Tag Archives: interest rate

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

How To Rebuild Your Credit After Bankruptcy?

How To Rebuild Your Credit After Bankruptcy?

Bankruptcy discourages many creditors and lenders to do business with you. However, if you have a strategy in place after bankruptcy then you might just be able to get back on your feet financially.

When you file for bankruptcy, your credit score takes a hit and will end up in the lowest rankings depending on the severity of your bankruptcy and your past credit history.

However, there are ways that you can build better credit after you have – Read more

What is a 30 Day Payday Loan

What is a 30 Day Payday Loan

A 30 day payday loan gives you 30 days to repay the loan which starts from the moment that you borrow money. Payday loans are short term loans that are paid back when you receive your next paycheck. Most people are actually paid weekly or biweekly, so many payday loans are structured around this time period. It is possible to get a 30-day payday loan, but keep in mind that you will be paying more in fees for a longer term.

Payday loans have fees attached and – Read more

Benefits of Student Loan Refinance

Benefits of Student Loan Refinance

The main benefits of refinancing a student loan is that you could negotiate better terms or lower your monthly payments and free up some extra cash.

Here are the top benefits of student loan refinance.

Lower Interest Rate

When you take on a new student loan or you choose to consolidate the loan, the interest rate could be different to what you are currently paying. This means that you could get a lower interest rate.

Lock in Low Interest – Read more

Avoiding the Payday Loan Trap

Avoiding the Payday Loan Trap
Getting into a payday loan trap is quite common and is such among young professionals. This is due to their refusal to ask for help and would rather rely on payday loans and cash advances to help cover their bills.
The only issue with payday loans is that they have…

Lesser-Known Facts About Student Loan Grace Periods

Lesser-Known Facts About Student Loan Grace Periods

A federal loan has a grace period, but this differs between the type of loan and the terms of the loan.

During the grace period, payments aren’t due, but there are student loans that will incur interest during this time and in turn will increase the total amount that is owed.

Here is a look at things you may not know about a student loan grace period.

The Government Is Looking Out For You

Many federal loans will have a grace p – Read more

Advantages of Federal Student Loans

Advantages of Federal Student Loans

Before you take any type of loan you need to do your research. If you are looking for a way to pay for your education then here are some advantages to Federal Student Loans.

The interest rate on federal loans is fixed, which means that the payments will not raise or fall according to the market.

 

Free insurance is provided for by the government. This means that if you die or become disabled your loan will be – Read more

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