Borrowing

Peer-to-peer lending, or P2P, has continued to grow in popularity as banks become a less attractive option for smaller businesses or consumers looking for mid-range to lower-level loans. We discussed two of the best-known alternatives for personal loans (Lending Club and Prosper) in a previous article, but let’s take a look at a few of
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The recent gains in home prices have helped some homeowners get out from “underwater”, a situation where the homeowner owes more on the home than it is worth. However, there are still far too many Americans in a negative equity position in their home. Halfway through 2014, there were still around 5.3 million underwater homeowners,
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You are ready to buy a home, but you cannot find a home that has all the features that are important to you. However, you have found the perfect plot of land on which to build your own dream home. That means you will soon be entering the world of land loans – loans that
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“Operation Mis-Modification” may sound like a bad TV sitcom or a strange new form of pageant, but it is actually a joint effort from the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC) and officials from fifteen states, designed to crack down on mortgage-relief scammers. During the mortgage crisis, desperate homeowners sought help
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APR and APY – are they new texting acronyms? IDK, you say – or rather, you text? (For the benefit of the textually-challenged, IDK means “I don’t know.”) If you think they are texting acronyms, or just “DK” what they are, it’s time to learn. APR and APY are financial acronyms, short for Annual Percentage
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A microfinance loan is a loan extended by non-traditional lenders to people who are not served by traditional banks, such as lower-income borrowers, people without collateral, or people with lower credit scores. It does not necessarily refer to the loan amount, although most loans are small – from the $500 range to thousands. Microfinance loans
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Lending institutions profit from helping businesses thrive. If you are concerned about your business simply surviving, or if there are indications of fundamental flaws in the business model, there may be too much risk for any outside investor to take on. Before you approach any financial institution for a business loan, there are several key
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If you own a small business or intend to buy or start one, you will probably be borrowing money at some point — and possibly more than once. You may need money for startup costs, expansion, cash-flow management, disaster recovery, or any number of uses requiring operating funds and/or capital investment. Unless you have a
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