Get Educated!

Advance Fee Loan Scams- A personal loan where the lender is requesting monies upfront as security for your loan is going to be a scam 99.9999/100.

Is Applying Online for a Loan Safe?- Being able to apply for a loan over the Internet is an excellent convenience. However, there are thousands of websites offering online loans, with many of them taking advantage of unexpecting victims via various scams.

Loan Aspects to Avoid- When in the market for a personal loan, to avoid taking out a loan with a total cost that will be more than the amount you borrow, it would be a good idea to familiarize yourself with varying loan aspects to try and avoid.

Difference Between Credit Reports & Credit Scores- Nowadays, every time you sit down to watch television, you can rest assured that you are going to see at least one commercial every hour promoting some sort of credit report and score product. A great misunderstanding by many is that these two phrases mean the same thing.

Potential Disadvantages of Personal Loans- When you compare personal loans with secured loans, it is easy to identify some potential disadvantages.

First Time Borrower's Guide- Applying for a personal loan can be a bit tedious even for the most seasoned borrower. Determining how much to borrow and for how long is not an easy decision to make, especially since the interest rate you receive can be heavily dependent on your borrowing amount and term.

Guide For Reducing Debt- When you spend more than you earn, you end up in debt. It's a pretty simple equation. Being in debt can make it difficult to live routinely with spending but more so to get approved for any type of new credit. Good news, the steps for reducing and eliminating debt are also a simple equation. The hardest part is staying on track and being consistent.

Understanding Interest Rates- Interest rates are the cost you pay your lender for your loan. When applying for a personal loan, it's important that you understand what interest rates are and how they work.

Maximized Borrowing Power-When considering a personal loan, it's a good idea to not only shop around before applying, but to also make sure your credit report is totally accurate; that your information listed is free of errors and is also current. In addition, while it can take several month, if you have the time before applying, there are things you can do that can help raise your credit score and rating.

Impact Of Poor Account Management-Being that there is no collateral securing an unsecured loan, these loan types are deemed as high risk. The consequences for not practicing strong account management and not paying your monthly loan obligation timely and in full, or even worse defaulting on your loan, are severe. More severe than not paying a secured loan; auto loan or mortgage.

What's The Right Loan Type For Me, Secured Or Unsecured?-Understanding the difference between the two is pretty critical when determining what loan type is your best choice. You'll accomplish the same with both, obtaining money. But each have very different costs/fees and terms associated with them as well as processes for obtaining.