Which Budgeting App Should You Pick? Budgeting and keeping track of one's finances are two of the most critical life skills because they can determine whether one ends up in debt or with a comfortable lifestyle. To establish long-lasting good fiscal practices, keeping a record of all your purchases is crucial. There are many different
Just the thought of paying down debt can be intimidating and often discouraging for many. Yet, 77% of American households have at least 1 type of debt. If you are part of the 77%, you might be wondering what to do with your paycheck: Should you save your money and invest it, OR should you
Having a poor credit score can be frustrating, akin to paying a heavy price for being poor. But contrary to popular belief, a bad credit score doesn’t necessarily translate into being locked out of the financial system. If you’re in desperate need of cash, there are still plenty of avenues where your credit score is
If you're served with a summons and complaint, you'll need to decide how to respond. You can try to negotiate with the creditor, but if they're not willing to work with you, your only other option is to file an answer with the court. Filing an answer is a formal way of responding to the
Many people find themselves in a difficult financial situation at some point in their lives. Whether it's an unexpected medical bill, a job loss, or simply bad luck, there are times when it can be tough to make ends meet. If you're facing a financial emergency, there are a few different options that can help
Many people in the US find themselves in a situation where they have bad credit. This can be due to various reasons, but regardless of why it happens, it’s difficult to get around if you have a poor credit score. If you need a personal loan, some places give loans for bad credit profiles, and
Payday loans are a type of short-term loan that can be used to cover unexpected expenses or bridge the gap between paychecks. Typically, payday loans are due on the borrower's next payday and can be for as little as $100 or as much as $1,000. Interest rates on payday loans are typically high, with some
A debt consolidation loan can be a great way to get your finances back on track. By consolidating your debts into one loan, you can lower your monthly payments and save money on interest charges. In addition, a debt consolidation loan can help you to become debt-free more quickly. By consolidating your debts, you can
You finally saved up enough money for a down payment on a house and you're feeling pretty good about your prospects. But then you start the loan process and realize just how difficult it is in getting an instant decision on a loan application. The requirements are strict and the process is long and complicated.
Technology has made our lives so much easier. We can keep all of our important records online where they’re safe from damage. I can call my friend who lives across the country and talk to her instantly instead of exchanging letters back and forth that may take days to reach her. I can even look
Need to Consolidate Credit Card Debt? Let Upstart, Tally and SoFi Help! At some point in their lives, most people find themselves saddled with some level of debt. This can be the result of financing a car or a home with multiple credit cards. Because of a lack of financial education, many people end up
Most people believe high-interest rates and low mortgage applications are bad for homebuyers. However, these conditions are good for everyone involved. Here’s why. The benefits of high-interest rates when you're buying a home It might feel counterintuitive to be excited about seeing interest rates rise, but there are a few reasons why it's so beneficial
Are you looking to buy a car soon? Here are a few tips to help you choose a financing solution that best fits your needs. If you are planning to purchase a car, you are most likely also considering taking out a car loan. If so, below we have provided 7 important tips about auto
There are lots of ways criminals take advantage of people in today’s world. The greater levels of interconnection and speed make fraud more accessible to those with bad intentions. People tend to be even more vulnerable, however, when something important is on the line for them—such as their finances. Student loans are a huge financial
Instant cash loans, also commonly referred to as payday loans, cash advances and cash loans are a type of financial service that provides competitive quick cash deposits to a borrower's bank account within hours or days of the application being made. The most profitable quality of any instant cash advance is its processing speed allowing
Having enough cash flow is vital in running a business. Unfortunately, many businesses often experience cash flow issues that could render them unable to operate their business well. Business owners know how damaging it can be for their sales and reputation if they turn customers away because they’re not confident that they can fulfill their
If you’re considering taking out a personal loan, you probably want to find a way to make your borrowing go as far as possible. Whether you are consolidating debts, paying for a family vacation, purchasing a dream car, or covering a medical bill, it’s essential to shop around so you can find the best loan
In response to coronavirus, more people and companies shifted their operations and work to remote locations. A majority of the workforce decided to work from home to minimize the spread and risk of contracting the deadly virus. With the effects of the COVID-19 pandemic still being felt, this trend is set to continue, with several
The internet has completely revolutionized the way people handle our money, and the lending sector is no exception. Before the technological age, people had to make time to visit the bank, credit union, or any other lending facility in person to apply for a loan. While these institutions still exist, they’ve now dipped fingers and
Car loan amortization is the schedule that impacts how your car loan is paid off. As noted by the loan experts at Lantern by SoFi, “When a buyer uses financing to purchase a vehicle, the lender or financing company should provide that buyer with an auto loan amortization schedule. This schedule explains how the loan
Any loan offered in exchange for collateral is called a secured loan or secured debt. Accordingly, the risk to the lender is minimalized given the lender can take ownership of the collateral if a borrower fails to repay the loan. Secured loans are disbursed via credit card unions, banks or online loan matching platforms within
There are any number of reasons why you’ve gotten into debt. Perhaps there was some emergency or other set of circumstances. The important thing is you realize you need professional help. You may want to consider debt relief, which comes in a few forms. To help you, here are smart credit card debt relief options.
Every business needs capital investments to grow. If your business also needs one, you should contact a licensed moneylender to help you. Moneylenders are professionals who give out loans to people. They are different from banks, as they lend money and take interest. Most money lenders do not run deposit services. Getting a loan for
CPAs aren’t simply number crunchers and tax preparers; they’re also financial and business planners who assist businesses and people map their pathways. Enterprises hire a CPA to help them manage their finances and taxes, identify successful new product lines, expand their investments, and provide other advisory and business services. People use CPAs for tax and
Approximately 10 million Americans live outside the country, based on U.S. State Department estimates. Countries with the most number of American expats include Mexico, Canada, United Kingdom, Germany, and Australia. There are different reasons why Americans move out of the country. Some move out for love. Others do it for money. Some cite work-life balance as their
When you are struggling financially, there can be a temptation to cancel or delay loan installments. The idea that this may give you some “breathing space” is unfortunately fatally flawed. As we will cover in this article, most lenders will try to help where you are experiencing financial difficulties. However, if you suddenly stop paying
On average over 500,000 Americans file for personal bankruptcy every year. That’s only about 1% of the number of Americans who could file if they chose to. That’s a sobering statistic, and it highlights the need to talk more about bankruptcy in this country. Specifically, we need to talk about the common causes of bankruptcy
If you’ve been struggling to collect payments from your clients, your collection system must not be working. You’ll probably need to device a new one. That’s because if unpaid debts continue to pile up, your business cash flow will be compromised. And that could result in ugly financial losses. As you already know, your company’s
Every year, thousands of individuals and businesses file for bankruptcy. The United States Administrative Office indicated a decrease in filings, from 773,361 in June 2019 to 682,363 at the end of June 2020. There is a slight drop in the figures, but the number is still relatively high. Bankruptcy remains to be a major problem
Undeniably, bankruptcy can be a scary proposition. For many, declaring bankruptcy is an extreme measure. However, it is reassuring to know that when used the right way and at the right time, it can preserve your peace of mind, save you money, and get you back on your feet financially. Before you get in touch