Personal Loans Articles

Man waving goodbye
Feb, 21, 2012
Refund anticipation loans, more commonly referred to as RALs, will no longer be offered after this year’s tax season. Some weep at this news, while others cheer, but the general consensus is that executing this type of financing is good for the American public. Why’s that? Because many feel RALs simply suck tax refunds away from those who rightfully deserve them: taxpayers. Then the funds are diverted and filtered into the coffers owned by large banks and corporations.  
Handcuffs around a roll of cash
Feb, 9, 2012
Imagine a world that not only rebuked and demonized those who fell behind on their loan payments, but also threw them in jail. That world was extinguished in the 19th century, and has since become an anxiety-producing fear we’ve all nearly forgotten about.   Historically, borrowers were not only expected to pay back personal loans, they were required to. Sure late fees were handed out and collateral was repossessed, but there was an additional punishment that most today—particularly those in a nation founded on liberty—would find utterly appalling: one’s freedom.  
Hundred dollar bills behind a butterfly cutout
Jan, 31, 2012
Despite the fact that demand for personal loans has risen in the past few months, the Wall Street Journal reports that U.S. banks have kept credit tight when it comes to issuing those loans out to borrowers. The reason for this apprehensive lending practice points to a rather frightening growth that financial experts across the nation are closely monitoring: the growing European debt crisis.  An Economic Butterfly Effect  
Three silhouettes of hikers in the desert
Jan, 26, 2012
Human beings are task oriented creatures. We operate best when we have something to do, and the inner-workings of our brains drive us to fill our lives with tasks. Perhaps the most obvious sampling of today’s society that illustrates this phenomenon is the population who enjoys video games—particularly games of the role playing variety. Progression in many role playing games results from the completion of mundane tasks, in which a player is expected to wander around and, say, slay 30 of a particular type of monster.
Man standing in front of silenced crowd
Jan, 5, 2012
When it comes to protecting the public from poor personal loans and predatory lenders, what are we, as a nation, willing to sacrifice? Despite what the individual’s opinion may be, the president has answered that question for us this week with a disturbing response: personal loan protection should be granted at the cost of our government’s checks and balances.   During a short break in which the Senate did not meet, the president evoked a constitutional right that allows him to appoint an individual into a position of power without the need for Congressional approval.  
Man with tweezers pulling the word password out of computer code
Dec, 28, 2011
The days when bank robbers put on black ski masks, used shotguns, automatic rifles, specialists who are renowned for breaking into the most sophisticated of safes, loud intimidating shouts, and a paneled getaway van are slowly dwindling. The legacies left behind by Tarantino’s Mr. Pink, White, and Blonde are beginning to look dated and ancestral.  Rather, the financial thieves of today are taking a whole different approach.  
Man stressed out on phone
Dec, 26, 2011
One of the most annoying types of phone calls is from debt collectors. Whether the collector simply harasses a debtor or resorts to full blown threats, the interactions between debtor and collector are rarely pleasant ones. But what collectors don’t want the public to know is that a personal loan debtor (or those holding any sort of loan) has much more power than he or she usually realizes. Debtors need to be aware that they can put an end to many of the tactics collector’s use to squeeze money from defaulted borrowers.  Stop Calling Me  
Piggy bank family
Dec, 14, 2011
When big banks and traditional means of lending fail borrowers, or when one desires to avoid the paper work and strict lending practices of institutions, there is often another route to obtain money: loved ones. But the decision to borrow money from a family member (or loan money out to a family member) is not a decision to take lightly. In fact, this form of lending may come with even more strings attached than traditional personal loans—and the repercussions can be far more irreparable than credit scores.  Take a Look at the Current Market  
Piggy bank with Santa hat
Dec, 2, 2011
Consumers are gearing up for the holiday season. They are not only looking forward to time with friends and family, holiday meals, and vacation time, but they’re also excited to give presents to their loved ones. As a result of the gift-giving cheer Christmas and other holidays bring, the month of December, for many, proves to be very expensive. According to the American Research Group, shoppers spent nearly $650 on Christmas gifts in 2010.
Sapling growing in palm of hand
Nov, 28, 2011
There’s a common saying that goes, “It takes money to make money.” While most do not have access to large sums of cash before attempting to start a business, there are a few routes available to entrepreneurs who hope to establish the necessary funds required to make money.  Equity Financing or Debt Financing   The first decision a young business owner must make is what kind of financing he or she will use for starting and maintaining their small business. The two most viable options are equity financing or debt financing.