Tag: loans

What Are Your Rights as a Co-Signer? | Personal Loans and Advice
Money

What Are Your Rights as a Co-Signer? | Personal Loans and Advice

If someone you're close to needs to borrow money to buy a home or start a business, you might want to help them out by co-signing. Co-signing a loan can help the person you care about get ahead financially, but it's a significant commitment that you should enter into with your eyes wide open.You need to be aware that a co-signer's rights are limited. Co-signing means promising to pay back a borrower's loan if the borrower fails to pay. You have the responsibility of repaying the debt, but you don't have any right to use the loan proceeds.What Is a Co-Signer?A co-signer is someone who agrees to be responsible for repaying another person's loan. If a lender isn't confident that a loan applicant will pay a loan back, it might insist on a co-signer.How Is a Co-Signer Different From a Co-Borro...
7 Loan Apps That Let You Borrow Money Fast | Personal Loans and Advice
Money

7 Loan Apps That Let You Borrow Money Fast | Personal Loans and Advice

If you ever find yourself in a financial bind and need instant access to cash to cover an unexpected expense, there's an app for that. Whether you call them loan apps, borrow-money apps, cash advance apps or payday advance apps, these online lenders can provide financial lifelines to people in a penny pinch.They're not ideal. There's always a cost to borrowing money – even if that cost is just in the form of continuing bad financial habits – but loan apps might be useful in an emergency. Learn more about how loan apps work, the pros and cons, and our top picks for when you find yourself coming up short.Are There Really Apps That Let You Borrow Money?Different from online personal loans, loan apps are meant to offer a short-term solution for those in need of a quick money fix – and there a...