Articles Index - page 2

Emergency Cash Loans
Emergency cash can come from a variety of places. Ideally, you’ve got an emergency fund built up. If not, you may need an emergency cash loan. This page covers emergency cash loans, and the best places to find them.

Lending Club
Lending Club is a peer to peer lending service. Instead of borrowing money from a bank, you borrow from individuals that you connect with at the Lending Club Website. This page explains how Lending Club works.

Insurance Scores FAQ
Your credit history is important to your financial life in many ways. Insurance scores, based on credit related information, can save you money or cost you a bundle. Find out the details on what insurance scores are, how they work, and what you can do about them.

How Credit Bureaus Work
Credit bureaus play a vital role in your borrowing life. They serve as your reputation in a world where the banker doesn't know you. The credit bureaus collect information about you and pass it on whenever somebody needs to get the scoop on you.

Home Equity Loans
Home equity loans allow a homeowner to borrow money by pledging the house as collateral. Borrowers who want to borrow a relatively large amount of money or who don’t have good credit often find the home equity loan to be attractive. Read up on the basics and get some tips on managing your home equity loan.

Student Loans 101
Student loans are a way to pay for higher education. Whether you love debt or you hate it, student loans are an investment in your future. They can make an education possible when there is no other way. This page covers the basics of student loans and points you towards additional resources.

10 Tips for Prosper.com Borrowers
Getting a loan at Prosper.com involves more than just asking for one. In order to get money (and get it at a reasonable rate) you have to create a good listing. This page covers the essentials of creating a loan listing at Prosper.com.

Home Equity Loan Tax Deduction
One nice feature of home equity loans is that borrowers may get a tax deduction on interest paid for the loan. Before you try this, you should understand that the tax deduction is not unlimited. Find out how the tax deduction really works.

Co-Signing - How to Find a Co-Signer
Co-signing happens when somebody promises to back up a loan for somebody else. If you apply for a loan and you don’t qualify, you may need a co-signer. This person’s strong credit or higher income may help you qualify for the loan you want. This page discusses co-signing from a borrower’s perspective.

Co-Signing - Before You Co-Sign a Loan
Co-signing happens when somebody promises to back up a loan for somebody else. Somebody may ask you if you’ll co-sign a loan for them. They’re asking you to become legally liable to pay off a debt if they are unable to pay it off themselves. This page discusses co-signing from a co-signer’s perspective.

How Universal Default Works
Universal default is a feeding frenzy that your lenders participate in. If you’ve got a universal default clause on one of your credit cards, you may have to pay the default rate even if you always pay on that card as agreed. Make sure you understand how universal default works so you’re not surprised during hard times.

Loan Deferments
When you are unable to repay a loan, you may go into deferment. Different loans have different requirements, so you’ll want to investigate your loan before attempting a student loan deferment. This page summarizes the concept of deferment so you can better understand whether or not you’re eligible – and if it’s a good idea.

In School Deferment
In school deferment allows you to temporarily suspend payments on your student loans while you are in school. Your “in school” status is triggered by enrolling at least half time in an eligible institution. To begin an in school deferment, you must submit a request through your lender.

Unemployment Deferment
Unemployment deferment allows you to temporarily suspend payments on your student loans while you are unemployed. “Unemployment” is triggered by working less than 30 hours per week. To begin an unemployment deferment, you must submit a request through your lender.

How Amortization Works
Amortization is the elimination of a debt over time. With an amortization schedule, you can see how payments are applied to principal and interest. This page explains amortization, and then you can generate an amortization schedule with our free online calculator.

What Can I Use My Loan Money For?
A lot of borrowers ask what they can use loan proceeds for. When taking on a loan, some people get more money than they actually need. More brazen borrowers take a loan out without any desire to use the loan for its intended purpose. Some people want to invest the money and earn more than the interest rate they’re paying for the loan (earning a ‘spread’).

Simple Interest and Simple Interest Calculations
Simple interest is the most basic type of interest. In order to understand how various types of transactions work, it helps to have a complete understanding of how interest works. We'll cover the basic idea, the simple interest calculation, and the limitations of simple interest.

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