Alabama Payday Loan Law and Legislation

Payday loans in Alabama are not at the present moment under the regulation of the Small Loan Act. Such conditions were very favorable for many old companies to expand and grow, as well as for newer companies to get started. At the present moment, payday lending is absolutely legal in Alabama. New regulations with regards…

Unsecured Loans vs Secured Loans

Secured Loans Collateral loans, otherwise known as secured loans are a traditional type loans that you often would need to get from the bank. These typically are harder to get approval for as the banks run a tighter underwriting process. To get a secured loan, you also need to offer something you own as collateral.…

What is Debt Consolidation?

Debt consolidation is the process of combining multiple debts from credit cards, high-interest loans, and other bills into one monthly payment. Debt consolidation solutions may lower your interest rate, which can help you save money on interest, lower your monthly payments, and pay down debt faster. The Benefits of Consolidating Debt There are several examples…

Personal Loans for Real Estate

Using a Personal Loan to Buy a New Home Many home buyers struggle to afford a down payment on a house and need alternative funding. In this day and age, prices of real estate are skyrocketing while salaries are staying pretty much the same. Because of this, many people look to personal loans in order…

Understanding Business Credit vs. Personal Credit

Personal credit is what you build by showing trustworthiness when it comes to paying your bills on time and in full, from credit cards to automobile loans to home loans. Doing so increases your credit standing. Your credit is important to keep at a good standing for several reasons. Understanding business credit will help achieve…

How Debt May Lead to Long-Lasting Stress

In the US alone, the poverty rates are astounding. As a commercial society, we are always looking to buy things we don’t need, which leads to accruing debt as well as a higher poverty rate. Poverty is one of the hardest things to overcome. Being stuck with lower income comes with a mental drain from…