What Is a Credit Builder Loan?

A credit builder loan is a financial product that can help consumers establish a positive credit history. Unlike a traditional loan, borrowers will receive a

Brand

loans like lendumo
Lendmo is an online tribal lender that offers installment loans. Similar lenders to Lendmo include River Valley Loans, Mawka Finance, and Plain Green Loans, which…
Bright Lending
Key Takeaways Loans like Bright Lending are tribal loans with high APRs, appealing to those with poor credit needing fast cash, but their costly repayment terms…

Budgeting

should i claim 1 or 0
Key Takeaways Claiming ‘0’ on your W-4 results in maximum tax withholding from your paycheck, potentially leading to a larger refund during tax season. Claiming ‘1’…
wants vs needs examples
Key Takeaways Needs are essential for survival and well-being, including necessities like food, water, shelter, and healthcare, while wants are non-essential desires that enhance comfort and…
Can A Debt Collector Garnish Your Wages
Debt collectors and loan companies may be able to garnish wages, in most scenarios, after they have taken certain legal steps. Whether that can happen…

Credit

Does Paying Utilities Build Credit
Paying utilities does not always directly contribute towards building credit, but under the right circumstances, it can! Most utility companies don’t report payments to credit…
how to build credit from nothing
If you’re starting from scratch with no credit history, don’t worry, you’ve got options. You can build credit from nothing by getting a secured credit…
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Debt

My Car Was Repossessed
Key Takeaways Financial assistance for car repossession is available through repayment plans with your lender, financial aid from charities or non-profits, personal loans, or loans from…
Can A Debt Collector Garnish Your Wages
Debt collectors and loan companies may be able to garnish wages, in most scenarios, after they have taken certain legal steps. Whether that can happen…
which debts to pay first
Key Takeaways Which Debt Should You Pay Off First? Focus on high-interest debts like credit cards and payday loans, as they accumulate the fastest and cost…

Interest Rates

interest rates explained true cost
An interest rate is the amount lenders charge for borrowing money. It’s typically expressed as a percentage of the principal on an annual basis. Interest…
explain the difference between simple interest and compound interest
Simple interest is a way of calculating the interest charge on a loan or investment based on the original principal amount and the interest rate….

Loans

is a personal loan from the bank fixed or variable
Key Takeaways Personal loans can have fixed or variable interest rates, each affecting your monthly payments differently. Variable-rate loans may start with lower payments but can increase…
loans for truck drivers
Being a truck driver comes with its fair share of expenses, regardless of whether you work as an independent contractor or have your own trucking…
Personal Loans for Wedding Expenses
Personal installment loans for wedding expenses give borrowers the money they need upfront to plan their big day. A personal loan typically provides a few…

Quick And Easy Personal Loans Up To $2500*