It isn’t always easy to spot misinformation because of the volume of money myths going around. Therefore, there’s no greater time than the present to debunk myths that have impacted how people use credit, save money, and make investments. In no particular order, here are ten of the most popular money myths!
The cost of credit is not exactly free, yet borrowers do save tons of money with prime interest rate loans. We’ve researched predictors of changes in prime rates and share that information to help you make sound financial decisions that will cost you the least money.
Every year, millions of consumers fall victim to lender fraud in some form or another. The fight to find a legitimate lender is a real concern to potential home buyers, students, and other borrowers. But with the abundance of information and resources available, more consumers are obtaining fair financing one legitimate loan at a time.
The cost of health care for medical necessities is astronomical. Even people with medical insurance feel the pinch when they make co-pays or share the cost of prescriptions., but where there’s a will there’s a way. Finding financing for elective cosmetic procedures is a snap. If financing for an optional cosmetic procedure is the only choice, borrowers must make thoughtful decisions, starting with considering how much they can really afford to spend.
There used to be a mere few options available to get financing for major ventures. The choices were traditional borrowing from a financial institution or from family and friends. Today, there are unlimited ways to get financing for any purpose. Creative financing has opened the doors for consumers who want or need an innovative way to get money to fulfill their dreams.
Searching for financing and banking products, such as loans, is a breeze for anyone with online access. Borrowers whiz through the process of finding a lender, applying for a loan, approval, and cash-in-hand -sometimes in a 24-hour period. Online lenders are alternative providers of secured and unsecured loans. And they have become stiff competition for…
Vehicle loans are a type of secured credit, meaning the vehicle is collateral to secure payment. Nevertheless, vehicle loans are extremely common in Canada.
Consumers who are in the market for a car should prepare themselves with accurate information about the different types of loans and where to go to apply. Credit rating and interest are also factors to consider before applying for a car loan.
When you need to buy a car and your credit is less than perfect, you still have options. Even if the major banks won’t offer you a loan, you can still get credit.