Short on Cash? Ditch the Credit Card and Get a Personal Loan

Bildagentur Zoonar GmbH/Shutterstock Paying for everything in cash (even a house) is a great goal, but thanks to Murphy’s law you will eventually find yourself cash-poor and in need of an immediate infusion of liquid assets. Loan seekers used to go scrambling to banks and credit unions — and many would get turned away due to minimal credit history and strict underwriting criteria. But new companies are changing the way you’re evaluated...

Should I Defer My Student Loans?

Generally, student loans are taken out for each year of school — so if you’re in a four-year undergraduate program, you’ll graduate with at least four separate loans, one for each year. (This is when, and why, loan consolidation comes into the picture.) The reason you don’t have to pay on each loan as it is disbursed is something called deferment, which is an option that allows you to temporarily postpone payments on your loans. For certain types of...

Common kinds of unsecured loans

The main content of this article will focus on introducing some of the most common types of unsecured personal loans in order to help people to pick the most suitable loan on the base of their demands. The most basic kind of unsecured loan can be counted as signature loans. From the literal meaning, they are secured with nothing apart from your signature. These loans are provided by banks and credit unions to do anything that you want. In most cases,...