Let’s say you’ve decided to start biking to work. There’s just one problem: you don’t have the money for a new bike at the moment. You’ve thought about asking your family or friends for a loan, but you’re afraid that…
Inflation causes money to lose value over time. Over time, prices for goods and services tend to increase. This has a major impact on the global economy. And because inflation impacts the purchasing power of money, it also impacts borrowers…
Your new house is just about perfect — except for the sagging privacy fence ringing the backyard. You know you need to replace it before it collapses onto your neighbor’s property, but it’s going to cost thousands, and you’re low…
Overwhelming student loan debt is a serious financial drag for tens of millions of recent and not-so-recent college and professional school graduates. According to data compiled by EducationData.org, approximately 45 million student borrowers carried an average debt load of $37,584 in…
If you’re dealing with a medical emergency, the last thing you want to worry about is whether seeking essential care will result in medical bills that hurt your credit score. However, the reality is that medical debt may impact your…
A 2019 study by Northwestern Mutual revealed some sobering statistics on consumer debt in America. It found that the average American adult has nearly $30,000 in debt, and that figure doesn’t even include mortgage debt. More shockingly, the study found that Americans spend…
Sometimes, you need to buy a car, even if your credit isn’t in a good place. If that happened to you, you might be stuck with a high-interest-rate car loan. While the auto loan you drove away with isn’t the…
In the fourth quarter of 2021, the median home sold for just over $408,000. Could you afford to pay that out of pocket? Probably not. That’s why most homebuyers wind up applying for mortgage loans. Getting a mortgage can be…
Ever wonder why your bank is so confident you’ll repay your car loan? Or why your mortgage lender seems fine putting up hundreds of thousands of dollars to help you buy a new home? It’s because they have a backup…
According to a 2021 survey by PAYMNTS and LendingClub, over 60% of Americans live paycheck to paycheck. When you’re in this situation, the money you make just barely covers your day-to-day expenses. Any unplanned expense, such as a $300 car…
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