Can medical bills affect your credit? The short answer is yes, if you don’t pay them. The U.S. spends more on health care per capita than any other country, according to a report by the Peterson-Kaiser Health System Tracker. So, it’s not surprising that in 2014, the Consumer Financial Protection Bureau found that […]

What is a credit score? A credit score is a number that is calculated based on the information in your credit report, which helps credit providers know how responsible you are to lend to, and whether you have the endurance to pay them back. It’s a number that is between […]

In order to understand the types of consumer credit, it is important to know what consumer credit is. It is simply an amount of credit used by individuals to buy products, such as goods and services and is used as an advance which is required to pay for the purchases. The purchase […]

A student loan If you don’t have the money to pay for college, a student loan will enable you to borrow money and pay it back at a later date, with interest. A loan is different from a grant or a scholarship. If you receive a grant or a scholarship […]

The Employee Retirement Income Security Act (ERISA) covers two types of retirement plans: defined benefit plans and defined contribution plans. A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $100 per month at retirement. Or, more […]

The most common personal loan everyone is familiar with is an unsecured loan, but what other options do you have for personal loans? If you recall, an unsecured loan does not require collateral measures but, instead, raises the interest rates in cases of risk. Personal loans range from secured to fix-rate loans, […]

Loan types vary because each loan has a specific intended use. They can vary by length of time, by how interest rates are calculated, by when payments are due and by a number of other variables. Debt Consolidation Loans A consolidation loan is meant to simplify your finances. Simply put, […]

SBA loans Currently, the SBA offers four types of small business loans: 7(a) Loan Program: 7(a) loans, the SBA’s primary lending program, are the most basic, common and flexible type of loan. They can be used for a variety of purposes, including working capital; the purchase of machinery, equipment, furniture, and […]

If you’re ready to buy stocks, bonds, or ETFs, you may be wondering where these types of investments are held. There are a few different types of accounts in which you can hold investments. But they can’t live in your standard bank account. Here are your options. Retirement accounts Saving […]

Credit cards and medical bills are ideal for the debt settlement process because if the cardholder files for bankruptcy, the card company or medical facility could get nothing. Federal student loans are another story. It’s extremely difficult, to reach a debt settlement. If you have defaulted, the government allows a […]