Tag Archives: Know

Student Loan Interest Rate Freeze Update: What Borrowers Need to Know

In a significant move impacting millions of Americans, the federal government has announced an extension of the pause on federal student loan interest accrual. This update provides critical breathing room for borrowers as broader discussions on loan forgiveness and long-term

Payday Loan Default Consequences: What You Need to Know

Payday loans are short-term, high-interest loans designed to provide quick cash to borrowers in financial emergencies. While they can be a temporary solution, failing to repay them on time can lead to severe consequences. Defaulting on a payday loan can

Personal Loan Early Repayment Charges: What You Need to Know Paying off a personal loan ahead of schedule can be an appealing option for borrowers looking to reduce debt and save on interest

However, many lenders impose early repayment charges (ERCs)—fees that can offset some of the potential benefits. Understanding these charges is crucial before making extra payments or settling your loan early. What Are Early Repayment Charges? Early repayment charges are fees

Personal Loan Interest Tax Deductible: What You Need to Know

When managing personal finances, understanding tax deductions can significantly impact your savings. One common question borrowers ask is: Is personal loan interest tax deductible? The answer depends on how the loan is used. This article explores the tax implications of

Payday Loan Collection Harassment Laws: Know Your Rights

Payday loans can provide quick financial relief, but aggressive debt collection practices can turn a short-term solution into a long-term nightmare. Many borrowers face relentless calls, threats, and even illegal harassment from lenders or third-party collectors. Fortunately, federal and state

Federal Student Loan Forgiveness Update 2025: What Borrowers Need to Know

As student loan debt continues to be a pressing issue for millions of Americans, the federal government has introduced new updates to loan forgiveness programs for 2025. These changes aim to provide relief to borrowers struggling with repayment, expand eligibility,

Student Loan Consolidation Interest Rates – What You Should Know

Student Loan Consolidation Interest Rates – What You Should Know The drop in interest rates has made considering student loan consolidation interest rates more attractive. Students may be paying larger monthly payments on loans and need to lower the payments.

All you need to know about personal loans

All you need to know about personal loans “There are a number of loans that you can avail from a bank, personal loans are one such loans. Such loans are not meant for any specific purpose, you can use the

Loan Modification Options-Things You Should Know!

Loan Modification Options-Things You Should Know! The Loan Modification options provides for either a permanent change in one or more of the terms of a mortgagor’s loan, which allows a loan to be reinstated and results in a payment the

All You Need To Know About The Home Loan Interest Subsidy Of 2016

All You Need To Know About The Home Loan Interest Subsidy Of 2016 When it comes to applying for a housing loan, there are plenty of factors that need to be taken into consideration. For one, the interest rate is