Tag: subprime loans
If you have less than perfect credit, traditional lending tools may not work because you simply can’t qualify. At the same time, subprime loans often have stricter terms and higher rates that can make them dangerous for a household that’s already limited on cash flow. While subprime loans can give you a path to achieve your financial goals, you need to know the risks so you can plan effectively. Here’s what you need to know in the world of subprime today.
Feb 20, 2017 | Meghan Alard
A new report shows an increase in the number of delinquent auto loans and credit cards. We explain what delinquent debt is and how you can overcome it.
Credit Cards, Debt Relief
Dec 16, 2016 | Meghan Alard
A record number of car buyers are coming to the lot with upside down auto trade-ins, meaning they actually owe money on the old vehicle when they upgrade.
Oct 26, 2016 | Meghan Alard
Nearly five out of every 100 subprime borrowers is 60 days or more behind with their auto loans. We help borrowers create a strategy to help catch up.
May 16, 2016 | Meghan Alard
Multiple automated payment requests in a day can drive up overdraft fees on a payday loan. Know what you’re getting into before you borrow for a quick fix.
Banking, Debt Advice
May 02, 2016 | Meghan Alard
2015 was a big year in mortgage lending, outreaching 2014 across the board, but is this a true real estate recovery or a return to risk subprime lending?
Mar 28, 2016 | Meghan Alard
Mortgage modification could reduce your monthly payments and make your mortgage reflect your real property value; just be careful with new closing costs.
Oct 19, 2015 | Meghan Alard
Several key market indicators show signs we may be getting into another bad situation with subprime lending ahead given current market fluctuations.
Jun 26, 2015 | Meghan Alard
A higher credit limit may make it easier to maintain the low credit utilization necessary for a high credit score, but only if you have self-restraint.
Jun 22, 2015 | Monica Victor
With the possibility of rising home prices and rates, it may seem a good time to buy, but doing so on an unprepared budget with bad credit can be disastrous.
Jun 17, 2015 | Monica Victor
Mortgage payments are on the rise; so is subprime lending. While the former is good news, the latter may be bad news for homebuyers and the economy.