There are banks, NBFCs and online lenders who promote easy and quick loans on flat interest rates. These flat interest rates have been used as a marketing tool by lenders for enticing a customer by quoting low-interest rates and mislead them into taking a high-cost loan. With such interest loans borrowers fall […]
April is National Financial Literacy Month – are you ready to learn?
April has been designated as National Financial Literacy Month. (Read the National Financial Literacy Month Presidential Proclamation from President Obama.) Every time people apply for a credit card, take out a loan or sign up for a mortgage, it’s important to understand the risks, obligations and benefits of your financial […]
Missing Your Student Loan Payment Could Damage Your Credit Score
The student debt crisis comes in at an astronomical $1.2 trillion in the United States alone. About 40 million Americans are burdened by at least one outstanding student loan and approximately one in eight Americans have student loan debt. The situation is getting worse, not better. In looking at the […]