About Subsidized and Unsubsidized Loans
There are two types of loans on offer to you, those being subsidized loans and unsubsidized loans. You will need to understand the basics of both of these types before you sign for any loan.
Both of these loans are federal student loans that are offered by the US Department of Education. In order to qualify for either of these loans you must be enrolled at least half-time at your school. They both offer a six-month grace period before you have – Read more
Reasons to Use an Inheritance Loan
An inheritance loan is also referred to as a probate loan, a trust loan or an estate loan. Heirs of an estate that contains real estate, which can then be borrowed against, can use it.
The estate that has been left could be going through probate or through a trust administration process. When this is happening, the heirs of the estate are not able to directly access the asset, which they are entitled to. An heir can then utilize an inheritance loan for – Read more
What to Know About Payday Loans
One of the most expensive ways to borrow is to take out a payday loan, so before you do you need to be 100% sure that you are able to repay it back on time and in full. If not the cost can soon get out of hand.
If you are thinking about getting a payday loan then this is what you need to know.
How they Work
Payday loans are short-term loans that have been created to tie people over until they get their next paycheck. The money is paid straight into – Read more
Subsidized Loan Vs. Unsubsidized Loan
When it comes to higher education a major consideration for many will be how will they finance it. The Federal Government offers subsidized and unsubsidized loans to students that are eligible in participating schools. So what is the difference between a subsidized loan and an unsubsidized loan?
Subsidized loans are provided by the Department of Education to students that are in financial need based on criteria.
Subsidized – Read more
Common Credit Card Misconceptions
In most cases opening a new single account will improve your credit score. This is just one of the many misconceptions that surround how credit cards work. Here is a look at some more of those misconceptions.
I Pay the Balance in Full, So I Don’t Have Any Debt
The smartest ways to use a credit card is to pay the balance off in full each month so that you don’t have to pay any interest.
This does look like that you aren’t incurring any debt, but – Read more
Problems Paying Back a Payday Loan
If you are struggling to pay back your payday loan then there are ways that you can tackle this problem.
Contact Your Payday Lender
If you find that you need help with a payday loan then just know that you are not alone. It is important that you contact your payday lender.
They need to treat you fairly and allow you a reasonable amount of time to repay the loan. This could include freezing the interest and suspending charges or suspend the – Read more
Credit Card Interest
Your credit card balance will be charged an interest by your credit card issuer, just so that you can carry a balance on your credit card after the grace period.
If you do not pay your balance in full every month then you will have finance charges added to your balance.
Interest is charged when you begin your billing cycle with a balance on your credit card.
Interest is also charged any month you make a cash advance or other type of transaction that does not – Read more
Consequences of Missing Credit Card Payments
Missing credit card payments has its consequences and the actions that your creditors take can affect you for months. Here is what could happen with late credit card payments.
Charged a Late Fee
You will notice on your next credit card bill that it includes a fee that is for a late payment. Late fees can range depending on if it’s your first time being late in the last 6 months. You will then be charged a late fee month that your payment is – Read more