POSTS TAGGED : personal finance

4 Things to Know About Payday Loans

Are you considering taking out a payday loan for an emergency, such as a medical bill or catching up on your car repair? Do you think that payday loans are too good to be true? Well, here’s what you should know about them before choosing an online lender like FlashApply and heading down the route of becoming one of the five million Americans with a payday loan.

Online loans application

Pros and Cons of Payday Loans

When you need a short-term financial solution, a payday loan can be a great option. However, there are also some cons to consider before taking out a payday loan.…

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7 Deadly Mistakes College Students Make Financially

College students are often faced with a lot of financial decisions. From deciding what to major to ensuring they have enough money to pay for textbooks and the occasional pizza. College students constantly face essential decisions that will affect their future. While college is an exciting time, it can also be financially stressful—especially if you make common mistakes.

College student financial management

This post will discuss seven college students’ financial mistakes and how you can avoid them.

Not Hiring an Affordable Essay Writing Service

You don’t have to do it all yourself. As a college student, you should know that there are plenty of resources like write my essays services.…

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Best Pension Plan For Your Retirement

Choose the correct pension plan by using this unique tool

Retirement planning

Retirement planning is a critical component of an individual’s financial preparation. It is vital to save enough money for your future to provide for your family’s requirements without relying on others once you retire. It would be tough to maintain your lifestyle after retirement if you have no savings or investments.

Even if you save money in a bank account in the future, the inflation rate may lower the amount and value. As a result, it is critical to identify and select a suitable pension scheme that will assist you in building your corpus without having to worry about the variable inflation rate.…

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How to Avoid Paying High Interest on Personal Loans

Interest rates on personal loans vary depending on the lender, the amount of the loan, and the borrower’s credit history. Generally, personal loans have higher interest rates than other types of loans, such as auto loans or home equity loans. Before you do anything, make sure to compare personal loan rates so you get the best deal.

Taking personal loans

The average interest rate on a personal loan is about 10%, but rates can range from around 6% to 36%. Borrowers with good credit can usually qualify for personal loans with lower interest rates. Those with bad credit may have to pay higher rates, sometimes as high as 30% or more.…

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8 Tips to Borrow Responsibly

Life is unpredictable. You can go through life doing everything right – only buying what you need and saving 15% of your paycheck for a rainy day. But then your car breaks down, you lose your job, you have a health scare, and everything you’ve managed to save vanishes within seconds, leaving you in debt. So, in such a situation, what should you do?

Negotiating lending terms

photo credit: Andrea Piacquadio / Pexels

Suppose you somehow run into a situation where you need to borrow money but are afraid of going into debt. In that case, it does not have to be a terrifying situation.…

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How to Protect Your Money in a Divorce? 

Our discussion today will include the division of property after a divorce, how property is divided in a divorce, and how the partition of a house is handled in a divorce, among other things. Because separating a couple’s assets is never a pleasant experience, understanding the ins and outs of the law can help to make the process a bit less stressful while also contributing to a more amicable outcome.

Plenty of money

Bringing a couple’s financial resources together is one of the most difficult obstacles they will encounter when they first begin living together. There are a variety of reasons for this, and it is not uncommon for one spouse to have a significantly different financial perspective than the other, which may make things more difficult (especially if one saves and the other spends money).…

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Why You Need a Personal Finance Plan (And How to Achieve It)

Did you know that a whopping 80 percent of Americans have some form of consumer debt? Or that, not including mortgage debt, the average American owes about $38,000?

Personal finance plan

Whichever way you slice it, you’ll end up with one conclusion: people need to do better in their personal financial planning. Sure, not all debt is bad, but in an ideal world, no one wants to have any debt.

The key to financial success is to have a solid personal finance plan. Continue reading to learn how this plan will help.

Practice Better Money Management

Are you always running out of money before your next paycheck hits your account?…

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Top Ways to Borrow Money in 2022

You need to learn how to borrow money effectively if you want to avoid mistakes and know how to avoid the debt cycle. Knowing how to deal with debt is as important as knowing how to deal with your personal finances. We all may need to borrow some cash once in a while.

Borrow money

You may probably need to have a mortgage if you want to become a proud homeowner. If you want to master this significant life skill, you should keep on reading this article.

Top Ways to Borrow Money

1. Online Creditors

Alternative lenders present a common alternative for lending solutions today.…

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7 Possible Uses for a Payday Loan

People turn to payday loans not to get one-off expenses, like paying bills, but for various reasons. Payday loans are reputable for their fast access, easy processing, and are ideal for emergencies.

Taking payday loans

This article will take you through the common uses of payday loans. But first, let’s see what payday loans means.

What is a Payday Loan?

A payday loan is a short-term, high-interest rate credit line for small cash—usually $200 or less. These loans are easier to acquire than traditional bank loans; borrowers will typically only need an income and an active bank account.

However, financial experts advise against payday loans, mainly if the borrower is likely to have problems paying back the loan in time.…

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Refinansiering Av Gjeld (Debt Refinancing) From An Existing Personal Loan

Refinancing the debt of a personal loan means the existing debt will be replaced with a new loan with the possibility of a lesser interest rate or updated terms. Refinancing is an option to consider if the rates have fallen substantially below what they are on your existing loan, ultimately saving money, or if you have a need to take a longer-term in order to afford the debt.

Debt refinancing using personal loan

Anyone who struggles with repayment av gjeld (of debt) will find securing refinancing with lower rates to decrease borrowing costs so there will be less reimbursement on the overall loan. Plus, extending the term will allow the minimum repayment each month to drop, but that will increase the loan’s overall repayment cost.…

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