Are Student Loans Unsecured Debts?

Most students in the United States live away from home, so they have to take on student loans. 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 […]

Does a Car Payment Build Credit?

That new car smell… The envious looks from a passerby… The wind on your face… …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 timely payments. […]

How Many Personal Loans Can You Have at Once?

Personal loans are a convenient way to finance purchases that cost more money than we have. They have reasonable interest rates, predictable monthly installments, and determined end dates. It is easy to find yourself needing more money after taking a personal loan. For example, you might have underestimated the cost of finishing a project and […]

What Factors Contribute to Creditworthiness?

Creditworthiness is an important concept in the world of personal finance. It affects everything from your ability to secure a loan, get approved for an apartment lease, or even open a new credit card. As such, understanding what factors contribute to creditworthiness can be invaluable when it comes to making decisions about your financial future. […]

Loans to Cover Moving Expenses

Moving can be an expensive affair, whether it’s for work or you just decided you like a new adventure. For most people, moving involves roping in the family to help with the heavy lifting. However, there are some moving expenses that you can’t avoid. These include hiring a moving truck and putting down a security […]

Medical Debt Relief Act 2019

The Medical Debt Relief Act of 2019 The Medical Debt Relief Act was introduced by Senator Jeff Merkley, D-Oregon, in May 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 reporting […]

Medical Debt Consolidation

What is Medical Debt Consolidation? It’s possible to owe more than one healthcare entity medical care money. This is usually 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 you […]

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 […]