In the simplest terms secured means protected; from worst case scenarios by having a safety net in case of [enter scenario]. Insurance on your home protects you in case of flood, fire, burglary by covering all/partial damages. Insurance on your credit card protects you against identity theft, unemployment etc. by covering all/partial damages. A secured loan simply means there is a backup protection plan in case the borrower does not repay the loan amount.
Why do we hate closing costs?
There are very few predictable moments in life and we pride ourselves on the ability to adapt to our surroundings, to learn as we go. So we latch onto the few things that know to be certain of and take comfort in knowing what to expect. We can rely on the fact that our paper gets delivered every morning, the fact that our car will get us to work, and we hope to rely on the fact that the cost of the product we are trying to buy, wont have HIDDEN COSTS!
1) Stop using credit cards. If you have a hard time managing your money you should avoid using credit cards because you will end up doing more damage than good. Credit cards should be used for the purpose of convenience. Those who use them as a means of borrowing money will only end up hurting their credit score and furthering their debt by taking advantage of this service.
Mobile phone capabilities are constantly growing and allowing users to accomplish a wide range of tasks with progressively less amounts of time and effort. What’s changed? In the past few years the design of mobile technology has grown tremendously to allow for complex technology to exist in one place. Banking, GPS navigation, online shopping, and travel booking are just a few of the things you can do from your handheld device. It’s this type of innovation that is leading a population of credit card users into a new age of digitalized payments.
You are free to choose, but not free from the consequence of your choice. At one point or another we have all wished for the benefits of a desire without the repercussions of its cost. Children want to be treated like adults but without any of the responsibilities that come along with it. Parents want their children to confide in them without losing their authoritative manner. Some people just want to eat cheesecake without it going directly to their hips…We all wish that life was a game of picking and choosing to ensure nothing bad ever came our way. Unfortunately that is not the way life works, and every choice has its consequences.
When searching for a lender for a personal loan, you may notice that they all can have widely different personal loan interest rates for you. There’s a reason for that, and understanding how personal loan interest rates work can help you figure out if a loan is right for you.
When you need money for one of life’s many emergencies, you don’t have time to wait and want the money you need as soon as possible. Emergencies are a key driving force behind many different types of loans. If you have a bad credit history, can’t get a bank loan or don’t have credit cards it can be difficult to get the money you need for emergencies. Common issues include automobile problems, home repairs and other sudden events. When you need money, installment loans can prove very useful indeed. Plus they are not only for emergencies as an installment loan can also be used when you need to cover other expenses and a bank loan is unavailable. What follows is a brief explanation of what installment loans are, how you can qualify for installment loans and who to get them from.
One of the hardest things about purchasing a new (or new to you) car is the act of saving for it. Here’s a few tips on how to save money for a car.
If you are a consumer with bad credit and you are strapped for cash, your frustration with being unable to obtain a loan from a traditional lender may leave you with the intention of taking more desperate measures. You may even be considering taking a loan from what is commonly referred to as a “loan shark”. Since dealing with loan sharks can be detrimental to your financial future, as well as the well-being of your family, it is vital that you avoid doing so at all costs. Fortunately, there are other options available for consumers with poor credit scores.
The thought of saving money each month when you are living paycheck to paycheck can be intimidating to say the least. How are you supposed to save when you are spending all of your hard-earned cash on things like rent, utilities, fuel, food and other necessities?