Graduating students who have taken out student loans are often in for a bit of a surprise soon after graduation. Reality starts to sink in once you receive your first student loan bill in the mail. The average amount of student loan debt is in the $33,000 range and 1 in 5 students graduate owing […]
Tag Archives | debt
Your credit score is one of the most important pieces of information financial institutions use to determine everything from the interest rate you’ll pay to the type of loan you qualify for. There are many things that can negatively affect your Credit Score and your ability to effectively manage it may well save you thousands […]
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, […]
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.