Author: Sulaiman Abdur-Rahman
Federal student loan relief is ending. Here’s how to prepare
After a break of over two years, borrowers will restart federal student loan payments in January 2023. Before the new year arrives, it might be …
Money-saving programs for Colorado first-time homebuyers
There’s something for just about everyone in Colorado — especially those who love the great outdoors. The state is known for its ski resorts, hiking …
Could debt settlement save your financial life?
Debt settlements are a possible way for borrowers to resolve a default or delinquency on a loan account. A debt settlement is when your lender or …
Here’s how much a hot tub really costs you all-in
Consumers with good credit or bad credit may have several options for buying and installing a hot tub. Elite spas can cost more than $20,000, while …
Are vacation loans ever a good idea?
Vacation loans are personal loans that help borrowers pay for the costs of a getaway. Vacation loans provide you with a lump sum of money that …
Think you can’t afford a house? Think again
Between rising mortgage rates and an overheated real estate market, aspiring homeowners may feel priced out. Across the United States, the supply of listed and available …
Can you modify your personal loans?
Loan modification is a change to the terms and conditions of an existing loan agreement. Borrowers may request loan modifications if they are experiencing financial …
Are your finances in murky waters? Watch out for loan sharks!
A loan shark is a person who lends money at an unlawfully high rate of interest or who threatens violence to collect debt payments. Loan …
Here’s how to get out from under your payday loan
Payday loans are short-term consumer lending products that can carry high fees, especially when measured as an annual percentage rate of interest. A $100 payday …
7 financial aid secrets students need to know
As a student (or parent) it can be easy to focus solely on the college application process, and completely forget about financial aid. You spend so …
These luxury cars have the highest maintenance costs
Luxury cars generally have high maintenance costs. You can spend thousands of dollars maintaining an Audi, BMW, Jaguar, Lexus, Mercedes-Benz, or any other luxury car brand. …
Are you paying too much interest on your car loan?
The average interest rate on a car loan is generally higher for used vehicles than new vehicles. For vehicles financed in the fourth quarter of 2021, …
Should you take a loan for mortgage closing costs?
Borrowers with good credit may get a personal loan for mortgage closing costs. Bringing personal loan money to the closing table can help you finalize your …
Can you really build wealth using debt?
Taking on new debt is not always so bad. Sometimes it makes sense to borrow money with a promise to repay the debt, particularly if you’re …
How to help the teens in your life prep for College Decision Day
After four years of hard work in high school, the college acceptance letters begin to roll in. If a student is lucky enough to receive multiple …
17 ways to make financial freedom a reality
Ever dream of walking out of your job, free to pursue a project you’ve always dreamed of starting? Or going back to school without taking out …
Can’t afford moving expenses? There’s a loan for that!
Moving across town, out of state, or internationally can be costly, but consumers have a variety of options to finance such a move. You may consider …
Don’t fall for these 7 auto loan scams
Auto loan scams can deprive consumers of their hard-earned money. Some of the most common auto loan scams include car title loan scams, change in …
Why you need to know more about the Fair Credit Reporting Act than you do
The Fair Credit Reporting Act is a federal law that restricts who can access your credit report. It gives you the right to obtain your credit …
There are a lot of different personal loans. Here’s how to choose the right one?
Personal loans are consumer lending products that provide you with a lump sum of cash to be repaid under terms and conditions of a loan agreement. …
Need $5k right now? Here’s when you should (or shouldn’t) get a personal loan
Getting a $5,000 personal loan may not require good or prime credit. Subprime borrowers with fair credit scores between 580 and 669 can qualify for $5,000 …
Need new kitchen appliances? There’s a loan for that!
Appliance loans can cover the cost of kitchen appliances. These appliances, including refrigerators, dishwashers, ovens, microwaves and stovetops, can individually cost hundreds or thousands of dollars. …
What is a fixed-rate loan?
A fixed-rate loan is a lending product that allows eligible consumers or businesses to borrow money with an interest rate that does not change over the …
Here’s when credit card companies report to credit bureaus
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct …
8 reasons why good credit is so important
Credit matters when looking to buy a house, car, or any other pricey asset. Unless a consumer is flush with cash, the path to home and …
What credit score do you need to buy a car?
Because a credit score is an important indicator for determining a consumer’s creditworthiness when buying a car, those with excellent credit histories tend to have an …
FedLoans, Granite State and Navient: Why are the loan servicers not renewing their contracts with the federal government?
Three organizations are leaving the federal student loan servicing business to refocus on private student loans. FedLoan Servicing, Navient Corp. and Granite State Management …
