When Alex and Priya Thompson got married, they weren’t just blending their lives—they were also blending their debts. Between student loans, credit card balances, and a hefty car loan, their combined debt totaled nearly $78,000. Like many young couples, they felt the constant pressure of monthly payments eating into their income. Despite working decent jobs—Alex in IT and Priya as a marketing associate—they found themselves living paycheck to paycheck.
This is how Alex and Priya turned their financial situation around
“I remember the day we added it all up,” Priya recalled. “It was terrifying. We knew we had to make a change, but we didn’t know where to start.”
9 Things About Student Loan Forgiveness
Do you know what happened to Corinthian college last year and ITT Tech this year? They were forced to shut down after govt. A decision to not allow federal student loan aid for students of these institutes. So what if you were a student of such college? What happens to your student loan, can you get it forgiven?
If you graduated from college with a fancy piece of paper and a mountain of loans to deal with, you might be feeling like you’ll never pay them off. Maybe you got a job and your payments feel like a drop in the bucket. Maybe you haven’t been able to find a job, and the phone calls from collection agencies have started already.
Reducing Your Student Loan The Smart Way
No one wants to graduate with a huge student loan, so why not consider reducing it while you’re still at college or just out of one? That way, it’s not hanging over you for years.
Reducing Your Student Loan The Smart Way
The burden of student loans is much heavier than a decade ago. On average, a college graduate today has about $25,000 in student loan debt. In 2005 that figure was a mere $10,000. Education is going to be costlier over the years. So, what should a student do?
The Benefits of Debt Consolidation for Managing Multiple Loans
If you’re in this corner of the website, you’re probably overwhelmed by the constant juggling of multiple loans. However, consolidating your debts might be your much-needed solution.
You can combine several loans into a single and manageable payment. However, you may wonder how does debt consolidation work, along with what benefits it offers. This blog post will guide you on how debt consolidation can streamline your finances.
Decoding DSCR Loans: A Key to Real Estate Investment Success
In North Carolina’s finance and real estate sectors, investors are constantly on the lookout for new, innovative ways to secure funding for their ventures.
Here, DSCR or Debt Service Coverage Ratio loans are a powerful financial tool, providing real estate investors with opportunities to acquire and expand their property portfolios.
In this article, we’ll delve into the intricacies of DSCR loans, explore their significance in North Carolina’s real estate investments, and uncover why they have become the go-to choice for many investors.
Cracking the Debt Free Code
Debt is a burden that affects almost everyone nowadays, especially credit card debt. According to LendingTree, Americans are holding $986 billion in debt collectively, with the average cardholder carrying a balance of $7,279 in December 2022.
That’s a lot of debt! Especially with credit cards, which are notorious for having extremely high-interest rates, which eat away at your ability to get ahead financially. After making a few not-so-great choices in my early 20s, my wife and I focused our efforts on getting out of debt (except for our mortgage).
Debt, Loans, and Mortgages Where’s Way Out?
If you have debt, you’re not alone. Americans are spending more money than they make and piling on debt…mortgages, loans, and credit card debt. The Census Bureau shows the median household income at just under $60,000 a year, while the Federal Reserve says the average household has over $137,000 in debt.
Enjoy this guest post from Alan Akina!
Top 10 Fintech Companies for Personal Loans
So, you need to find the best personal loan option? Perhaps you need to remodel the kitchen, add a pool to the backyard, or start your own business. And, you do not qualify for a home equity loan. Whatever the case may be, you want to be sure that you are getting the best loan for your circumstances. We have researched through 100’s of sites and 100’s of banks to prepare this list of current top 10 personal loan providers who are primarily Fintech companies. List Last Updated 03/21/2022
If you rather want to check Fintech companies directly, then follow the leads from the table below.
Top 10 Fintch Personal Loan Providers
| Rank | Lender | Interest rate | Loan Range | Comments |
| 1 | Upstart |
5.22% – 35.99% | $1,000 – $50,000 | This is best performing personal loan provider, and growing business more than 50% a year. Employs AI to establish credit worthiness. Best for people new to credit, hassle free online experience, get funds within hours. |
| 2 | personalloans | $6% – $36% | $2,000 – $35,000 | Check here first. They are not direct lenders, they are brokers to find the best loan for you in your state. With one application, you get multiple lender offers to compare and choose from. |
| 3 | Lending Club | From 6.67% | $1,000 – $40,000 | You can expect delay in loan payment, late fee is assessed after 15 days of due date. You can check pre qualification before actually borrowing |
| 4 | Kabbage | From 6.78% | $1,000 – $35,000 | No hidden fees. Average interest rate via lending club is 14.8% |
| 5 | Trusted | 6.68% – 36% | $2,000 – $35,000 | No hidden fees. For Massachusetts residents, the minimum loan amount is $6,001 |
| 6 | Bad Credit Loan | From 6.78% | $1,000 – $35,000 | No hidden fees. Average interest rate via lending club is 14.8% |
| 7 | Prosper | 6.68% – 36% | $2,000 – $35,000 | No hidden fees. For Massachusetts residents, the minimum loan amount is $6,001 |
| 8 | Fundera | From 6.78% | $1,000 – $35,000 | No hidden fees. Average interest rate via lending club is 14.8% |
| 9 | Payoff | 6.68% – 36% | $2,000 – $35,000 | No hidden fees. For Massachusetts residents, the minimum loan amount is $6,001 |
| 10 | Net Credit | From 6.78% | $1,000 – $35,000 | No hidden fees. Average interest rate via lending club is 14.8% |
Why Fintech Companies
The main reason is their low overhead cost.
What Happens When You Refinance Student Loans
If you’re paying off student loans, you might know the headaches involved with seeing your balances stay at almost the same level, despite paying hundreds of dollars each month. This is a common phenomenon experienced by borrowers across the board, regardless of the loan type.
Most loans are front-loaded, which means you will be paying off interest before making a dent in the principal balance.
How I Paid Off $12,000 in Credit Card Debt Using the Snowball Method
When I was a college student, I received my first credit card offer. I didn’t know it at the time, but that one credit card would lead me down a financially destructive path and eventually to $12,000 in credit card debt. It took me three years to dig myself out of the financial hole I got myself into- and I learned many lessons along the way. I now want to use what I’ve learned to help others on their debt pay-off journeys.
I believe anyone can get out of debt, no matter how impossible it may seem. I know what that hopelessness feels like, but I also know what it feels like to finally be debt-free after years of drowning in credit card debt. I hope my story inspires you and gives you the confidence you need to start paying off debt so you can have a more secure financial future.
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