Payday loans are a great option if your credit history has suffered as a result of financial hardship. You may be able to obtain a loan that you would otherwise have a very difficult time obtaining. There are a few ways that payday loans can affect your credit score and that your credit score can affect your payday loan.
Lenders May See Your Payday Loan History
Lenders may gain access to your payday loan history when considering you for a loan.
When a bill arrives overdue and with shutoff warnings attached, it's tempting to take the first loan offer you find to settle your financial obligations. However, quick loans vary greatly depending on who's offering them and the type of loan. Find out why a signature loan is a better option than a payday loan for most borrowers.
The biggest difference between payday and signature loans involves credit scores.
Home equity can be a valuable financial resource for elderly individuals who need help paying for long-term-care expenses. Whether you need the money to help cover the cost of a nursing home stay or pay the expenses for home health care, before you tap into the equity in your home, it's important to consider the types of home equity loans available.
Conventional Home Equity Loan/Home Equity Line of Credit
While you must pay back the loan with interest, the total cost of a conventional home equity loan or line of credit can be less than that associated with a reverse mortgage, which generally comes at a higher interest rate and with more upfront costs.
If you've recently opened a small business, you may be excited but exhausted -- and eagerly anticipating the point at which you'll have a steady enough profit to hire some employees and take a few days off every once in a while. So when you're scrambling just to keep your head above water in the early stages of a new business, you may find yourself putting tax issues on the back burner.
Investing in collectibles, such as rare or ancient coins, is one way of diversifying your hard assets portfolio. Apart from helping a collector to capture the art of a certain period of time, you can also get attractive financial returns from rare coins. So where can you sell your precious collectibles? Below is a guideline on how you can go about it.
Have an inventory
The first step you need to take is to come up with an accurate inventory of the ancient coins that you want to sell.