Are Student Loans Considered Unsecured Debts?

Are Student Loans Considered Unsecured Debts

The majority of students in the United States living away from home take on a student loan. Student loans are unsecured debts. Student loans are unsecured because any qualifying student can have one, and there is no collateral. If it were a secured debt, you would have to have something of value that the lender […]

Do Car Payments Build Credit

car key with dollars and calculator

That new car smell, the envious looks from a passerby, and the wind in your face are all thrills of purchasing a new car. But do car payments build credit? Car loans can have a good and bad impact on your credit score depending on if you repay the auto loan in full and make […]

How Many Personal Loans Can You Have at Once?

How Many Personal Loans Can You Have

Personal loans are a convenient way to finance needs that surpass our available resources because they have reasonable interest rates and have a consistent expected monthly installment and a determined payoff date. It is very easy to find yourself needing more money after you have already taken a personal loan. For example, you might have […]

What is Creditworthiness & What Factors are Considered?

What is Creditworthiness

What is creditworthiness? Creditworthiness is an important financial topic to understand because it impacts how credit lenders decide if you can get new credit. Your creditworthiness also plays a big role in your credit score. Because of this, you must understand what creditworthiness is, how to check your creditworthiness, and what you can do to […]

Moving Loans Guide: How to Cover Moving Expenses

Moving Loans Guide

Whether it’s for work or you just decided you like Florida better than Mississippi, moving can be an expensive affair. For most people, this often involves roping in the family to help with the heavy lifting. However, at the end of the day, there are some moving expenses that you can’t avoid. These are things […]

The Medical Debt Relief Act Explained Simply

The Medical Debt Relief Act of 2019 The Medical Debt Relief Act was introduced by Senator Jeff Merkley, D-Oregon, in May of 2019. The Act makes changes to the Fair Debt Collection Practices Act of 1978. The amendment controls when debts for medical bills can be reported to credit reporting agencies. The Act says that […]

Medical Debt Consolidation

What is Medical Debt Consolidation? It’s possible to owe more than one healthcare entity medical care money. This is usually as a result of several out-of-pocket healthcare costs. Medical debt consolidation involves combining all individual medical debts so that you only make one payment on a specific date, monthly. Having just one payment date means […]

Debt Consolidation vs. Bankruptcy – Which is Better?

Drowning in debt is a scary experience and not a place you want to stay. Thankfully, there are legal paths you can take to obtain relief and hope for the future. Today we’re going to compare two of the most common: Debt Consolidation vs. Bankruptcy. We’ll look at both of them to help you better […]