Current Expected Credit Losses, or CECL, is a standard upon which all lending institutions must abide. The standard is about to change again on January 1, 2020. The goal of the upcoming change is to provide an increase in transparency for credit risk. Institutions will need to provide the Securities and Exchange Commission (SEC) with […]
5 Doubts About Income Based Loans You Should Clarify
We live in a day and age where temporarily depending on loans is a normal means to get us through a difficult financial situation. But because different people have different financial situations and different credit scores than one another, not every type of loan would be perfectly suited for everyone. Income-based loans are one form […]
Please Read This Before Applying For That Loan
Loan applications can be time-consuming and frustrating, particularly with regard to documentation, third-party verification, and the appraisal process. Banks and other financial institutions want to collect proof that you will make payments in a timely manner. They will look at everything from your repayment history to how much you earn. Knowing what to do before […]
Secure your Future as a Single Mother by Following Simple Steps
We have often seen people saying that getting a loan is one of the deadliest tasks to perform. This usually becomes the reason for confusion that appears within us when we are in emergency situation. Did you ever face this in your life? If yes, then we assure you that getting a loan has […]
5 Types of Personal Loans Mothers Should Consider
Most mothers caring for young ones are struggling with the increasing cost of living like any other consumer. For a mother who has just had a child, you are lucky if you have your job back because most employers are reluctant to hire you immediately. Most mothers also find it hard getting back their […]
Debt Consolidation –Getting Out Debt by Borrowing More
It may seem really astonishing but you can get on top of your existing debt problem simply by taking on an additional loan. This technique goes by the name of debt consolidation, which is essentially a method by which you take a personal loan to pay back all your existing credit card debt, and then […]