Tower Loan Blog
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A List of Documents Needed for Personal Loan Applications

Personal Loan Documents Checklist There are lots of steps involved in applying for a loan, but one of the most important is getting all of your documents ready for the lender’s approval. These loan documents prove who you are, back up your financial information, and give lenders the information they need to make an informed…

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A Special Announcement

Tower Loan is pleased to announce the purchase of all of the non-real estate secured loan accounts of American Thrift, based in New Orleans, Louisiana. The loans will now be serviced by Tower Loan within our network of branch offices.  Tower Loan’s President Francis Lee said, “This purchase will expand our market presence in the…

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How to Borrow Money Online? Loan & Payday Options

How to Borrow Money: An Easy-to-Follow Guide Almost everyone needs to borrow money at some point in their adult life. You may be in a tight spot and need some quick cash, or you may require a more significant amount for undertakings like buying a home. Luckily, there are numerous ways to borrow money. However,…

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Is Debt Consolidation a Good Idea? Things to Consider

Is Debt Consolidation a Good Idea? The Pros and Cons The debt of American households reached a staggering $14.6 Trillion in 2021. And unfortunately, many of the millions of people with debt struggle with tackling multiple debts at once, with the interest rates preventing them from making any real progress. Because of that, many people…

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How Do Credit Card Cash Advances Work?

What is a Cash Advance? (And Why There are Better Options) We’ve all been there. Your cash flow is low and you need funds now. Many people turn to a credit card cash advance. However, there are downsides to doing so. In fact, there are better options available. With that in mind, we’ve dedicated this…

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Personal Loans vs. Payday Loans: Which is Best?

Payday Loans vs. Personal Loans: An In-Depth Guide When you’re short on funds, you’re probably searching for convenient ways to get the money you need right now. If so, comparing payday loans vs. personal loans is a smart start. With that in mind, let’s review what a payday and personal loan are, how they are…

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Debit vs Credit: Understanding accounting examples

Debit vs Credit: Understanding accounting examples Business accounting can be a complicated undertaking, but it’s essential to keep all financial transactions in order. One of the most popular accounting methods many businesses use today is debit vs credit or the debit and credit method, commonly known as double-entry accounting. It’s called double-entry accounting because every…

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How long does credit stay on your report and when does it fall off?

How Long Does Credit Stay On Your Report And When Does It Fall Off? You’re hoping to take out a loan but, uh oh, you’ve got a negative credit on your report. Consumers who want to borrow money in the form of a loan or credit card are evaluated based on their individual credit score,…

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Small Personal Loans: Best short term 2000 to 4000 dollar loan

Small Personal Loans: Best short term $2,000 to $4,000 dollar We all need a little help sometimes. Maybe you need a little extra money and you don’t have time to save up the entire amount on your own. Other times, you may run into unexpected emergency expenses, such as an expensive car repair or hospital…

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How to create a budget: Setting up a money spreadsheet

How To Create A Budget: Setting Up A Money Spreadsheet One of the most basic and essential parts of managing your money is learning how to create a budget. Making a budget is a crucial tool that allows you to craft a financial plan to analyze how to spend your hard-earned income, using your money…

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