Investment

The Fed has signaled rate hikes for 2022. Here’s how it could impact consumers

Consumer rates could rise in the coming year, which can be both good and bad. It’s a common misconception that the Federal Reserve dictates the rates consumers pay on loans and credit cards, and the rates they get on their savings in the bank. The Federal Reserve is responsible for …

Read More »

How to get a loan online without a credit check?

(MENAFN – Payday Ventures) Are you afraid of getting help when you don’t have the money? Well, you don’t have to worry. It is possible to get a loan online without a credit check. Getting a loan from traditional banks is tedious, and it is almost impossible to get a …

Read More »

How to get a loan without credit

If you are in dire need of money with a bad credit rating, try a personal or payday loan. These days there are many loan options available and it can be a bit confusing to know which one applies to you. Everyone’s financial situation differs depending on their job and …

Read More »

‘Like a heavy anchor he brought down his whole family’: Credit Repair Business Operator and 7 Family Members Sentenced in $ 3.4 Million Identity Fraud Case

If you can’t trust your family, who can you trust? The operator of a credit repair business in North Carolina was sentenced to more than eight years in prison for creating false police reports to clean up bad credit from his customers and enlisting his family to help manage a …

Read More »

8 mortgage myths that waste time and money

It takes a lot of work to apply for a mortgage, from rounding up your financial records to ensuring that your credit rating is in perfect shape. Another important item on your to-do list is to look for misinformation and bad advice. There are many myths surrounding home loans. Believing …

Read More »

93% of payday loan borrowers regret taking out their loans, survey finds

Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here’s how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who are in desperate need of cash, trapping them in …

Read More »

Here’s why Upstart still has high growth potential

Reached (UPST -3.06% ) has been one of the most disruptive stocks to come to market this year, climbing over 1000% at one point. However, there is reason to believe that the AI-based consumer loan specialist still has a potential of 10 baggers. In this segment of “The Five” recorded …

Read More »

FHA, VA, conventional mortgages increase loan limits for 2022

Credit limits increase in 2022 With the historic appreciation in house prices defining the past year, mortgage loan limits are increasing for 2022. Qualified borrowers will be able to take out larger loans backed by government-sponsored companies – Fannie Mae and Freddie Mac – the Federal Housing Administration and the …

Read More »

Five mistakes that can lead to bad auto credit

As if we needed more bad news about buying cars, Consumer Reports analysis shows that many Americans are significantly overpaying on auto loans. And we can’t put all the blame on the pandemic or the supply chain issues. In one case, Consumer Reports discovered that a Maryland resident with “sterling …

Read More »

Banks grapple with new loan loss rules, bad debt expected to hit $ 14 billion

The new standard, which took effect in 2018, was part of the global regulatory response to the global financial crisis, when banks around the world increased their provisions too little, too late. TO Australian Financial Review Banking & Wealth Summit crisis briefing Monday Commonwealth Bank Managing Director Matt Comyn these …

Read More »