Tag Archives: interest

About Subsidized and Unsubsidized Loans

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

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

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

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

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

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

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

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

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

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