other funds are available. Here are several reasons a short-term loan can be a valuable option in your financial toolbox. Fast Approval Process Short-term personal loans often have a much faster approval process […]
Did you know that Millennials outnumber baby boomers by 15 million and earn around $20,000 less than the U.S. average. Below is an infographic that takes an inside look at the complicated relationship between Millennials and Credit.
According to a recent icount survey, about 25% of UK adults do not understand the concept of a credit score. Other nations like the U.S. have found similar, or even higher, levels of credit ignorance among their citizenry. This isn’t good, folks. And it’s not good for the people who are the least informed. Those […]
It’s practically a commandment of sound financial management that you should never throw good money after bad. And that means never taking out a loan to pay down debts, because in so doing you just create a cycle of more debt, more stress, and less control over your own finances. Like all rules, though, this […]