What should I know before taking a personal loan?
Personal loans can be an effective financial tool to manage your expenses when you are short on cash. They are unsecured loans that can be used for a variety of purposes, such as paying off credit card debt, consolidating high-interest loans, or funding a major purchase.
How late payments impact your credit score and access to credit?
Even if you miss one bill payment, you can lose as much 150 points. While it’s not always so dramatic of a drop, it’s still essential that you pay things off before the deadlines. You may not qualify for prime credit cards, low-interest loans, and decent mortgage rates. This is because when your credit score is less because you’ve missed a payment or are late, this becomes a red flag to lenders. To keep your credit score healthy, make sure to pay your bills on time.
How to Spot and Avoid E-Transfer Scams
One of the main ways you can be scammed is through e-Transfers. Unfortunately, there are many ways that you can be scammed if you’re not cautious. We’ll let you know what to look out for and how to prevent scams from happening to you.
Do Banks And Lenders Check What You Spend Your Loan On?
It’s important to know the conditions of a loan before finalizing your application, and this includes whether what you spend your loan on will be visible by the lender in the bank or not. Find out in this blog post!
What is the monthly payment on a $30,000 loan?
Use our online calculator that lets you alter the interest rate, term length, etc. to determine various $30,000 loan repayments.
What is the fastest loan to get approved for?
There are some loans available that don’t require any credit checks and will send you your loan funds in 24 hours. Find out which loan is the easiest, fastest and best for you.
What is the cost of a $10,000 loan?
You can expect to pay around $83.33 per month if you have a $10,000 loan with a 10% annual interest rate, but this is an interest calculation. We share how to determine your monthly payment on the type and amount of loan you’re seeking with our business loan calculator here!
What is the minimum salary to get a loan?
Your salary is a factor looked at to determine the loan amount you may get approved for but that’s not all; there’s other elements considered you should know mentioned in this post.
How much can I borrow with a 750 credit score?
Determine what kind of loan you can get approved for with a 750 credit score and use our loan calculator to find out a possible monthly repayment amount.
What credit score do I need for a $3,000 loan?
Smarter Loans can connect you with over 20 lenders that share their eligibility requirements before you apply for a $3,000 loan. Learn what’s a good credit score and if your credit score will determine your loan approval.