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 ...

You’re proud of your yard and will do what it takes to keep it looking good. But what do you do when your trusty old lawn mower kicks the bucket and you don’t have the cash to buy a new one? Is your ...

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 ...