It's never been more challenging for U.S. lenders to make credit decisions. COVID-19 put the economy in a tailspin, and lenders are still unsure how to adjust their risk-assessment models to avoid customers who will default on the loan.
I’ve always been a thrifty soul, even as a child. During my adult years of writing professionally for the financial industry, I have learned even more ways to save money. Most of these things are such a big part of my life that they have become second nature.
This holiday season, we look forward to a hopefully brighter future. Home-cooked Thanksgiving meals, hot cocoa by the campfire on Christmas day, getting great deals on Black Friday, and many other things.
Starting a business with a low budget may be a challenging feat, but it is not impossible. In this day and age, it is common for people to pursue their passions and interests outside of their nine to five jobs as a side project or small business.
Each year, roughly 2.4 million weddings take place in the United States. And after these weddings, there are about 1.4 million honeymooning couples. In fact, among those who chose to get married, 99% will typically take a honeymoon following their nuptials.
A finance charge is a charge placed on your account if you fail to make your payments on time. It may also include interest charges and other fees that lenders charge borrowers, depending on the type of loan they choose.
Predatory lending practices rely on charging consumers many times the original loan amount in interest and fees. These lenders never have the consumer’s best interest in mind, and it is always best to avoid them.