Industry News, Resources, and Useful Tips

The “Intended” Consequences of Passing the 36% APR Lending Law A new study, currently posted for public comment, has found that rate caps prevent Americans from accessing high-quality credit products they need and want. Why It Matters The study, entitled Effects of Illinois’ 36% Interest Rate Cap on Small-Dollar Credit Availability and Financial Well-being, found that after the imposition of…

Personal Loan Documents Checklist There are lots of steps involved in loan applications, 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 decision. Every…

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,…

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…

What Is a Cash Advance and How to Get Cash from Credit Cards Many people wonder how to get cash from a credit card and what cash advance means. These are excellent questions to ask because it’s important to understand all of your financial options whenever you need money quickly and aren’t sure where to…

Short-term High APR 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 short-term high APR loans vs. personal loans is a smart start. With that in mind, let’s review what a short-term high APR and…

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…

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…

Do you want to refinance a personal loan? We explain loan refinancing advantages and disadvantages, and how to refinance a loan. ✓ Click here!

Wondering how to plan for retirement? WE detail the importance of saving early, how to invest, and crucial retirement planning tips. ✓ Click here!