What are the Unique Features of Personal Loans?

What are the Unique Features of Personal Loans

OneMain Financial (formerly Citifinancial) has more than 1,300 local branch offices in the United States and Canada. While not all personal loans will have each feature or benefit described here, these are typical of most loans in this category. Applying and getting approval for a personal loan is quicker. When you compare the time it takes to apply for other loans like mortgages and home equity loans which require a lot of paperwork and background research, you’ll usually find there’s far less paperwork for your personal loan and it will be processed and approved faster. You can apply for a…

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Do I Really Need a Loan?

Do I Really Need a Loan?

OneMain Financial (formerly Citifinancial) has more than 1,300 local branch offices throughout the U.S. and Canada. That’s the most important question you should ask yourself before you decide to take out a personal loan. The answer will depend on your unique financial situation. To decide whether applying for a personal loan makes financial sense for you, carefully think about these issues: What’s the best, most financially wise way to get the money you need? Do you need the money right away or could you wait and save what you need? Do you make enough money to cover the additional monthly…

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What are the Uses of Personal Loans?

What are the Uses of Personal Loans

OneMain Financial (formerly Citifinancial) has more than 1,300 local branch offices throughout the U.S. and Canada. When you take out a personal loan, you’re free to use the money for any purpose. It all depends on your personal situation. You could use your personal loan to: Fix up or add an addition to your home. Pay off higher interest debt from credit cards or other loans. Pay unexpected bills for car and home repairs. Clear up medical or dental bills. Purchase new furniture or appliances for your home. Help your children pay for college or pay for classes for yourself….

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What is a Personal Loan?

What is a Personal Loan

OneMain Financial (formerly Citifinancial) has more than 1,300 local branch offices throughout the U.S. and Canada. There are many different types of loans available from financial institutions. One type of loan you may be less familiar with is the personal loan. Unlike most loans, personal loans do not require you to provide the lender with something of value that they can keep if you fail to make your loan payments. Personal loans are also known by several other names, including unsecured loans or installment loans. How do personal loans work? When you arrange a personal loan with a lender, the…

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Mortgage Interest Savings / Amortization Calculator

Interest and Amortization Mortgage Calculator

The boring, but necessary, stuff: This calculator is provided to you without express or implied warranty and is to be used as an informative guide only. Please verify all payment information with your lender directly. You are free to redistribute this calculator, but you must leave it as is, with the attribution in place. If you are a website owner, and wish to provide this for free to your clients or web site visitors, we can provide you with a co-branded version (with your logo and contact information). Please contact us through one of our social media accounts above. If…

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What is Credit Counseling?

Who Can This Service Help?

This type of debt relief is best suited to people who are struggling to make the required minimum monthly payments on their credit card debt. However, you must be committed to making changes about how you manage your money, not just attracted to the idea of someone helping to get you out of debt. You have to participate in the program, and success is going to require the dedication of your effort and time. A good credit counseling program will help you learn how to get control of your finances by living without using credit to make ends meet, and…

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What is a Secured Loan?

Who Can Get a Secured Loan

Explanation: When a borrower’s asset is used as collateral, it is pledged as security for that transaction. In other words, if the borrower does not make the payments as agreed upon in the loan agreement, the lender can take steps to secure or repossess (take ownership) of the asset. In this way, the loan is said to be “secured” to the asset. Foreclosure is a form of repossession, but it is a considerably more complex and involved process (as it should be) because it involves a borrower’s home. Just how complex, however, depends upon the laws in the state where…

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FDIC Consumer News "Spring 2008" Practical Money Managing Advice

Special Edition: Money Tips for All Ages

Your Finances at Different Stages of Life For Any Age or Stage – Practical Advice for Everyone Comparison Shop Credit Reports for Free Save More Spend Less Keep Banking Costs Down Understand FDIC Insurance Investments Can Lose Value Be Cautious When Borrowing Prepare for the Unexpected Protect Against Fraud For Teens – Managing Real Money in the Real World Save Money Track Spending Think Before Buying Protect Yourself For Young Adults – Financial Independence For Newlyweds – Starting a Household At Midlife – Multi-Tasking In Your 30s, 40s or 50s Save for Retirement Do Your Homework For Parents – Teaching…

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Economic Stimulus Payments

Make the Right Call with Your Economic Stimulus Payments

Do you know the best way to avoid the need for debt consolidation? The best solution to avoid debt is to not incur it in the first place. Most US households have been presented with just such an opportunity, which began on Monday. In fact, many of you may have already received a tax rebate direct deposit from the IRS. Designed to bolster the US economy, these rebates are being distributed ahead of the original schedule and will arrive in the hands of millions of Americans by the end of this week. When completed, more than 130 million households will…

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Checking Account Management

Manage Your Checking Account Before it “Manages” You

You may say, “I don’t write bad checks. I have a monthly budget and I stick to it. I never overspend.” That is excellent. All consumers should take this approach to their budgeting and spending habits. However, keep in mind two things: Unexpected expenses do come up. You cannot budget for everything unless you have a crystal ball. If you are living paycheck to paycheck, it only takes one bad experience to throw your perfectly budgeted world into financial chaos. As stressed multiple times throughout this web site, it is very important that you keep an emergency fund at your…

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