Author Archives: loansandcredit

Personal loans come in two varieties: secured and unsecured. The type you choose will depend largely on what you need the loan for, and how much you need to borrow. Personal loans are typically used to finance debts that other brands of loans cannot cover: for example, you can take out a mortgage to finance […]

Debt consolidation and settlement companies aren’t above misleading the public in an effort to drum up their business. Even the executive director of the debt-settlement industry’s major trade association admits this. As in any industry, the debt consolidation and settlement business has its share of bad actors. These companies try to trick consumers into debt […]

If you have a great deal of personal loans, they can actually harm your chances of getting a mortgage. So if you are ready to make that leap to buying a home, you should consider paying off your personal loans, as debt–even personal loans between family members–can be counted against you. As mortgages are harder […]

The Wall Street Journal ran a grim headline recently that can only mean one thing: Debt consolidation firms better get ready for yet another influx of new business. The headline in question? It blared, in big, bold type, that the unemployment rate for adult males stood at an all-time high. This isn’t good news for […]

Are you in a bad situation and think that personal loans can help you out? Or have you been approached by a family member asking for a personal loan? Sometimes an unsecured loan between family members is the only way you can pull yourself out of a desperate situation, if you are the borrower. If […]

Many people think that because America is in the midst of a recession, it is not a good time to purchase an automobile or other vehicle. However, despite the economic meltdown, people may have an easier time than they think to obtain financing for a vehicle. Of course, you’ll need to receive a regular paycheck […]

Bank of America recently announced that it would be making more mortgage modifications permanent. The bank’s announcement is part of a larger initiative instituted by the government last year. The Making Home Affordable Program was introduced to help alleviate the increasing pressure a plethora of homeowners find themselves under as they continue to struggle to […]

Many people think that because America is in the midst of a recession, it is not a good time to purchase an automobile or other vehicle. However, despite the economic meltdown, people may have an easier time than they think to obtain financing for a vehicle. Of course, you’ll need to receive a regular paycheck […]

For some people, it’s hard to imagine surviving more than a day or two without using a credit card. For many, credit card usage is a part of their financial routine. However, there are still people out there who stay away from credit cards completely and the number of people reducing their credit card usage […]

Personal loans can be difficult to obtain through traditional channels, such as your local bank or credit union. In fact, as the economic crisis has deepened, it has become harder and harder to secure a personal loan through those institutions, and interest rates have climbed higher and higher. Many potential borrowers are also reluctant to […]