Finance - Recent Questions, Troubleshooting & Support
What's the difference between a credit card and a
Credit cards work on "credit"
meaning that the card company trusts that you are good for the money and you
pay a bill at the end of the month. Debt
cards are similar to credit cards in the way that you can pay for things
without cash. However, when a charge
goes through on a debit card it is taken immediately and directly out of your
bank account. Many people prefer this
method because it prevents you from going into credit card debt.
on May 19, 2019
What is a mortgage loan?
mortgage loan is a loan where the client pledges real property, often a
residential home, to the bank in order to secure the loan. If the client
doesn't pay the mortgage, the bank can take the property. If there is a foreclosure, the bank will sell
the property and use the sale money to clear the mortgage debt.
on May 05, 2019
Don't use a personal loan for
<span>Personal loans have many benefits and uses because they have very few limits on what they can be used for. However there are certain things that it is recommended that you avoid using a personal loan to finance.</span><br><br>1. Paying off another loan: while a personal loan can be used to pay off other loans like student loans the interest rates on a student loan can be lower than those of the personal loan so borrowing the money can cost you more in the long run. The sudden additional money that comes into your budget due to the loan can cause you to spend it in other places and then when it comes time to pay back the personal loan you are right back where you started from.<br><br>2. Vacation: when taking out loans you want to consider using the money on things that will last, while a vacation is nice its a better idea to save up for it rather than spend years paying for it afterwards. If you are able to figure out the finances to take out a loan then chances are you can work around your budget to pay for a vacation without the loan.<br><br>3. Certain home repairs: taking out a personal loan for some home remodeling is recommended, but in some other cases it might make more sense to take out a home equity loan.
on Apr 30, 2019 | Finance
I am looking for a insurance company which can provide me insurance for home, health, life and auto.?
There are several Insurance companies offering bundled coverage. You really have to shop around to get the best bang for your buck. The big ones are..Travelers, Mutual Benefit, Liberty Mutual, Prudential, Farmers. Word of mouth from other people helps. You are looking not only price wise but companies that provide good coverage and service when you file a claim. If a premium rises for not good cause, don't hesitate to shop around for another company as competition is the name of the game.
on Apr 12, 2019
Not finding what you are looking for?