Getting loans online can help lower your interest payments but make sure to avoid these traps Getting loans online has gotten a bad reputation, mostly from payday lenders and a few bad credit websites that have taken advantage of borrowers. Online credit can be a good financial tool though if you know how to use it and how to avoid the traps. Like any credit, online loans can help you pay for … [Read more...]
Use these Long-Term Loans to Build Your Credit
Using long-term loans like personal loans or other credit can help fix your credit score through three of your biggest credit score factors When you think of long-term loans, you’re usually planning a big purchase like a house or a car but you might not know that you can also use smaller loans to help improve your credit score. Borrowing as little as $1,000 can help pay off high interest debt and … [Read more...]
How Unsecured Loans Can Ruin Your Credit Score
Use unsecured loans right and you’ll boost your score, miss a payment and you’ll destroy it Think unsecured loans can’t affect your credit score or that they’re different than other loans? Think again. I’ve seen way too many people destroy their credit with unsecured loans because of common misconceptions. It’s not that unsecured loans are bad. They can actually be a good source of quick cash … [Read more...]
Must Read Peer Lending News of the Week
Peer Lending News is a weekly recap of the biggest headlines and analysis in the peer lending industry. I keep track of all the best posts and news to highlight here on the site every Tuesday. Let me know if I miss anything you think readers would want to see. Google Teams up with Lending Club Google and Lending Club have rolled out a huge program for Google partners that offers loans up to … [Read more...]
Must Read Peer Lending News of the Week
P2P News is a weekly recap of the biggest headlines and analysis in the peer lending industry. I keep track of all the best posts and news to highlight here on the site every Tuesday. Let me know if I miss anything you think readers would want to see. Another week and another initial public offer of shares from a peer-to-peer lending platform. OnDeck Capital (NYSE: ONDK) listed shares on the … [Read more...]