According to the New York Times, the Federal Reserve increased the benchmark interest rate for the fourth time of 2018 on December 19. The benchmark interest rate is the rate that the Fed charges the banks to borrow from them. This higher interest rate trickles down to loan customers of all kinds. Of course, higher… Keep Reading
JL Llavina is the founder of American Loans and a long-term finance expert that has worked with loans for over two decades. He was born in Argentina and immigrated to the United States by coming to Utah to attend College at Brigham Young University. This is where he started doing various jobs to make ends… Keep Reading
Entrepreneurs may have poor credit for many reasons, including college debt, bankruptcy, or divorce–just to name a few. For many startup businesses, this can make it difficult to build business credit. The good news is, there’s a way to build business credit despite a lower personal credit score, and you don’t need to wait for… Keep Reading
The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt. Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans… Keep Reading
The once thriving payday loan industry in the UK is on the verge of collapse following the recent rise in compensation claims, reports the Prague Post. Although the industry was once worth around £2 billion in 2013, it has recently seen a huge overhaul following the introduction of stricter regulation by the FCA which has… Keep Reading
Having a bad credit score is obviously a major stumbling block for most loan applicants. Banks and other lending institutions such as credit unions view you as a high-risk client. Although every lender has their own loan qualification standards, the primary factor for calculating the terms of your loan often depends on your credit history.… Keep Reading
Lenders make mistakes, too. Foreclosures put your most valuable investment at risk, and there are times when a foreclosure is warranted. If a borrower fails to make payment, the lender has a right to recuperate their investment in you by foreclosing on your property. Examples of foreclosure errors can be seen with Bank of America.… Keep Reading
Finding a loan in Singapore can be extremely important if you have not taken out a loan before. Not all lenders are created equal as some will try to charge more interest than others. There are a plethora of factors that will come into consideration when trying to find a loan. If you have defaulted… Keep Reading
It’s widely understood that transforming a poor credit score is a process requiring a great deal of time and patience. There are many good reasons for requiring such an extended period of time to restore one’s credit score, and yet consumers saddled with a poor credit score are right to feel frustrated by the perceived… Keep Reading
At the beginning of every year, we make different plans and resolutions. These resolutions may be as simple as spiritual growth or as demanding as home improvement. Either way, be they simple or complicated, achieving your goals for the year demands both sweat and financial equity. While you may be willing to do the work,… Keep Reading
