Industry News, Resources, and Useful Tips

Can You Get More Than One Personal Loan? Many people take out personal loans to cover unexpected expenses and manage major life events. But what if just one loan isn’t enough? If you’ve ever wondered, “How many personal loans can you have at once?” you’re in the right place. The financial pros at Tower Loan…

Steps to Making a Budget in 9 Practical Steps If you’ve ever wondered how to set a budget and stick to it, you’re certainly not alone. Fortunately, a budget plan doesn’t have to be a restriction or an obligation to say “no” to everything you want. It’s about making a plan for your money, so…

Understanding the Difference Between Payday Loans and Installment Loans If you’re facing an unexpected expense beyond your budget, you might look for quick financing options to get extra cash as quickly as possible. People often weigh the pros and cons of payday loans vs. installment loans when they need an urgent car repair, help with…

Are Personal Loans Bad? Is a Personal Loan a Good Idea? Personal loans are a flexible borrowing option that’s ideal for people facing urgent financial needs. Personal loan benefits include covering medical bills, financing a home project, consolidating high-interest debt, and handling an emergency with less stress. However, personal loans still come with considerations you…

How to Save Money in 10 Practical Steps Saving money is a top financial goal for most people; however, life often gets in the way because of rising costs and unexpected expenses. Building momentum can feel nearly impossible at times, but with the right money-saving tips, you can create a realistic plan and establish smart…

Our Financial Independence Guide Many people wonder how to become financially free and craft the lives they want without being limited by money. Financial independence is an empowering personal goal to set for yourself and a path toward reducing financial stress. However, you need to establish a clear, consistent plan you can stick to in…

Cash Advance Definition and Purpose If you need money quickly, you might be wondering, “What is a cash advance?” A simple cash advance definition is the process of borrowing money against your credit card line. People often begin learning about the meaning of cash advances when they face unexpected emergencies, such as medical bills or…

Understanding How to Figure Out Monthly Payments on a Loan Knowing how to calculate monthly payments on a loan is among the smartest financial moves you can make before borrowing money. By calculating payments, you can effectively plan your budget, avoid costly surprises, and manage your debt responsibly. Calculating monthly payments for a loan involves…

How Long Does a Loan Take to Process? When you need to borrow money, chances are you need it fast. Speed matters when you are looking for a loan. However, if you’re not careful, sometimes speed comes with a catch and lands you in a worse financial position than where you started. Yet, being prepared…

Understanding the Various Loans Available to You Nearly everyone needs to take out a loan at some point in their life and assume debt to live comfortably or invest for the future. Yet, there are many different types of loans to choose from based on your financial needs. Additionally, other loan types are associated with…