Loans
A personal loan provides the total sum of money up front, which also comes attached with a fixed interest rate.
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News & Articles
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Investment Advice During an Economic Slowdown
Investing money can be a difficult task. Knowing where to invest your money and who to trust to invest your money is a big decision. Making it even more problematic is the slump in the economy. Just ask Mike. He has been investing money since he was 25 years old. He thought that his money was safe in this economic slowdown, but when he received his last investment statement, he was shocked by the overall numbers... everything was down... in fact, it looked like he had less money than last year.
- 07/26/08
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Understanding Personal Finance Terms
Part III: Other Types of Financial InvestmentsBesides investing in your retirement fund, there are also many other ways to secure your financial future. Each different option has risks that should be taken into consideration before actually handing over your money. They include the following:
- 07/24/08
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During Difficult Economic Times is a Payday Loan the Answer?
Megan and Bill have been struggling for the past six months to pay their bills. They have been living paycheck to paycheck and with school starting in just a few weeks now they have to get school supplies and new clothes for their two kids. They have no idea where this money is going to come from since they both don't get paid again for three weeks. Bill decides to take out a payday loan to help get them through this difficult time.
- 07/07/08
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Vacation Loans: Good to use or more money to lose?
Let's fact it, everyone needs a break. Whether it is simply time away from your office during the day, taking an extra day to make it a three-day weekend or leaving town, we all need one. If you are considering the latter but can't afford it right now, you may want to consider a vacation loan.
Have you ever needed money in a pinch? We've all been there - without the necessary funds needed to fix the car, pay the utility bill, take a well-deserved vacation, or even finance a promising new business venture. We have the financial resources to fund your immediate monetary needs. Our financial resources include:
Applying for the loan is easy. And the lenders provided for you are dependable, customer-service oriented, and hungry for your business-which ultimately
means lower rates for you!
At first glance, 0% financing appears to be the best option when purchasing an auto. However, if you choose to finance through a bank or credit union you may
be eligible for a dealer rebate. Use this calculator to help determine which is the best option based on when you anticipate selling your car and purchasing a new one.
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Common Loan Terms and Their Definitions
- Assets : Anything to which value can be assigned. Real or personal property which can be appropriated for the payment of debt.
- Bridge Loan: Short-term loan secured by the borrower's current home, that provides temporary financing until more permanent financing is available. Can also be called a swing loan or gap loan.
- Capital: Accumulated money or resources that can be used to generate further wealth.
- Debt: An amount of money owed for services or funds borrowed. Debts may be owed to an organization, individual, or bank.
- Due Diligence: Research or analysis to confirm all facts presented by a borrower, including the verification of all material facts including financial statements and income in regards to a sale.
- Interim financing: Short-term loan to provide temporary funding until more permanent financing is made available.
- Loan Agreement: A written contract between a lender and a borrower that lists the rights and duties involving each party.
- Negative Covenants: Statements of actions or events of the borrower must prevent from occurring that would violate the terms of the original contract.
- Promissory Note: A legal contract binding the borrower's promise to payback the lender.
- Term: The duration of time where loan payments must be paid until the lender receives final repayment.
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