How to Consolidate Student Loans
Feeling burdened by your student loan debt? If it’s any comfort, you’re not alone. In fact, according to many estimates, in 2019 the total student loan debt in the United States topped $1.53 trillion, with more than 44 million Americans carrying this type of debt. The typical student loan payment amount for borrowers between the […]
How to Refinance Student Loans
Americans have approximately $1.5 trillion in student loan debt, with monthly payment amounts for borrowers aged 20 to 30 averaging about $351. If you’re among the 44 million or more Americans who are burdened with student loan debt, not only are you not alone, but you also have some options to improve your situation. Before […]
Student Loan Repayment Plans 101
Taking out a student loan is easy, relatively speaking, compared to paying it off. Six months after leaving school, repaying your loan becomes a must if you’re former student, and most recent graduates choose to complete the entire process though the basic federal student loan repayment plan.
Ultimate Guide on Student Loan Forgiveness Programs
Student loan debt is a hot-button issue among plenty of people these days, which isn’t surprising given the $1.25 trillion Americans currently owe in student loan debt. When you hear about student loan forgiveness programs, it might be easy to brush these off as just another scam, but hold on. There’s some good news. Student […]
What Is a Bridge Loan & How Does It Work?
Like their name implies, bridge loans span financial gaps for individuals and corporations for personal and professional uses. These loans are popular in some markets, including the real estate market, where they can be invaluable to buyers who already own a home and decide to purchase a new one. In business, a bridge loan offers […]
SoFi Personal Loans Reviews 2020
Social Finance, also known as SoFi, is a bit of an elite club in the online lending world. First started as a student loan refinancing company in 2011 by an alum of Stanford University, SoFi has made a name for itself in several financial sectors including personal loans and home mortgages in the ensuing years. […]
Earnest Personal Loans Review 2019
Editor’s Note: This article has been updated for 2019. You don’t have to have a long credit history to qualify for a personal loan with Earnest. This innovative lender uses thousands of data points and a personalized underwriting process to look at each applicant’s history and potential. Although these loans are geared toward applicants with […]
Vouch No Longer Offers Personal Loans
San Francisco, California-based lender, Vouch, stopped offering personal loans and closed its virtual doors in summer 2016. Rumblings of the company’s closure grew loud in June 2016, according to an article in the Wall Street Journal, which suggested that Vouch was unable to compete with larger online lenders. Read on to learn a little bit […]
Should You Take Out a 401(k) Loan?
When you’re strapped for cash and trying to find a way to make the bills balance, borrowing may be your only solution, and it’s certainly tempting to choose a lender who doesn’t factor in your credit score or your past history before making this decision: yourself. Yet, while it’s true that taking out a 401(k) […]
What is the Difference Between a Conforming Loan & Non-Conforming Loan?
Navigating the road to homeownership can put you on a confusing path. With so many different options out there, it’s tough to keep them all straight. Finding the right mortgage for you can be similar to finding the right home. You need to take a good look at the outside and then examine the structure […]
What Is a USDA Loan & Who Can Apply?
The dream of homeownership is a crucial element of modern American life and certainly one that’s been around for decades, too. Unfortunately, the restrictive nature of lending and the burdens of saving up for a down payment often prevent many eligible would-be homeowners from achieving that dream each year. USDA home loans, which are programs […]
Payoff Personal Loans – Great for Debt Consolidation
At the end of 2015, the average American with credit card debt carried a balance of over $15,700. Unsecured and subject to high interest rates that can rocket to 40% APR and above, keeping this kind of debt on your financial rolls for too long can have lingering long-term consequences. Payoff is a personal loan […]
Lending Club Review 2018
EDITOR’S NOTE: This article has been updated for 2018. When it comes to online personal loans, Lending Club is among the more well-known and trusted names in the business. Through the peer-to-peer, or social, lending model that the company helped establish, Lending Club has successfully issued more than $35 billion in personal loans since its […]
FreedomPlus Personal Loan Review 2019
EDITOR’S NOTE: The offers mentioned in this article are expired and are no longer available. Finding the right personal loan can be a daunting task considering the number of available options. FreedomPlus is an online lender that offers unsecured personal loans with a range of annual percentage rates (APRs) to qualified applicants. Borrowers can use […]
Credit Sesame Survey: 2 Big Reasons Why Millennials Still Refuse to Use Credit Cards
Credit Sesame recently asked 1,000 consumers ages 18-34, also known as Millennials or Gen Y, about their credit card usage and found that about 60 percent do not have a credit card by choice and do not think it’s a problem either. That jives with some 2015 research from First Data about young adults’ banking […]
