Use this financial dictionary of loan terms to make sure you get the best deal on your loan and use debt responsibly Our financial dictionary of loan terms includes over 50 terms and counting. I surveyed loan officers, lenders and other financial bloggers to put together the most comprehensive list of financial terms around lending. Use the index below to jump to a letter within the financial … [Read more...]
3 Steps to Debt Relief without Bankruptcy
Getting debt relief without bankruptcy is easier than you think with this process Bankruptcy seems like an easy solution but it's far from it. You may be able to wipe out a few thousand in debt but you'll be left with a ruined credit score and a lot of other issues for up to ten years. Those bankruptcy problems range from super high interest rates that cost thousands of dollars to not being … [Read more...]
Are Peer Lending Stocks Too Dangerous for Investors?
Which is the better investment, peer lending stocks or direct investment in the peer loans? Peer to peer lending not only represents an excellent opportunity for borrowers but a step forward in access for investors. By cutting out the banking middle-man and all the other steps in the loan securitization process, p2p represents a leap forward in finance. I’ve posted several peer to peer lending … [Read more...]
How to Start a Business on Bad Credit
Don’t be locked out of the American dream. These two options can help you start a business even on bad credit Bank lending has slowed to a crawl since the financial recession and even good credit borrowers have had trouble getting loans. It’s made it nearly impossible for anyone with bad credit to start a business. That means the disparity between rich and poor may grow even larger as those … [Read more...]
How to Tell Good Debt versus Bad Debt
Debt isn’t necessarily good or bad. The difference between good debt and bad debt is how you use it. I’m a bit of an outsider when it comes to financial bloggers. Read other blogs and you’ll come across dozens of articles on how to pay off all your debt and live debt free forever. You’ll hear how debt, not money, is the root of all evil and why you should avoid it at all costs. Don’t believe … [Read more...]