When it comes to personal loans, we want to help you make smarter financial decisions. Our experts explain the in’s & out’s of personal loans, highlight the types of loans available – their advantages and disadvantages – and how to improve your chances of getting approved. We also alert you to personal loan scams you should avoid & highlight how personal loans compare to traditional student loans or auto loans.
Getting out of debt, particularly consumer debt, is the cornerstone of financial freedom. It frees up cash for saving and investing. It enables us to get off the treadmill of living month-to-month. And being debt-free just feels great. A lot has been written on how to get out of debt. It’s not exactly rocket science.... Read More
I have a friend who has a brother with a problem. Every other month or so, he receives a call or a message. His brother needs cash. Right away. He won’t be able to pay his rent without it. He always promises to pay his brother back—as soon as the next commission payment hits the... Read More
At some point, most of us have been there, trying to stretch a small paycheck around bills that only seem to get bigger. And the often-parroted strategies for making ends meet are largely the same: buy secondhand, clip coupons, wait for sales, etc. But there’s more to life than just figuring out the best way... Read More
We all know life insurance can help provide financial security for your beneficiaries when you pass on, but death benefits are not the only thing these policies can provide. A properly designed life insurance policy can complement funding your own needs or reaching your savings goals as well. It’s important to determine not only how... Read More
A public relations firm emailed me the other day to ask whether I’d be interested in speaking to the founder of an alternative finance company startup that makes online loans to high-risk borrowers. These are borrowers who’ve been turned down by their banks because they’ve had credit hiccups or irregular income streams (such as for... Read More
It’s getting so a bank can’t make a decent buck these days. The New York district attorney’s office recently subpoenaed Capital One Financial Corp. for its subprime auto lending practices. The bank joins Santander Consumer USA Holdings and Ally Financial (formerly General Motors Acceptance Corp.), institutions that are likewise under investigation by other law enforcement... Read More
Are you wondering whether you and your betrothed will have a love that lasts a lifetime? Then you need to forget about the kids, the in-laws and the s-e-x for a minute. When it comes to whether you’ll remain together until death do you part, it’s all about the Benjamins. Yes, we’re talking money here,... Read More
All things being equal, most of us would prefer not to carry debt. But there are times when it may be unavoidable. When that happens, you want to make sure you try to pick the best way to borrow. Sometimes that may be a low rate credit card, but at other times a personal loan... Read More
Nurse-practitioner Marian Kahn thought she had a pretty good idea of what she was getting into when she opened her own business, a wellness and weight-loss clinic in Michigan. A longtime bone marrow transplant nurse, she had taken a less-stressful job at a weight-loss clinic when her mother-in-law moved into her home in Atlanta. Though she had taken the... Read More
A new, brazen fraud begins with a twist: Instead of losing money, consumers get money, which is unexpectedly deposited into their checking account. But the surprise windfall turns into a big headache, and even bigger bills, the CFPB says in a lawsuit disclosed Wednesday. The cash comes from a payday lender owned by a firm... Read More
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