Since 2008 financial crisis the Federal Reserve has increased its benchmark interest rate for the second time. The interest rate hike has been announced on 14th of December. According to this announcement the new benchmark interest rate will target the range from 0.5% to 0.75%. Before the interest rate increase,
Credit cards have become a must have in our everyday life. Their usage has increased continually since they were first introduced. Most probably you have at least one in your wallet, or you are planning to apply for one. There are numerous reasons that support the need for a credit
The process of gathering information regarding your search for a loan can be a time-consuming task. This is especially true if afterword’s you realize that you have been gathering the wrong information. Not only it could be a time-consuming task, but it could also result in choosing inappropriate lender, which
When shopping for loan, we want to find the cheapest loan with the best terms for us. Maybe the most important price we pay on our debt is the interest rate. Meaning that interest rate represents the price you pay on the amount you borrow. As such, it is a
Like it or not, most of us have or will take a loan sometime in the future. Although, maybe you don’t want to have a loan, the fact is that some times, during a specific period of your life, or a period of financial distress, you will need a loan.
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