If you’re struggling with debt, know that you’re not alone. The Federal Reserve Bank of New York’s Center for Microeconomic Data recently revealed that household debt in the U.S. increased $286 billion during the third quarter of 2021 (up to 15.24 trillion total). You’ve probably thought about debt consolidation and whether it’s a good solution. […]
A credit score is a number that shows how responsible you are when you borrow money. It considers your financial history and predicts how likely you are to repay debt. The higher your credit score is, the greater your chances of getting approved for a loan with a low interest rate and favorable terms. While […]
Compared to a short-term loan that you can repay in a few years, a long-term personal loan has repayment terms of at least five years. While long-term personal loans can make your monthly payments more affordable, they may come with a higher interest rate. Also, since you’re stretching the time you take to pay back […]
It’s no secret that there’s a labor shortage in the U.S. According to the most recent data from the United States “Job Openings and Labor Turnover” (JOLTS) report, over 4.4 million employees have quit their jobs since the pandemic began for various reasons — concerns about safety, lack of child care, and not wanting to […]
When you need money for a large purchase or a home improvement, a loan can help you get the money you need. But should you use a personal loan or a home equity loan to get the cash you need? Let’s take a look at personal loans vs. home equity loans so you can figure […]
