23
Nov
Posted by Tingyu

Borrowers have gotten a long break from federal student loan payments and interest during the COVID-19 pandemic, but that relief is scheduled to run out at the end of the year. As part of its response to the coronavirus crisis back in March, the government put student debt payments on hold, dropped the interest rates to 0% and stopped collections on defaulted student loans. Those measures are set to expire on Dec. 31. Congress has so far failed to approve…

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16
Nov
Posted by Tingyu

When used wisely, a personal loan can be a smart financial move. It can help consolidate debt, pay for medical expenses not covered by your insurance, pay off high-interest credit cards, or cover an unexpected emergency. When you’re ready to take on a new loan or refinance an existing loan, visit an online marketplace like Credible today. If you want to reduce your monthly loan payments or take advantage of a lower interest rate, refinancing your current personal loan with…

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9
Nov
Posted by Tingyu

Many mortgage lenders offer what they call "no-closing cost" loans -- mortgages you can roll your closing costs into rather than paying them upfront. As an investor, these loans can be tempting. After all, they reduce the amount of money you'll need upfront to buy a property. They also free up cash flow, ensuring you have plenty of funds to finance any repair, rehab, or marketing costs on the tail end. But make no mistake: These mortgages aren't perfect. In…

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2
Nov
Posted by Tingyu

If you have a home loan, it is possible that you might have faced the dilemma at least once whether to make part prepayment of your home loan or invest that extra sum you might have received as your bonus. As home loan is generally one of the biggest loans one might avail of during the lifetime, and there is no prepayment penalty, you would want to get rid of it as soon as possible and be debt-free. However, making…

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26
Oct
Posted by Tingyu

There are several things that one needs to keep in mind while buying a used car. Here we are taking a look at some of them. While the lockdown slowly lifts, the threat of the pandemic still looms large. In this situation many buyers with limited budgets are opting to buy a used car instead of a new car. By using their own vehicle to commute, they feel safer. However, there are several things that one needs to keep in…

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19
Oct
Posted by Tingyu

Some new business owners may be too scared to take out a loan, convinced that it is never worth the risk. But if you are prudent and you research and plan, you can get a small loan which will help your business by a big amount. Why do you need a loan? Any lender is going to ask you this question and you absolutely need a good, specific answer. While there are many good reasons to get a loan such…

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12
Oct
Posted by Tingyu

THE Covid-19 pandemic has severely impacted the global economy. Malaysia has not been spared its effects, with many businesses closing permanently while many more struggle to recover to pre-pandemic levels. Some employees have taken pay cuts while others have lost their jobs, with unemployment rates reaching record highs.Even though the civil service has been fortunate enough to be spared similar situations, many are also struggling as the pandemic has caused the price of many goods and services to increase, especially…

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5
Oct
Posted by Tingyu

Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you're in need of a large amount (after all, there is such thing as a credit limit). Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer…

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28
Sep
Posted by Tingyu

Lately, more people are looking into obtaining a personal loan to weather the storm created by the coronavirus pandemic. According to the Federal Reserve, the number of nonrevolving debt accounts (including personal loans) increased by 4.8% between June and July 2020. But a shaky economy is also making loan approval harder. Despite the uncertain times, it’s still possible to borrow money via personal loans. Explore your personal loan options via Credible, where you’ll see lender qualifications, rates, and terms. Here…

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21
Sep
Posted by Tingyu

The total number of personal loans Americans borrowed reached a high of $162 billion during the first quarter of 2020, according to TransUnion. However, the growth rate toward the end of the quarter was also the slowest in more than two years, the credit reporting agency claimed. Getting a personal loan approval could be harder due to the coronavirus pandemic — as lenders get more conservative and raise the credit score requirements on unsecured loans. Credible can help determine if…

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