Each year, millions of people miss payments on credit cards, personal loans, mortgages, payday loans, and other kinds of credit. If these missed payments aren’t caught up with quickly, they can result in a ‘default’ – which is recorded on your credit file. In this guide, we’ll take a straight-talking look at defaults, including: What a default is How a …

Securing a loan with a 500 credit score may be challenging, but that doesn’t mean every lending door is closed. Though more difficult, borrowing money is possible even with a low credit score. Before you make a move, know your loan options for a 500 credit score, how your credit score will affect interest rates and fees, and alternatives to personal loans …

A secured loan is a form of debt that requires collateral. This type of loan is common for large purchases, like homes and cars. It also provides an option for those with bad credit to access financing as long as they can provide valuable collateral. Here’s what you need to know about a secured loan, its benefits and drawbacks and …

Earning a college degree is seen as a key component of the American dream, but that achievement often comes at a steep cost. The average student loan debt among recent college graduates who borrowed is around $30,000. For borrowers who attended graduate or professional school, that amount may run into six figures. Burdensome amounts of college debt can hold you …

Before you get a personal loan from an online lender, make sure you know about the pros and cons. Getting a personal loan used to be a more complicated process. Applicants had to look up lenders, visit their offices in person with the required documents, and fill out a paper application. Nowadays, it has gotten much simpler thanks to online …