Expert Explains
The cover of an old pulp thriller comic book. The title is "Beware – Chilling Tales of Horror." Depicted is a man tied up in ropes in what appears to be an old gothic castle. Three hungry rats are deciding whether to dine on the hapless prisoner.

Social Security recipients, beware banks pushing personal loans

Social Security recipients – particularly those who depend entirely on it – don’t need anyone skimming off the top. That’s why there is a plan on the table to eliminate paper Social Security checks entirely. The Wall Street Journal reports that the Treasury Department plans to stop issuing paper Social Security checks by 2013 and
How will the financial reform benefit us?

Financial Reform | Credit and borrowing for the average person

The financial reform bill passed by the Senate on May 20 intends to keep greedy Wall Street billionaires from taking advantage of the rest of us. But financial reform isn’t just about the big banks. It is about convenient access to credit, fair credit reporting information, an affordable mortgage, and how using credit and debit
Piggy Bank

Getting good rates on personal loans

If you’re getting into the market for personal loans, there are a few things that can help you get the best personal loan rates. First thing in rates for personal loans is credit score Your credit score is one of the most important details about your financial life, and it is also significant when you

Intrafamily loans, done right, benefit both lenders and borrowers

Intrafamily lending is gaining in popularity as credit remains tight and interest rates are at historic lows. When parents lend money to their children for a mortgage, it can create a win-win situation. Children can get their mortgage, auto or college loan at a better rate and parents can get a better return than most

Know your credit score, and take steps to raise the number

To improve your credit score, nothing works better than paying off your credit cards and taking them out of your wallet. Knowing your credit score is the most basic fundamental of credit repair. But it’s even more important to know what affects  your credit score. And even more important than that is knowing what you
Bridge

Bridge Loan basics: Financing short-term obligations

Though the term comes up most often during real-estate transactions, bridge loans are becoming more popular for many reasons. Bridge loans are relatively simple to understand. Like most financial products, however, the details are what can make a bridge loan work out — or not. Bridge loan basics A bridge loan began as a form
College graduates

Personal loans to attend for-profit schools can be risky

Potential students should be cautious if considering going to a for-profit, private college. Though college is usually worth taking out some personal loans to fund, the for-profit schools have higher default rates and are often at odds with state authorities. Some schools are worth it, but people should do their homework before attending. The Donald
Students in graduation attire

Students have a hard time paying off personal loans

It is getting harder for students to make payments on the loans they borrowed to pay for an education. The default rate on students’ personal loans is rising nationwide, and lenders, including the federal government, are not forgiving despite a tough economic climate. Loan payments not as expensive as having to lawyer up The U.S.

Raising a credit score saves a fortune in a lifetime of borrowing

A good credit score is more important than ever. The  credit crunch has raised the bar on credit scores. Raising a credit score is necessary now to get a loan and get a good interest rate on that loan. A good credit score saves money. A bad credit score costs money. A FICO credit score

The advantages of a personal loan over a credit card

For borrowers with good credit, a personal loan could be a more sensible option than a credit card. In fact, more banks have been issuing personal loans as new credit card rules have caused consumer confusion and a rash of new fees and penalties. With planning and discipline, a fixed payment instead of payments based