When to Refuse if You’ve Been Asked to Guarantee a Loan?

When to Refuse if You’ve Been Asked to Guarantee a Loan?

Probably one of the noblest things you can do for a relative or friend is to help them out financially. But if you don’t have the cash to support them yourself in times of dire need, then you can still help them out obtain financial assistance elsewhere by becoming...
How Your Lifestyle Can Lead to Debt

How Your Lifestyle Can Lead to Debt

When we have lots of debt, we often blame it to unfortunate life incidents or major financial moves such as buying a new home or starting a new business, and rationalize them being “good debts”. Many of us don’t realize though, that often it is our own lifestyle and...
How Guaranteed Loans Affect One’s Credit Rating?

How Guaranteed Loans Affect One’s Credit Rating?

There’s always some sort of concerns involved when trying to obtain a guarantor loan, most especially on the guarantor’s part. One of the common issues that raise confusion is the effect of the loan on one’s credit rating. Effect on the Borrower First of all, a...
When Does It Make Sense to Obtain a Secured Loan?

When Does It Make Sense to Obtain a Secured Loan?

If you’re unfamiliar with what a secured loan is about, it is the type of loan that involves collateral from the borrower. Unlike unsecured loans, where the lender cannot hold the borrower accountable if a payment is missed, secured loans give them. In the event that...