Bob Musinski – The News Desk

Best Student Loan Refinance Lenders of April 2024

3Apr

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Money

Best Student Loan Refinance Lenders of April 2024

Student Loan Refinance Rate Trends Interest rates for student loan refinancing increased last month, according to a U.S. News analysis of minimum and maximum APRs reported by private lenders. Student loan refinancing rates have trended higher during the past year, with variable rates climbing by a higher margin than fixed rates. Here are the student loan refi rates offered during the month of February 2024: Average fixed APR range: 5.53% - 10.59% (Compared to 5.35% - 10.97% the previous month). Average variable APR range: 5.76% - 11.09% (Compared to 5.59% - 11.40% the previous month). The APRs on the lower end of the range are generally reserved for applicants with a high credit score and low debt-to-income ratio, while those with poor credit or limite...

Best Student Loan Refinance Lenders of December 2023

22Dec

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Money

Best Student Loan Refinance Lenders of December 2023

Student Loan Refinance Rate Trends Interest rates for student loan refinancing increased last month, according to a U.S. News analysis of minimum and maximum APRs reported by private lenders. Student loan refinancing rates have trended higher during the past year, with variable rates climbing by a higher margin than fixed rates. Here are the student loan refi rates offered during the month of Nov 2023: Average fixed APR range: 4.87% - 10.04% (Compared to 4.80% - 9.95% the previous month). Average variable APR range: 5.15% - 10.57% (Compared to 5.08% - 10.51% the previous month). The APRs on the lower end of the range are generally reserved for applicants with a high credit score and low debt-to-income ratio, while those with poor credit or limited inco...

Best Personal Loans for Students of December 2023

13Dec

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Money

Best Personal Loans for Students of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages How Do Personal Loans for Students Work?When you obtain a personal loan – whether from a bank, credit union or online lender – you usually get the money upfront and pay i...

Best Debt Consolidation Loans of December 2023

11Dec

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Money

Best Debt Consolidation Loans of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages What Are Debt Consolidation Loans?A debt consolidation loan is a type of personal loan that combines high-interest debts and allows for one fixed-interest monthly payment...

Kikoff Credit Builder Line of Credit Review 2023| US News

29Nov

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Money

Kikoff Credit Builder Line of Credit Review 2023| US News

Find the Best Personal Loans for You Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit ScoreWhat Can a Kikoff Credit Account Be Used for?The money you borrow from Kikoff can buy items in the company's online store. The point of Kikoff isn't to spend most of your $750 line of credit, though. Kikoff is set up to directly improve your credit score. The Kikoff payment plan will help you build a credit history. The items for sale in the store start at $10, so you'll use a small amount of your $750 line of credit. This low credit utilization ratio also improves your credit score. How Does a Kikoff Credit Account Work?First, sign up for Kikoff and get access to your $750 line of credit. A Kikoff a...

How to Get Free Weekly Credit Reports | Credit Cards

29Nov

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Money

How to Get Free Weekly Credit Reports | Credit Cards

The three major U.S. credit reporting agencies – Equifax, Experian and TransUnion – have made their offer of free weekly credit reports to consumers permanent. The reports, available on AnnualCreditReport.com, are being made available to all Americans to "empower consumers to more regularly review their credit history and better understand their financial data," the companies announced in a statement. The free weekly reports began in April 2020 at the start of the COVID-19 crisis. The service was initially in place for a year, but it had been extended several times since then. Most recently, in September 2023, Equifax, Experian and TransUnion made the service permanent.Before the pandemic, you could get one free copy of your credit report every 12 months from each credit bureau. Lenders a...

Should You Get a Divorce Loan? | Personal Loans and Advice

23Nov

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Money

Should You Get a Divorce Loan? | Personal Loans and Advice

Divorce can be emotionally and financially traumatic, potentially generating debt as you and your spouse split income and assets. Taking out a loan to tackle some of that debt might seem like adding gasoline to the fire, especially if your income will be dramatically slashed once the divorce is final.But depending on your circumstances, taking out a divorce loan could be a good option for the next stage of your financial life. Here's a look at how a divorce loan can help or hurt your post-divorce finances.What Is a Divorce Loan?A divorce loan is a personal loan used for divorce-related expenses. Personal loans are unsecured loans that allow you to borrow a specific amount of money and pay it back, usually in monthly installments.Interest rates for personal loans are usually lower than rat...

Is a Business Line of Credit a Good Idea? | Small Business Loans and Advice

1Nov

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Money

Is a Business Line of Credit a Good Idea? | Small Business Loans and Advice

If your business is struggling to make ends meet, a business line of credit may be the right solution. Similar to the way a credit card works, a business line of credit allows you to borrow funds up to a certain amount and pay interest on only the money you borrow. After repaying the funds, you can continue withdrawing more money on the line. "A business line of credit can be crucial to help a business take advantage of an opportunity or weather a crisis," says Gerri Detweiler, former education director for Nav, a business credit and financing resource. "It allows you to borrow only what you need, up to your credit limit, and only pay interest on the money you have borrowed." As long as you can qualify and use the line of credit judiciously, it can be one of the best tools available to yo...

How Many Mortgage Lenders Should You Apply To? | Mortgages and Advice

2Aug

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Money

How Many Mortgage Lenders Should You Apply To? | Mortgages and Advice

When you're ready to apply for a mortgage loan, you'll likely hear that you should shop around for multiple mortgage offers.It's often left unanswered how exactly you should do this. Shopping for a mortgage is not like comparison shopping for a new home appliance or car. You'll be weighing offers from lenders who might not make it easy to sift through comparisons on a short timeline.Here's a look at why getting multiple mortgage offers is important, and how to select the best one without spending too much time and money.Why Should You Get Multiple Mortgage Offers?You’ll want to get the best possible mortgage deal because you can save thousands of dollars over the life of a loan through fewer fees or a lower interest rate."For most people, it's the biggest investment they're going to have ...

30Jul

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Money

Costco Mortgage Review 2023 | US News

Editors' note: Costco no longer offers this program.Compare Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit ScoreWhat Types of Mortgage Loans Does Costco Offer? The Costco mortgage program's lenders offer a variety of loans options, which include: Conventional 10-, 15-, 20- and 30-year mortgages. 7/1 and 5/1 adjustable-rate mortgages. First-time homebuyer mortgages. Low-down-payment mortgages. Jumbo loans. Federal Housing Administration loans. Department of Veterans Affairs loans. Refinancing. How Do Costco Mortgages Work? On Costco's website, enter basic information to generate offers, including property amount, down payment, credit score range and Z...