401k Loan vs Personal Loan: Which is Best For You?
Did you have an unexpected expense pop up and need cash fast? Or maybe you need money for home renovations, debt consolidation, or paying off costly medical debt. Whatever the reason is, you may have been thinking of whether you should dip into your 401k or take out a personal loan. So, what are the […]
How To Get 800 Credit Score
Why should you learn how to get an 800 credit score or higher? Having good credit is an essential part of financial success. You need credit to become a homeowner, purchase a car, get a credit card, and sometimes you even need good credit to rent an apartment. But what is better than having “good […]
Best Allotment Loans for Postal Employees in 2022
An ultimate guide on the best allotment loans for postal employees.
Payday Alternative Loans in 2022: An Ultimate Guide
If you’re living paycheck to paycheck and struggling to make ends meet, borrowing a little cash to help you get by seems like an obvious choice. However, if your only options are expensive payday loans, with rates ranging from 391% to 521%, taking out a loan could significantly impact your finances. With such high-interest rates […]
What is a salary advance loan?￼
A salary advance is a loan that allows you to borrow money directly out of your paycheck. You can use the money to pay for unexpected expenses or other bills like gas, food, rent, etc. A traditional salary advance from your employer would have to be repaid in full on your next paycheck. That includes […]
What is an allotment loan? A helpful guide
An allotment loan is a type of loan that requires monthly payments to be taken directly out of your paycheck. The “allotment” system began with the US military in 1889 and has expanded to include civilian federal employees since the 1960s. With the advancement of technology, the “payroll allotment” system for loans is now widely […]
Can you refinance a personal loan? Here’s what you need to know
Can you refinance a personal loan? The answer is yes. Refinancing a personal loan can save you alot of money by replacing your existing loan with a new loan that potentially has a lower interest rate and monthly payment. Refinancing your loan may be a good option if you need to extend your repayment term […]
Are Personal Loans Tax Deductible? – Stately Credit
Are personal loans tax deductible? The short answer is yes and no. While the interest you typically pay on a personal loan is not tax-deductible, the way you use the loan could potentially qualify you for a tax deduction if you meet the specific eligibility requirements. Understanding the tax limitations could help you save money […]
What is an unsecured personal loan?
Unsecured personal loans are a type of debt product typically offered by banks and other financial institutions and aren’t backed by collateral to “secure” the loan. Unsecured personal loans typically require higher credit scores and income requirements. If you fail to make your payments on time, your lender cannot repossess any of your assets to […]
How to apply for a personal loan
So, you need a loan, and you’re asking yourself: How do I apply for a personal loan? Applying for a loan begins with deciding how much you need to borrow before checking your credit and prequalifying to compare personal loan offers. While the whole process may seem overwhelming initially, below is a ten-step process that […]