Financial institutions may offer open-end credit and closed-end credit to consumers and businesses. Open-end credit is a revolving credit product, while closed-end credit is a nonrevolving lending ...

If you have a car loan and are wondering how to go about lowering a car payment, you may want to explore renegotiating your car loan. If you’ve built your credit score since you’ve signed your car ...

Gambling debt can become a serious crisis in your life. As with any debts you incur, a personal loan can be used for repayment. However, gambling debt presents special challenges that must be ...

The grace period on a credit card gives you time to pay off your purchases without being charged any interest. Generally, it’s 21 days, though some credit card issuers give you a longer period. If you ...

For those whose primary source of income is Social Security disability, obtaining a car loan can prove more difficult. It becomes even more challenging for those with bad credit, due to the fact that ...

With interest rates still high, now may be a good time to evaluate your savings strategy. If your extra cash is currently sitting in the bank earning at or close to 0%, you may want to consider moving ...

It can be tempting to buy a little piece of paradise that you and your family can escape to once a year. But timeshares don’t come cheap. And, many interested buyers simply don’t have the thousands on ...

Plumbing repairs such as a burst pipe, installing a new water heater, or fixes for a septic system can cost thousands of dollars. These repairs are often emergencies, so there’s no time to plan and ...

If you have imperfect credit or a limited credit history and need to finance an automobile purchase, you may qualify for a subprime auto loan. These loans are relatively risky for lenders to take on, ...

A family loan is when one family member lends money to another. For instance, a person might want to borrow from a relative to help pay for a down payment on a home. While family loans can have many ...

A nonpurpose loan is an extension of credit in which borrowers can pledge securities as collateral and use the funds for personal reasons. Borrowers, for example, can use a nonpurpose loan to finance ...

You’ve probably imagined yourself behind the wheel of a Lamborghini, cruising in a Maserati, or putting the pedal to the metal in a red Ferrari. Exotic cars are typically low-slung sports cars, often ...