Many people who apply for a mortgage already have some kind of debt, such as credit cards, car loans or student loans. However, having debt doesn’t automatically hurt your chances of buying a home. What matters is how that debt fits into your overall f…
Author: Lorraine Roberte
A merchant cash advance (MCA) is a form of small business financing in which a company provides you with a lump sum of money upfront in exchange for a percentage of your future sales. It’s not structured as a traditional loan. Instead, the MCA pr…
A loan prepayment penalty is a fee that some lenders charge if you pay off all or part of your loan balance before the scheduled end of your loan term. As the Consumer Financial Protection Bureau (CFPB) explains, this type of fee most commonly appears …
If you’ve filed Chapter 7 bankruptcy before, the U.S. Bankruptcy Code generally requires you to wait eight years before you can file again and receive another discharge. Without being eligible for a discharge, filing Chapter 7 again usually won’t elimi…
If you’ve filed Chapter 7 bankruptcy before, the U.S. Bankruptcy Code generally requires you to wait eight years before you can file again and receive another discharge. Without being eligible for a discharge, filing Chapter 7 again usually won’t elimi…
Managing multiple debts with different due dates, balances, and interest rates can be overwhelming. Combining monthly expenses into a single payment may not only offer relief but also make managing debt easier. Understanding how debt consolidation work…
Managing multiple debts with different due dates, balances, and interest rates can be overwhelming. Combining monthly expenses into a single payment may not only offer relief but also make managing debt easier. Understanding how debt consolidation work…
Needed home repairs and upgrades can sneak up on you sometimes. When savings cannot cover the bill, personal loans for home improvement may seem like a clean fix. You get cash now, then pay it back over time. A personal loan can help, but it still adds…
Car loans after bankruptcy are possible, but timing and loan terms depend on the type of bankruptcy and your financial situation. Many people assume they must wait years before purchasing a vehicle. In reality, you may qualify for a car loan after bank…
Using an IRA to buy investment property requires a very different setup than buying stocks or mutual funds. Real estate purchases generally must happen through a self-directed IRA rather than a traditional retirement account, and the rules can be compl…