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Loan basics

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What Is Deferred Interest?

Deferred interest loans or credit cards may sound like a great deal, but if you don't read...

Emily Starbuck Gerson profile imageBy Emily Starbuck Gerson
Jun 8, 2023

How to Choose the Best Loan Term for Your Needs

Choose a different loan term to adjust your monthly payment, interest rate or overall loan...

Gayle Sato profile imageBy Gayle Sato
May 13, 2023

What Is a Secured Loan?

Here's what you need to know before you take out a secured loan, including the pros and co...

Evelyn Waugh profile imageBy Evelyn Waugh
May 4, 2023

Can I Get a Loan to Pay Off Medical Debt?

Are you thinking of getting a loan to pay off medical debt? Before you do, check out these...

Karen Axelton profile imageBy Karen Axelton
Mar 31, 2023

Steps to Take if Your Loan Preapproval Is Declined

If your loan preapproval was declined, you have the right to find out why. It's worth it s...

Emily Starbuck Gerson profile imageBy Emily Starbuck Gerson
Feb 28, 2023

What Is an Unsecured Personal Loan?

Learn how unsecured personal loans work and the pros and cons to consider before applying....

Louis DeNicola profile imageBy Louis DeNicola
Jan 21, 2023

Is a Collateral Loan Right for You?

Collateral loans can be a beneficial way to borrow money in certain circumstances, especia...

Kathryn Pomroy profile imageBy Kathryn Pomroy
Jan 13, 2023

What Happens if Your Loan Is Denied?

If you apply for a loan and get denied, these steps can help you determine the right steps...

Ben Luthi profile imageBy Ben Luthi
Jan 10, 2023

How to Become a Prime Loan Borrower

If you want to become a prime loan borrower, here are some steps to help you achieve your ...

Ben Luthi profile imageBy Ben Luthi
Oct 30, 2022

What Is Loan Deferment?

Loan deferment can give you a break on loan payments for a preset time period, but what th...

Ben Luthi profile imageBy Ben Luthi
Aug 31, 2022

What Is the Difference Between a Grace Period and Deferment?

Grace periods and deferments are tools that help you delay loan and credit card payments w...

Gayle Sato profile imageBy Gayle Sato
Aug 29, 2022

How Much Does a Prepayment Penalty Cost?

Paying off your loan early can save you on interest fees, but it's important to know if th...

Emily Starbuck Gerson profile imageBy Emily Starbuck Gerson
Jul 13, 2022

What Is an Amortized Loan?

Amortization splits your payments between interest and principal. As you pay off your loan...

Kathryn Pomroy profile imageBy Kathryn Pomroy
Jul 9, 2022

What Does Subprime Mean?

Lenders see subprime consumers as riskier than prime borrowers, and charge them higher int...

Louis DeNicola profile imageBy Louis DeNicola
Jul 9, 2022

What Is a Balloon Payment?

Balloon payments can be good borrowing options in some circumstances. But they don't come ...

Kathryn Pomroy profile imageBy Kathryn Pomroy
Jun 30, 2022

How to Reduce Your Total Loan Cost

With interest and fees, loans typically cost more than the amount of money you borrow. But...

Sarah Archambault profile imageBy Sarah Archambault
Jun 7, 2022

What Is Negative Equity?

If you have a car loan or mortgage, here’s what to know about how negative equity works, h...

Ben Luthi profile imageBy Ben Luthi
Jun 5, 2022

What Is a Courtesy Loan?

A courtesy loan, such as a payday or title loan, can give you quick access to cash, but it...

John Egan profile imageBy John Egan
Jun 8, 2021

How Do I Qualify for an FHA Home Improvement Loan?

If you need to make critical repairs or improvements to a property you already own, you ma...

Emily Starbuck Gerson profile imageBy Emily Starbuck Gerson
May 9, 2021

Do Deferred Payments Affect Your Payment History?

Deferred payments do not negatively affect your credit history. But before you agree to de...

Jennifer White profile imageBy Jennifer White
Aug 26, 2020

How to Qualify for a Loan When You’re New to Credit

If you're new to credit, it can be tough to get approved for a loan. Here are some tips to...

Ben Luthi profile imageBy Ben Luthi
Jun 14, 2020

What Is an Ideal Debt-to-Income Ratio?

Lenders use debt-to-income (DTI) ratio to gauge your ability to handle new loan payments, ...

Jim Akin profile imageBy Jim Akin
May 5, 2020

What Is Peer-to-Peer Lending?

Peer-to-peer lenders make rate shopping quick and easy, and qualifying borrowers may find ...

Jim Akin profile imageBy Jim Akin
Jan 29, 2020

How Subprime Loans Can Affect Your Credit

Subprime loans can either help or hurt your credit based on how you handle your payments. ...

Ben Luthi profile imageBy Ben Luthi
May 10, 2019

Video: What Do Lenders See When They Check My Credit?

What do lenders see when they request your credit report? It may surprise you to know that...

May 21, 2015

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