APR and interest rate difference explained

Pay attention on APR and interest rate difference.

Looking for the right loan could be a daunting task, especially if you don’t understand the basic concepts needed for comparison. Such as the difference between the APR and interest rate. Thus, when shopping for loans, one (but not the only) important issue that you must understand is the APR

Debt consolidation explained

Make sure that you have fully understand the debt consolidation.

You might find yourself in a situation with worsen financial health. One reason might be that you have many different debts and you fighting to meet your monthly payments. There are numerous reasons as to why you can not meet your monthly obligations. For instance, maybe your income has decreased,

How to lower debt to income ratio – 8 ways to do it?

Are you familiar with ways on how to lower debt to income ratio?

Are you in a situation when you say to yourself - My debt to income ratio is high, did the bank told you that as well. Then it is a signal that you should start looking for information about the ways of how you could lower your debt to income

Debt to income ratio explained

Don't neglect the debt to income ratio it can have major impact on your application.

Debt to income ratio is regarded as a significant element when it comes to analyzing your financial health. Although it does not have any direct effect on your credit score, it does play a crucial part when applying for a loan, especially when you apply for mortgage. What is debt to

Cosigning a loan pros and cons

Cosigning a loan has different pros and cons for borrowers and cosigners.

Before considering the pros and cons from cosigning a loan, you must understand the different reasons that could cause for someone to need a cosigner. The reason why someone would need a cosigner should have a major influence on your decision of whether to agree to be a cosigner or

Can you pay a credit card with a credit card?

Do you know if you can you pay a credit card with a credit card

If you have reached the point to ask the question – Can you pay a credit card with a credit card – then most probably you are beginning the vicious repayment circle. You should consider this as an alarming situation because you are on your way to enter the vicious

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