/category/loans/
utm_content:
Loans – Smart Finance Facts

Loans Archive

Things You Should Know Before Co-Signing A Loan

Every time you cosign for someone’s loan, you agree to repay that person’s obligation if they default for whatever reason. This is a thoughtful gesture because it may enable...

What Is Defaulting On A Loan?

If you default on a debt, it signifies you haven’t made enough payments for a long time. When you don’t pay the minimum needed payment for several months already,...

What Is A Classified Loan?

Classified loans, regardless of whether they are granted by banks or other financial institutions, are susceptible to being defaulted by their borrowers. However, it has to be emphasized that...

How to Invest in Foreclosure Properties in 2021

Foreclosure properties for purchase have become scarce during the COVID-19 pandemic. Investing has been more challenging but you can still keep making money on foreclosures this year. Below are...

Is Student Loan Settlement Right for You?

It could be shocking but the average graduating student in 2019 owes an average of around $29,000 in student loans. Just last year, statistics from the National Student Loan...

How to Buy a Home With Bad Credit

It is difficult to get a loan when you have a bad credit score. Bad credit mortgage may be available to you but this might not be your best...

What Is Amortization?

Amortization is a method of paying off a loan that requires smaller payments over a specified period. It can also be viewed as making an investment that yields future...

What Could Happen If You Default A Loan?

When you make an agreement with someone, you make a promise. If you do not fulfill that promise, it is called defaulting on your promise. A loan is the...

How To Pay Off Your Student Loans?

The cost of education in the United States has been climbing for decades, and it doesn’t look like the trend is going to stop anytime soon. In fact, the...

How To Save In Preparation For College

Saving for college is a major financial challenge. But, it’s also one of the most important things that you can do for yourself and your family. College is a...