Student loans are a looming part of higher education that gives most prospective students a headache before they’ve even started the application process. Alas, prospective and former students rejoice—here are some tips for paying off your loans quickly. Know what you’re getting into. Make sure you read up on your loan and the interest rates…
A 401(k) loan is an easy and cheap way to borrow, and although that may be enticing, it’s also an incredibly risky move. These types of loans have incredibly low interest rates, meant to grab those seeking out a loan’s attention. The Detroit News says, “If you stop your 401(k) contributions to repay the loan,…
Wells Fargo is joining the other U.S. banks that now give low down mortgage payments, offering home loans of up to $417,000 with a three percent down payment. Loan takers will need good credit (FICO scores of 620 and higher) to be eligible for a loan, but Wells Fargo is allowing people with higher debt…
Alaskan utility customers may soon find a pleasant surprise in the form of loans. For energy efficient upgrades and adding renewable energy systems, they will be paid back through their monthly bills. Known as “on-bill financing,” this is already done throughout the country. Gov. Bill Walker signed a bill into law to suspend service to…
There are two groups of people in the financial world: those who believe personal loans are a good idea for paying off credit card debt and those who disagree. These are a few reasons why it is not worthwhile to pay off credit card debt with a personal loan. A lot of times, the amount of debt…
Sure, there are lots of great reasons to get a personal loan – but what about those less-than-stellar reasons? The truth is, personal loans are not always the right financial choice. Read on to learn when to say ‘no’ to that personal loan. Image via Flickr/Federal Student Aid Continue to original source.
Consumer research shows that many Americans spend 24 hours or less researching auto loans before signing on the dotted line. Unfortunately, most of them end up paying more than necessary, simply because the lack information. Read on to learn how to avoid the three most common auto loan mistakes. Image via Flickr/tomex007 Continue to original…