January 2013

Why Is the APR Higher on Short-Term Loans?
January 31, 2013

Why Is the APR Higher on Short-Term Loans?

The annual percentage rate, or APR, is a consumer financing tool used to compare one loan offering with another. The APR is NOT the interest rate. Rather, it is the cost of money borrowed, expressed as an annualized rate. Lenders are required by law to disclose the APR to consumers before a consumer loan can […]

by Briana Fabbri
Pros and Cons of Using Home Equity Loans to Consolidate Debt
January 30, 2013

Pros and Cons of Using Home Equity Loans to Consolidate Debt

When faced with multiple payments, higher rates and a growing debt burden, many consumers look for a debt consolidation loan. A debt consolidation loan is a financing program that replaces multiple credit accounts with one consolidated loan. Instead of ten credit card accounts with ten payments, the borrower will have one loan with one monthly […]

by Briana Fabbri
Paycheck
January 30, 2013

Then and Now: Just How Far Does a Paycheck Get You? (Infographic)

According to a TNS Omnibus survey by NetCredit, 1 in 2 Americans are living paycheck to paycheck. We decided to take a historical review of the cost of living in the past versus today, and the results were eye-opening. Check out our exclusive infographic, as we chart how the minimum wage, federal income tax collection, […]

by Briana Fabbri
Is That Online Lender Legit?
January 28, 2013

Is That Online Lender Legit?

The internet has changed the way we do most everything, especially when it comes to shopping for goods and services. Consumers are increasingly turning to the web to buy books, purchase music, reserve hotel rooms, or book flights. They are also applying for credit cards, mortgage financing and personal loans through online lenders. But how […]

by Briana Fabbri
Types of Consumer Credit Cards
January 24, 2013

Types of Consumer Credit Cards

When credit cards were first issued by banks, the method was pretty straightforward. Instead of paying for an item with cash, consumers would hand the merchant their credit card. The merchant would check the card’s number against a monthly blacklist issued by the credit card company and then run the card through an imprinting machine. […]

by Briana Fabbri
Top Auto Loan Companies in U.S.
January 23, 2013

Top Auto Loan Companies in U.S.

Automobile sales have been one of the key drivers of the U.S. economy for nearly a century. And one of the most important forces behind car sales is car financing. According to a 2012 report by Experian, the total amount of outstanding car loans in the U.S. grew by $26.8 Billion from Q1 2011 to […]

by Briana Fabbri
Information on the Importance of Good Credit
January 23, 2013

Information on the Importance of Good Credit

Your credit score is one of the most important measures of your financial health. By maintaining a good credit record and engaging in fiscally responsible behaviors, you can reap many benefits that are often not available to individuals who fail to manage their credit and finances. Unfortunately, not everyone understands the significance of their credit […]

by Briana Fabbri
More Lenders are Automating to Make Borrowing Easier
January 21, 2013

More Lenders are Automating to Make Borrowing Easier

Even if you haven’t applied for a loan in a while, you can probably remember the process. If you used a non-local lender, you filled out a loan application, signed several authorization forms and mailed off your request. Soon, your loan approval arrived in the mail, along with a loan agreement spelling out the specifics […]

by Briana Fabbri
How to Get a Checking Account with Bad Credit
January 17, 2013

How to Get a Checking Account with Bad Credit

Damaged or bad credit can make it difficult to obtain financing, make major purchases and get some jobs. They can even prevent some individuals from obtaining a checking account. Because having a checking account is such an essential financial need in today’s world, that inability to get a checking account can be debilitating. People can […]

by Briana Fabbri
How Do Americans Pay for Health Care Today?
January 16, 2013

How Do Americans Pay for Health Care Today?

For the past few years, one of the most talked about consumer issue has involved the health care debate. Although it has subsided in recent months, with all eyes focused on the fiscal cliff, health care costs and health insurance coverage continue to be a concern for many legislators, politicians and individuals. When President Obama […]

by Briana Fabbri

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