Category:
Credit
The recent data breach at Equifax, one of the three major credit reporting bureaus, has created an uncomfortable situation for the more than 145 million American consumers whose personal information…
Once in a while, situations arise in which you might need a substantial chunk of extra money, but don’t have substantial collateral – house, car, property of some kind –…
What is a Debt Management Plan? How can it help? A debt management plan is NOT a loan. In a typical program, debt management companies work with creditors on your…
What is a Secured Loan? A secured loan refers to a loan contract in which the borrower puts up collateral (like their home or car) to acquire immediate cash. They…
Unsecured debt is any debt that is not tied to an asset, like a home or automobile. This most commonly means credit card debt, but can also refer to items…
What Are Personal Loans? Most personal loans lack collateral – property that can be taken if the borrower defaults – so they rely on the integrity of the borrower to…
Being upside down on a car loan happens when you owe more than the vehicle is worth. In other words, you have negative equity. Upside-down loans are almost inevitable –…
The Consumer Financial Protection Bureau, which prides itself on being the watchdog for U.S. consumers, has been snarling at America’s three major credit bureaus for a while and finally decided…
Friends, family, and financial institutions may have more in common than you think. According to the Census Bureau’s 2022 Household Pulse Survey, over 25 million consumers had to lean on…
While most retailers in the United States struggle to catch up to the new EMV chip technology for credit cards, Walmart has been ready for nearly a decade. The nation’s…