Filing for bankruptcy was once akin to cutting off an appendage. These days, it has become an almost common way to deal with severe financial issues. It used to be almost impossible to qualify for an unsecured loan following bankruptcy, even from a lender catering to the bad credit crowd. Things have changed in that [...]
Read More...Archive for the personal loans Category
Using Unsecured Personal Loans To Repair Credit Following Bankruptcy
By JCoxen on Monday, March 26th, 2012 | No Comments
New Lenders Taking Advantage Of Poor Economy
By JCoxen on Monday, December 5th, 2011 | No Comments
Lenders offering fast cash at high interest rates are setting up shop in towns throughout the U.S. Customers seeking short-term loans and willing to pay an APR of 200 to 500 percent are flocking to them. Competing lenders are not happy, and not only for selfish reasons. Some say that their customers cannot afford more [...]
Read More...Doorstep Loans Proving An Excellent Cash Source
By JCoxen on Wednesday, November 30th, 2011 | No Comments
Many consumers will find themselves in a financial bind this season. Rather than struggling to make ends meet through the holidays, some look for help. When reviewing the loans available, they realize that many require some form of security. This is not attractive to them, as their financial need is only temporary. Doorstep loans are [...]
Read More...Microlenders Competing With Pawnbrokers and Payday Lenders
By JCoxen on Thursday, November 24th, 2011 | No Comments
Opportunity Fund is a non-profit microlender based in the San Francisco Bay Area. It is currently ranked as the third-largest microlender in the U.S. and is doing its part to help microfinance grow in this country. However, it and other microlenders are facing increasing competition from pawnbrokers and establishments offering payday loans and check-cashing services. [...]
Read More...The Young Face Serious Monetary Issues What About The American Dream
By JCoxen on Thursday, November 10th, 2011 | No Comments
The economic crisis has not been as dire for older Americans compared to the young. The result is the largest gap in wealth ever recorded. The younger generation is burdened with debt and facing stagnant wages. Cash advances and even payday loans have become a way of life for some of them, paving the way [...]
Read More...Bleak Job Market Leads Some To Start Businesses
By JCoxen on Friday, August 26th, 2011 | 3 Comments
The grim economic outlook and stagnant job market has led some people to strike out on their own. It is never easy to start a business but when the economy is in bad shape, it is even more difficult. As millions of Americans face unemployment, many see the opportunity despite the risks and are becoming [...]
Read More...SBA Loans Provide Businesses With A Needed Boost
Ebsco Spring Co. is just one small business that has benefitted from a U.S. Small Business Administration loan in the past few years. The $1.875 million loan took this spring manufacturer from layoff and temporary shutdown two years ago to a record year thus far. Many small businesses have used SBA-backed loans as their lifeline [...]
Read More...Be Aware Of Your Obligations As A Loan Guarantor
By JCoxen on Monday, July 4th, 2011 | No Comments
When people serve as guarantors for the loans of others, they may find themselves repaying the loan if a default occurs. Therefore, it is important to assess the financial capability of the borrower to pay off the loan. Before saying yes to a close friend who asks, an individual should think carefully about becoming a [...]
Read More...Paying The Piper For Our Home Equity Loans
By JCoxen on Friday, June 17th, 2011 | No Comments
Who can forget football legend Dan Marino pitching an “easy” home equity loan on television? Remember DiTech Funding, a General Motors subsidiary? Everyone thought that company was solid, due to its all-American automaker backing. Unfortunately, we were wrong and we are now paying the price for believing Dan and others who convinced us to take [...]
Read More...Debit Card Personal Loans In Brief
By JCoxen on Monday, June 13th, 2011 | 11 Comments
If you need a personal loan, look no further than your debit card. This small piece of plastic may hold the key to your financial future. Being aware of the features of this loan will reveal whether it is the correct type of financing. As with any loan, it is important to adhere to the [...]
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