Loan contracts come in a variety of forms and terms. This can really range from a simple promissory note between friends and family members to more complex loans like auto, payday, mortgage and student loans. Irrespective of its type, each loan will be governed by policies and guidelines to protect customers from adverse practices such…
Bankruptcy can be very emotionally damaging because it causes embarrassment and financial troubles. Many people think that they will never be able to get bankruptcy auto loans because it takes a heavy toll on the credit score. Thankfully, this is not true. It is definitely difficult to take this loan, but it is not impossible…
The initial process of car financing is ideally set up. You approach your local car dealership, select the car you want and apply for the loan. However, in case of a car buyer with a poor credit history, getting a loan may be difficult due to the absence of a co-signer. Despite a damaged credit…
Private money loans are also known as hard money and come from private lending companies that provide loans to home buyers to purchase a specific property. Typically, home buyers often find these lenders by associating a real estate investment club in their area. These loans are often secured by home investors. But unfortunately not every…
With a solid credit history, you can successfully apply for a personal loan and expect speedy processing of the same to meet temporary financial glitches in life. Personal loans are all-purpose loans that can be availed in the form of secured or unsecured loans. These can be used for a variety of reasons and the…
A recent study by the National Center for Education Statistics shows that 50% of recent college graduates have student loans, with the average student loan debt being $10,000. The average cost of college rises at twice the rate of inflation. The rising cost of college makes it difficult for aspiring college students to get enough…
Student loans are available to attend the college or university of your choice. You can apply for student loan online. Student loans, while not likely to be the largest debt owed by an individual, can be best managed in consolidated student loans. Private student loans are based on the applicant’s creditworthiness, often require a co-signer,…
Most students will need to take out student loans at some point during their tuition. It is important to understand that once you have received your loans you will need to keep them in order. This o you can always keep track of your loan status, when payments are due among other things. In this…
Almost everyone knows that student loans are basically non-dischargeable. There are some very specific circumstances where you can still discharge your student loan debt today, but it’s a narrow exception that often requires a fight and money to fight for. We’ll discuss the current state of dischargeability in a future post. The landscape around student…
One of the questions most students are asking today is ‘How do I get a student loan?’, it seems to be at the top of everyone’s hot list and rightly so. Because once you have a financing plan in place with one student loan or multiple loans if necessary, everything else will fall into place….