Debt management can be difficult, especially when you have multiple sources of debt and high-interest rates. You’ve probably heard of the terms “good debt” and “bad debt,” where good debt is an investment in something that grows in value over time and bad debt is spending on items that quickly lose value. But what if …
Continue reading “Debt Recycling: Understanding the Benefits, Downsides, and More“
If you are struggling with credit card debt, you are not alone; many Americans are burdened by it. According to a Federal Reserve Bank of New York report, credit card balances were 15% higher in the third quarter of 2022 than in the third quarter of 2021, the most significant year-over-year increase in over two …
Continue reading “How to Pay Off Credit Card Debt: Your Guide to Financial Freedom“
When you need financial help for something that came up rather abruptly – a medical emergency, a pet getting sick, or car trouble – and you don’t have the funds for it, payday loans and personal loans can help. Both do not require any collateral. However, they are different in a way that one of …
Continue reading “Payday Loans vs. Personal Loans: Why One Is Always a Better Option Than the Other“
Many Americans today face financial struggles, including affording food and medical care. In fact, a survey conducted by NPR in 2021 revealed that 40% of Americans face financial difficulties. In times like these, one might wonder how to get ahead financially. Is it even a possibility? What does it mean to get ahead financially, anyway? …
The global pandemic brought to light that several people in the US struggle to pay for unexpected expenses. For example, the Federal Reserve reported that in November 2020, one in three Americans would be unable to pay an unexpected expense amounting to $400. Unexpected events, especially the big ones, inevitably affect your finances. Below are …
Personal loans are undoubtedly beneficial and could help someone financially as long as it is used the right way. However, it could be a burden for some — a tool that would bury them deeper into debt instead of helping them out of a tight financial spot. This article will dive into what personal loans …
Continue reading “Personal Loans Pros and Cons: Top Things to Consider”
If you make enough money in a year, you’ll need to file your income tax with the government. And if you paid the government too much in a given year, they give the amount back to you as a tax refund. It’s not a bonus from the government. It’s your money that you temporarily (and …
Continue reading “What Are Tax Refunds and How Do They Work?”
Refinancing a personal loan or paying off an existing loan with a new one from the same lender, or a different company can go two ways. One is getting a lower interest rate and saving money overall. Another is refinancing to lower your monthly repayments, thus lengthening your loan term. Note that you will most …
We’ve heard about refinancing car loans, and you may wonder if it’s possible with motorcycles, too. The answer is yes. Does it work the same way as when you refinance a car loan? The answer to that question is yes, too. Let’s go over the details, the how-to’s, and a list of things to consider …
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Loans are an excellent way of getting funds to help you in your quest to expand or enhance your business. You might think that since you are taking out a loan for your business that you are stuck with having to take out a business loan. Personal loans are also a popular choice for entrepreneurs …
Continue reading “Business Loan vs Personal Loan: Which is the Better Option for Your Business?”