The Risk of a 401(k) Loan
A 401(k) loan is an easy and cheap way to borrow, and although that may be enticing, it’s also an incredibly risky move. These types of loans have incredibly low interest rates, meant to grab those seeking out a loan’s…
Utility Companies May Offer Loans for Energy Upgrades
Alaskan utility customers may soon find a pleasant surprise in the form of loans. For energy efficient upgrades and adding renewable energy systems, they will be paid back through their monthly bills. Known as “on-bill financing,” this is already done…
Rise in Long-Term Car Loans
There’s been an increased rise in people taking out long-term car loans. The Consumer Finance Protection Bureau says that 42 percent of auto loans given out in the last year carried payback rates of six years or more, compared to…
How Student Loans Are Negatively Impacting Marriages
Student loans are not just affecting recent grads, but they’re also crossing lines into ruining marriages. A recent report from Student Loan Hero showed that a third of borrowers said that student loan debt contributed to the disintegration of their…
Three Bad Reasons To Get A Personal Loan
Sure, there are lots of great reasons to get a personal loan – but what about those less-than-stellar reasons? The truth is, personal loans are not always the right financial choice. Read on to learn when to say ‘no’ to…
Beware That Longer Car Loan Term
Sure, that 84-month car loan may seem like a great idea when you’re smitten with a ride you can’t otherwise afford, but the consequences could be dire. In fact, delinquencies rise along with longer loan terms, meaning they’re becoming an…