Emily Sherman – The News Desk

What are Joint Personal Loans? | Personal Loans

2Apr

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Money

What are Joint Personal Loans? | Personal Loans

Key Takeaways A joint personal loan is different from having a guarantor or a co-signer, in that the joint borrower has access to loan funds. You might have a better chance of being approved for a joint personal loan – and perhaps even score a lower interest rate – but there are also risks to consider. The process of applying for a joint personal loan is similar to other loans. Sharing a financial product with another person is not uncommon – just think of a joint bank account or mortgage. Personal loans are no different, and many banks allow you to take out one of these loans with another party, known as a joint personal loan.Taking out a joint personal loan is a bit different from having a co-signer or guarantor, and it comes with its own benefits and drawbacks. Read on to learn m...

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...

Best Credit Cards For Easy Approval | Credit Card News & Advice

21Oct

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Money

Best Credit Cards For Easy Approval | Credit Card News & Advice

Building credit can seem like a Catch-22. You need a positive credit history to improve your credit score, and you'll build that history with a credit card or loan. But to qualify for a credit card or loan, you often need a good credit score."A credit card is the easiest product to get, other than a payday loan," according to credit expert John Ulzheimer, formerly of Equifax and FICO.There are several types of credit cards that accept applicants with lower credit scores, including secured cards, student cards, retail credit cards and some alternative card products. Just keep in mind that with a lower score, you might get a lower credit limit or higher interest rate.Choosing the Best Easy Approval Credit CardThere are four main types of credit cards that accept applicants with no credit hi...

4Oct

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Money

Afterpay Review | U.S. News

How Does Afterpay Work? Afterpay is an easy-to-use buy now, pay later service. Several retailers have a built-in Afterpay payment option in their checkout – both online and in stores – where you can simply select the Pay in 4 repayment.Alternatively, you can add the Afterpay Plus Card to your digital wallet from the lender's app. Then, when you check out at your favorite retailer that accepts Google Pay or Apple Pay, you'll simply tap it like a normal credit card and your installment plan will be set up automatically.When you set up your Afterpay account on the app, you'll be prompted to link the credit or debit card of your choice. After you make a purchase, installment payments can be automatically charged to the card on file.Afterpay also offers a monthly payment loan that comes with s...

How Does a Wraparound Mortgage Work? | Mortgages and Advice

29Sep

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Money

How Does a Wraparound Mortgage Work? | Mortgages and Advice

A wraparound mortgage is an unconventional type of loan that can help both buyers and sellers. It can enable buyers to purchase a home, even if they can't get approved for a traditional home loan or if the interest rate on a traditional mortgage is too high for them to afford. It can also be a profit-maker for the seller.This lesser-known financing option is an alternative to traditional home loans for buyers and sellers in unique circumstances. But wraparound mortgages come with serious risks that could make this form of seller financing not worth it. What Is a Wraparound Mortgage?In a traditional home purchase, the buyer obtains a mortgage loan and uses it to pay the seller for the house. The seller, in turn, uses that money to pay off their existing mortgage.With a wraparound mortgage,...

Capital One Entertainment Guide | Credit Cards

21Sep

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Money

Capital One Entertainment Guide | Credit Cards

If you have one of the many Capital One rewards credit cards, you have access to a lesser-known perk that can help you save time and money while accessing exclusive entertainment experiences.Capital One Entertainment is a platform accessible to Capital One rewards cardholders that offers exclusive tickets and perks within entertainment categories including music, sports and dining events. Benefits range from presale access for in-demand concert tickets to the ability to book experiences with your rewards points and more.Which Capital One Cards Are Eligible?If you have an eligible rewards credit card from Capital One, you can access the Capital One Entertainment portal, where you can browse music, sports, comedy, theater and other unique experiences happening near you. Offerings include pr...

How to Prioritize Your Debts When Student Loan Payments Resume | Student Loans and Advice

29Aug

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How to Prioritize Your Debts When Student Loan Payments Resume | Student Loans and Advice

With federal student loan payments set to resume in October, you might be wondering how to rework these payments into your budget – and if times are tough, what priority they should take over other debts.It's a difficult question to answer: How do you allocate your money to make sure you are meeting deadlines without overdrawing accounts or racking up interest?"Prioritizing debt is not only about interest rate or amount," says Jack Wang, wealth advisor at Innovative Advisory Group. "Factors such as liquidity, emergency fund, cash flow and stability of income are also important." He adds, "Paying student loans is important, but depending on circumstances, paying other debt may still take priority."When Will Federal Student Loans Start Accruing Interest Again?The student loans pause will en...

How to Find a Lost Pension Plan | Baby Boomers

23Aug

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How to Find a Lost Pension Plan | Baby Boomers

Pension plans offer some of the best retirement benefits you can get from an employer. But if you had one from a previous job, you might have lost track of your plan by the time retirement rolls around.The last thing you want to do is let valuable benefits go unused, but it could take a bit of legwork to find the information you need to hunt down your “lost” pension plan, including contacting your former employer – who might have moved, changed names or even closed down – or contacting the Pension Benefit Guaranty Corporation.Follow these steps to track down your plan: Contact your former employer. Consider financial and insurance companies. Search at the Pension Benefit Guaranty Corporation. Collect the paperwork. Look into spousal payments. Make sure you are vested. Consider a fi...

How to Get a $5,000 Personal Loan | Personal Loans and Advice

21Aug

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Money

How to Get a $5,000 Personal Loan | Personal Loans and Advice

The average emergency is getting more expensive, and thousands of Americans are living paycheck to paycheck without the means to cover the cost. When a home repair might run you over $2,000, a health emergency more than $1,300, and an unexpected bill over $1,800, you may find yourself in need of a large sum of money in a pinch.There are lots of options available for getting a $5,000 loan, including payday loans, personal loans and credit cards. For those with a good credit score and favorable debt-to-income ratio, personal loans are probably your best option, thanks to their manageable interest rates and clear repayment terms.Read on to learn more about how you might qualify for a $5,000 personal loan.Qualifications for a $5,000 LoanThe qualifications for getting a $5,000 personal loan ar...

What Documents are Required For Getting a Personal Loan? | Personal Loans and Advice

20Aug

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Money

What Documents are Required For Getting a Personal Loan? | Personal Loans and Advice

When you apply for a personal loan, your application is approved based on whether you meet requirements including a solid credit score, favorable debt-to-income ratio and more. In order to prove you qualify, many lenders require that applicants submit supporting documentation alongside their application.Make sure you are ready to provide these documents, which can include pay stubs, utility bills and more, before you apply.What Documents Are Required for Getting a Personal Loan? Different lenders will require different documents alongside your personal loan application, which itself will typically ask for your personal information like name and date of birth, income and the amount you are requesting. Still, there are some common requests to be prepared for."Credit score, income and how mu...