You may take out a loan, fully intending to pay it back, but then the unexpected happens: You default, failing to repay your debt. Even responsible borrowers can default on loans. Job loss, lost wages and other blows can lead to loan defaults, as can unexpected events, such as the coronavirus pandemic. The COVID-19 crisis caused financial hardship, and many homeowners …

Payday and emergency loans are often predatory lending methods that allow you to get the cash you need quickly. While this almost-instant cash flow can seem enticing, they often come with exorbitant interest rates that can leave you trapped in a debt-cycle for years. There are safer options to borrow the money you need. Before signing on the dotted line, research every …

Student loan refinancing is when you take out a new private student loan to repay one or more existing student loans. Borrowers may choose to refinance student loan debt in order to lower the interest rate, reduce their monthly payments or pay off debt faster. Refinancing student loans can save you money during repayment, but it’s not a good strategy …