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How to Improve Debt to Income Ratio

How to Improve Debt to Income Ratio

If you’ve ever tried to get a mortgage or a car loan, you likely heard the term “debt to income ratio.” This ratio is a number that lenders use to determine how much more debt you can afford to pay each month. If your debt to income ratio is high, lenders will be less...
How to Stop Student Loan Garnishment

How to Stop Student Loan Garnishment

If you are struggling to pay your student loans in today’s economy, you are not alone. According to The Institute for College Access & Success, a nonprofit organization, “about two in three (65 percent) college seniors who graduated from public and private...
How to Get Out of Student Loan Debt

How to Get Out of Student Loan Debt

Over 44 million Americans have student loan debt, according to a 2018 report by the Federal Reserve Bank of New York. The total amount of student loan debt is more than $1.47 trillion, as of the end of 2018. Student loan debt in America is greater than credit card...
What Are Subprime Loans and Their Pros and Cons?

What Are Subprime Loans and Their Pros and Cons?

A subprime loan is a type of loan offered at a higher rate than prime to people who don’t qualify for prime rate loans. Often, subprime borrowers have been rejected by traditional lenders because they have low credit scores or have other factors that give lenders...