The interest rates for applicants with good credit are often lower than comparable bank rates, while rates for applicants with sketchy credit records may go much higher. LendingTree.com, for example, listed personal loan rates at several different peer-to-peer sites ranging from slightly under 8%...
They try to make up for that loss by charging a prepayment penalty. Do all personal loans charge a prepayment penalty? No. Some of the best personal loans charge no prepayment penalty. How much is a personal loan prepayment penalty? A p...
For example, let’s say a borrower missed apersonal loanpayment and believes that one blemish is hindering them from moving forward on other credit applications. This is when a goodwill adjustment to remove a late payment can come in handy. “(The borrower) can appeal to the lender to make...
Unsecuredpersonal loansaregrowing in popularity. There are roughly 20.2 million personal loan borrowers in the U.S. according to the online lending marketplaceLending Tree. You can take out a personal loan for nearly any purpose, whether that's to renovate your kitchen, pay for a wedding, go ...
Private Debt: Opportunities in Corporate Direct Lendingby Stephen L. Nesbitt Private Debt: Opportunities in Corporate Direct Lendingis a great resource for investors who are considering exploring this strategy. Give this a read if you want a crash course in private debt. ...
Understanding your total liabilities and total assets is key to figuring out your net worth. Key Takeaways: Calculate your net worth by subtracting your liabilities from your assets. There are some nuances to the calculation depending on what you're using it for. Knowing your net worth can...
Comprehensive coverage: Pay for damages if your car is damaged by a falling tree, vandalism or other non-collision-related cause. Gap coverage: If you leased or financed your car, gap insurance can pay for the difference between the depreciated value of the car your insurer is willing to pay...
More Finance Resources for Businesses What Is Finance? Finance is simply how an individual or an organization manages its financial resources. It can include borrowing, investing, lending, budgeting, saving, spending, and forecasting. While people tend to think of finance in terms of money, finance...
Glen Luke Flanagan is a staff editor at Fortune Recommends who focuses on mortgage and credit card content. His prior role was as a senior writer at LendingTree focused on credit card rewards, credit scores, and related topics. Before that, he wrote for the Charleston Gazette-Mail. Glen hold...
Glen Luke Flanagan is a staff editor at Fortune Recommends who focuses on mortgage and credit card content. His prior role was as a senior writer at LendingTree focused on credit card rewards, credit scores, and related topics. Before that, he wrote for the Charleston Gazette-Mail. Glen hold...