Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, who we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. Amortization is the process of paying off a loan, […]
No credit check loans are loans where the lender does not check the borrower’s credit before approving and lending loans. These types of loans can be tempting if your credit is poor and you don’t qualify for other products. However, no credit check loans can be risky and are generally not well regarded as they […]
Pavlo Gonchar / SOPA Images Up to 100 million American adults have used buy now pay later (BNPL) loans at least once in the past 12 months, but financial institutions currently do not have access to the information generated when consumers open and redeem these new debt securities, according to a new report. Now, TransUnion […]
An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan. Examples of […]
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January 2022 has turned into a breakthrough month to strengthen consumer protections in the nation’s banking sector and ensure that more Americans can have access to safe and affordable credit. In just nine days, five of the country’s largest banks…Bank of America, Wells Fargo, American bank, Truistand Bank of Regions– announced that they are eliminating […]
A coalition of lobby groups wants U.S. regulators to look more closely at banks’ partnerships with FinTechs to charge predatory interest rates that would otherwise be illegal in lenders’ home states, Bloomberg reported on Friday (February 4). In one letterthe National Community Reinvestment Coalition, the NAACP and several other groups said the Federal Deposit Insurance […]
Three major banks — Wells Fargo, Truist and Bank of Regions – announced in January its intention to launch low-value loan offers to its customers with checking accounts. If their loans give customers time to repay in affordable installments at fair prices, like the existing small loans from US Bank, Bank of America and Huntington […]