If there’s one financial concept that has the power to change lives – but remains underappreciated – it’s compound interest. This “eighth wonder of the world,” as Albert Einstein famously called it, could have been a game-changer for so many if they had been taught (and paid attention to it) early. But, for most of us, compound
It’s an awesome deal, but there’s just one catch: You need to pay a fee in advance. Before you go ahead and do so, though, take a step back and look at the transaction from every possible angle. An advance payment scam may have captivated you in its allure.
Let’s take a look at these scams, how they work and precautions you can take to keep yourself
Q: I’m in the market for a used car, but I’m a bit nervous about getting the raw end of a deal and ultimately regretting the purchase. What do I need to know before buying a used car?
A: Purchasing a used car can be a daunting task
Q: I’m ready to start my holiday shopping, but I’m not sure how to cover all my purchases. What’s the best way to pay for my holiday shopping?
A: As with most large expenses, when it comes to covering the cost of your holiday
Q: My family is growing out of our current home and we’re desperate for more living space. My house can also use a major face-lift. I’m wondering: should I move to a new house, or make some major improvements to my current home?
A:
Personal loans, sometimes called unsecured loans, are loans that allow flexible use, offer short- to moderate-term repayment options and quick funding. Their versatility and convenience make them a popular choice for borrowers of every financial standing. Let’s take a deeper look at personal loans, how they work
If you’re in the market for a new set of wheels, get ready to experience sticker shock. Prices on new and used cars have soared since the beginning of 2020, and experts aren’t expecting them to fall anytime soon. Here’s what you need to know about the current auto loan market and how to navigate it successfully.
Q: With interest rates falling and home prices rising, it seems like a great time to tap into my home’s equity using a home equity loan. What’s the best way to use these funds?
A: A home equity loan, or a HEL, can be a fantastic way to
1. Get married. Use your loan to fund the larger wedding expenses, like your engagement ring, dress and venue. You may also consider using it to cover the smaller costs, like the flowers and photographer.
2. Fund a move. Taking out a personal loan to help you cover the costs can make a household move a lot less stressful.
3. Consolidate debt into
Q: What are the differences between a home equity line of credit (HELOC) and a typical home equity loan?
A: Here are the differences between a HELOC and a typical Home Equity Loan.
