Chris Kissell – The News Desk

3Apr

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Money

Best Medical School Loans of April 2024

What Are the Different Types of Medical School Student Loans?Federal student loans for medical school students. The federal government offers medical students direct unsubsidized and Direct PLUS loans. Direct loans – also known as Stafford loans – are available to students enrolled at least part time. "It's easy to get approved for what you want," Miller says. "Most doctors are able to take out the debt they need. The limits are quite high."An unsubsidized loan accrues interest the day it is disbursed until it is paid in full. You can wait until after graduation to repay loans or make interest payments while you're in school to reduce the amount due later.A Direct PLUS loan is available to help students pay for education expenses not covered by other financial aid. A medical student might...

Best Medical School Loans of December 2023

24Dec

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Best Medical School Loans of December 2023

What Are the Different Types of Medical School Student Loans?Federal student loans for medical school students. The federal government offers medical students direct unsubsidized and Direct PLUS loans. Direct loans – also known as Stafford loans – are available to students enrolled at least part time. "It's easy to get approved for what you want," Miller says. "Most doctors are able to take out the debt they need. The limits are quite high."An unsubsidized loan accrues interest the day it is disbursed until it is paid in full. You can wait until after graduation to repay loans or make interest payments while you're in school to reduce the amount due later.A Direct PLUS loan is available to help students pay for education expenses not covered by other financial aid. A medical student might...

29Nov

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Money

Alliant Credit Union Personal Loans 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 Alliant Personal Loans Be Used for?You can use an Alliant personal loan for purposes that include consolidating other loans, covering emergency expenses or paying for home improvements. Alliant personal loans may not be used for rent, utility bills, credit card or loan payments, business expenses, or investments.How Do Alliant Personal Loans Work? If you want an Alliant personal loan, you will apply on the Alliant Credit Union website by selecting Personal Loans under the Borrow tab. Click on the Apply Now button. If you are a credit union member, you will log in and apply. Alternatively, y...

What Credit Score Do I Need to Get a Credit Card? | Credit Cards

24Oct

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What Credit Score Do I Need to Get a Credit Card? | Credit Cards

Some folks have credit scores that soar into the heavens. But many of us have scores that are a bit more down to earth. What type of credit score do we need to get the best credit cards, or any type of plastic at all?Your score will have a major impact on your ability to borrow, and at what terms. But you can find cards for fair credit or even no credit to help you build or rebuild your credit score.Here's more about the credit score you need to get a credit card.What Credit Score Do You Need for a Credit Card? There is no hard-and-fast rule about the credit score you need for a credit card. However, issuers will look closely at your credit score before extending a credit offer, and a low score could keep you from getting a credit card, or at least the one you want."A lower score can impa...

What’s the Average Amount of Credit Card Debt in the U.S.? | Credit Card News & Advice

23Oct

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What’s the Average Amount of Credit Card Debt in the U.S.? | Credit Card News & Advice

Credit card debt is damaging the finances of millions of Americans. For many decades, households have been sinking in a sea of red ink.Because credit card interest rates tend to be high, the deeper someone falls into debt, the more difficult it is to climb out of the hole.So, just how much credit card debt does the average American hold today?The Average Amount of Credit Card Debt in the U.S.As of the second quarter of 2023, the average credit card balance in the U.S. was $5,947, according to TransUnion, one of the three major credit reporting agencies."This represents the highest average balance since the second quarter of 2008," says Paul Siegfried, senior vice president and credit card business leader at TransUnion.Total credit card balances in the U.S. hit a record-high $963 billion d...

Carrington Mortgage Review 2023 | US News

18Oct

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Carrington Mortgage Review 2023 | US News

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 Carrington Mortgage Services Offer?Carrington Mortgage Services offers a variety of home loans, including: The Carrington Flexible Advantage loan has purchase, refinance and cash-out refinance options intended for buyers with: Carrington Prime Advantage could be ideal if you have a high credit score yet do not qualify for a conventional or government-backed loan because of credit events from more than four years ago. This program accepts recent bankruptcies, foreclosures and late payments, as well as first-time buyers.How Does Carrington Mortgage Services Work?When ...

First Tech Federal Credit Union Personal Loans Review 2023| US News

5Oct

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Money

First Tech Federal Credit Union Personal Loans 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 ScoreHow Can a First Tech Federal Credit Union Personal Loan Be Used?You can use a First Tech personal loan "for almost anything," according to the lender. A personal loan offers an alternative to a credit card to pay for emergencies or little luxuries, such as a dream vacation or a deck for your house.Common loan uses for personal loans might include: Consolidating debt. Covering emergency expenses. Financing home renovations. How Does a First Tech Federal Credit Union Personal Loan Work?You can apply for a First Tech personal loan online, by phone at 855-855-8805 or in person at a branch. First Tech ...

How You Can Use Home Equity to Buy Another House | Mortgages and Advice

31Aug

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Money

How You Can Use Home Equity to Buy Another House | Mortgages and Advice

Most of us are happy to own just one home. But others have an eye on buying a second home. Using the equity from the first home is one way to make that dream a reality.Many borrowers use equity to purchase a vacation home, rental property or second home. But before you do, it's important to weigh the pros and cons.What Is a Home Equity Loan?A home equity loan lets you borrow against the equity in your home. You may use the cash to pay off debt, fund a home renovation project or for another purpose.This type of loan typically comes with a fixed rate. You get the money as a lump sum and pay back the loan over time.A home equity loan can be an attractive option for folks who need to borrow. “Compared to other loan types, home equity loans or lines of credit frequently have lower interest rat...

What Is a Good DTI for a Mortgage? | Mortgages and Advice

28Aug

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What Is a Good DTI for a Mortgage? | Mortgages and Advice

If you plan to buy a home or car – or make any purchase that requires a loan – it is essential to have a good debt-to-income ratio. Your DTI reveals how much of your income goes toward debt payments each month, and this ratio gives lenders a snapshot of your financial condition and how likely you are to pay back your loan. A good DTI may help get you a loan at the best rates, but a bad DTI might prohibit you from getting a loan at all."Getting over-leveraged and having too much debt compared to your income can be like a house of cards: One little gust of wind can send the whole thing toppling down," says Evan Henderson, a certified financial planner with Northright Financial in Appleton, Wisconsin. Before you shop for a home loan, make sure you understand how debt-to-income ratio works an...

What Is Unsecured Debt? | Personal Loans and Advice

20Aug

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Money

What Is Unsecured Debt? | Personal Loans and Advice

At some point in your life, you will likely need to borrow money. Perhaps you plan to take out school loans or apply for a mortgage. Whenever you borrow money, chances are good that it will be in one of two forms: secured debt or unsecured debt.Unsecured debt is a common form of borrowing that includes traditional credit card cards, student loans and medical bills. This type of borrowing is often quicker and easier than applying for secured debt."Unsecured debt can be great in a pinch, especially when not using it will result in financial harm," says Karen Carlson, vice president of education and digital marketing at InCharge Debt Solutions, a nonprofit credit counseling organization.But if you are not careful, unsecured debt can come with significant drawbacks. "If you are struggling to ...