Money Management

Why Do Fast Loans Carry Such High Interest Rates?

Consumers who encounter a financial emergency often need fast loans to borrow money, but they typically need lenders to process their applications quickly. Cash-strapped borrowers may not have the ability to wait a week or more to receive the funds needed to repair the family car, pay for a spouse to visit a doctor or

Unsecured Loans Usually Include Sky High Interest Rates

When shopping for a loan, borrowers typically have to choose between unsecured loans and secured loans. Secured loans are backed by one or more assets that the lender can seize and sell to recover at least part of the loan if the borrower defaults. Unsecured loans do not require collateral, but these types of loans

Should Personal Loans be Used to Start a Small Business?

It is not always easy to find the money to launch a new business. Traditional business loans are normally not an option for a fledgling business; lenders prefer to make loans to companies with established records of sales and expenses. However, insufficient funding is one of the leading reasons that new businesses fail. Caught between

Yes, Virginia, You Can Still Get Personal Loans with Bad Credit

Personal loans for bad credit might not be the same as a visit from Santa Claus, but getting a loan could make the difference between a happy Christmas and a disappointing one. A recent article in Reviewjournal.com provided some practical advice for getting loans even when you have bad credit. The article recommends several appealing

Don’t Let Lack of Capital Hold Back Your Entrepreneurial Dreams!

Traditional funding sources for small businesses typically include small business loans, venture capital, angel investors and public and private grants. Getting help from government sources, such as the Small Business Administration, might seem challenging, but President Obama signed the Small Business Jobs Act in 2010, which offers multiple ways to get the funding you need

Personal Loan Options Expand with New Mobile Apps

There are a steadily increasing number of lenders, peer-to-peer loan companies and alternative financing strategies that you can use to find a personal loan, so many consumers appreciate being able to find, manage and request loans using mobile apps. Androidapps.com and other sources now provide convenient mobile apps that take the drudgery out of requesting

Strong Growth in Personal Loans With P2P Lending Leading Charge

Personal loans have recently experienced a surge according to a report posted at SMH.com.au. The article cited a strong increase in applications for personal loans during the fourth quarter of 2016, which was 12.4 percent higher than during the same period in 2015. The increase was largely credited to peer-to-peer, or P2P, lending, which is

7 Great (and Not so Great) Options for when You Need Fast Cash

A financial emergency is often a desperate situation, one full of challenges and tough decisions. Car repairs, medical bills and unpaid utilities frequently fall into this category as does an unexpected job loss or other kind of personal tragedy like a house fire. For these types of money-based financial urgencies, there are seven great, and

How to Borrow Money When Your Credit is Absolutely Shot

Most people believe that when an individual has a high credit score, then the lending world is his or her oyster, but what if your credit score is on the low side? When it comes to how to borrow money when your credit is shot, it’s easier than you think. Options range from bad credit

Using Cash Loans Wisely – Ensure Your ROI Exceeds Your Interest Rate

While the economy is improving, low wages and poor credit are causing millions of people to continue to struggle with their finances. If you’re one of them, a cash loan may help your situation, but when it comes to borrowing money, it’s important to do it the right way and avoid becoming mired down in

Online Installment Loans May Soon Face Onerous Obstacles

Online installment loans may soon face onerous obstacles from the bureau and other regulatory agencies. Over the last year, U.S. policymakers turned their regulatory eye toward the online lending industry. The Consumer Financial Protection Bureau, or CFPB, has released a set of proposals that will affect lenders regardless of their processing platform. Because of this,

Bad Credit Installment Loans – A Bad Choice Isn’t the Only Choice

When people resort to bad credit installment loans, they often do so because they’re in a tough financial spot. While middle-class and wealthy consumers generally have access to several borrowing sources, those who are on the low side of the annual income scale are usually forced to borrow money from payday loan and installment loan

Loans for People with Bad Credit — Are the High Interest Rates Justified?

One way that lenders can reduce their risks is to charge higher interest rates for loans to people with bad credit, but is this approach justified?Lenders have long known that there is a correlation between how borrowers have handled credit in the past and how they will handle it in the future. If the borrower’s

7 Awesome Options when You Need Cash Now – Without Borrowing!

You don’t always need to borrow money to cover emergency expenses. When people need cash now–regardless of why–many turn to payday loans, credit cards, auto title loans, second mortgages and loan products from banks and credit unions, but each of these fixes increases your total indebtedness and could trigger a downward spiral of debt. Taking

When Banks Won’t Lend – Bad Credit Borrowers and Payday Loans

When banks won’t lend, bad credit borrowers often turn to payday loans. When borrowing money from a bank, many factors are considered before a traditional financial institution will issue a loan. These factors include the borrower’s annual income, credit history and debt-to-income ratio. If a loa consumer fails the bank’s lending criteria, then the would-be

The Ease of Getting a Cash Advance Online Carries a Stiff Price

With access to the internet, people are adapting to new ways to live. From ordering presents from Amazon for the holidays to paying bills online, the internet has made everyday life more convenient. This includes access to cash. Today, when money is tight, consumers can request extra funds online, but the ease of getting a

Cash Advance Loans Targeted Toward People with Bad Credit

When unexpected financial emergencies materialize, most people struggle to find the extra money to cover them. For those with good or excellent credit, borrowing options are available, but if a money-based crisis happens to someone with a low credit score, the situation can be devastating. This is why cash advance loans are targeted toward people