Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court, according to a letter sent by the country’s top consumer watchdog to Senator Dick Durbin (D-IL) that was obtained by Yahoo Finance. “I am deeply concerned that […]
Loan
What rate can you expect to pay for a personal loan? Getty Images Personal loan rates have ticked up slightly: For those with excellent credit, the average interest rates on personal loans with 60-month terms hit 14.68% and for 36-month terms 13.77%. But if your credit score is less than […]
Aviva Pinto is a CDFA, CDS and Managing Director and Wealth Manager at Wealthspire Advisors. getty Most of us understand how getting a mortgage can help us purchase a property. We use our personal funds (usually 20% of the purchase price) as a down payment and then obtain a mortgage […]
Farzad Kapadia has been paying off his $130,000 in student loans since 2012. During the pandemic, a pause on federal student loan payments set in March 2020 temporarily lifted the burden for Kapadia, 40, though he continued to make payments on smaller loans with private lenders. “I can’t describe the […]
Emergencies can strike at any time, and you might not have enough money in your bank account to cover them. What’s worse is if you don’t have a good credit score, to begin with. Then there’s the possibility that you won’t be able to acquire support from most financial institutions. […]
If you are trying to fund your demands with small-term loans, the high-interest rates may deter and cause you to refrain from getting the financial assistance you need. When you combine this with the burden of having a poor credit rating, you may find yourself unable to get a loan […]