While there is talk in Washington of trying to create new regulations about exactly how much credit card companies can charge you in interest fees, the fact remains that some credit card companies just seem out to get their customers in trouble. The interest rate on some credit cards, especially if you miss a payment, [...]
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It was announced this fall that Bank of America, one of the largest creditors in the nation, will stop offering any unsecured personal bank loans as of October 31, 2009. Bank of America has, along with several other lenders, been one of the primary sources of personal loans for people with less than stellar credit. [...]
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One of the most controversial areas in financial planning is the concept of debt consolidation loans. The idea behind a debt consolidation loan is that you take your high-interest debt, which is usually debt from credit cards or from retail accounts, and you put it into a single loan with better terms and a lower [...]
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If you’re thinking about taking out a personal loan, you may be inundated with options. Especially for the person with decent credit, it may seem like there are lenders lining up to give you money. In today’s economic environment, however, you need to be careful. Interest rates are near their all time low, and everything [...]
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When you’re in the need for cash, you’ve got options. Especially if your credit is in good shape, you probably have several choices to pick from. That’s not a bad thing. Having different loan options means you can do some comparison shopping. Do the legwork, and you’ll be sure to get the best interest rate [...]
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