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

how to sign a check over to someone else
Key Takeaways To endorse a check to someone else, confirm they’re willing to accept it, verify their bank allows third-party checks, sign the back with “Pay…
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…

Budgeting

can a loan company garnish your wages
Key Takeaways Yes, a loan company can garnish your wages, but typically only after obtaining a court order; however, federal debts like taxes or student loans…
How To Write the Amount on a Check in Words
Key Takeaways To write the amount on a check in words, write the dollar amount as you would say it (e.g., “one hundred twenty-five”), followed by…
how is the interest rate on a payday loan calculated
Key Takeaways A payday loan usually charges interest using a flat fee for each $100 borrowed, which is then annualized  into an APR. For example, if…

Credit

loans for 580 credit score
Key Takeaways A 580 credit score qualifies as “fair” and may still allow access to personal loans, though interest rates are typically higher and loan amounts…
realtors that work with bad credit
Key Takeaways Realtors that work with bad credit help clients explore nontraditional financing like FHA loans, which require lower credit scores (as low as 580) and…
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Debt

bad credit interest rate
Key Takeaways Interest rates for bad credit are significantly higher across all loan types—auto loan APRs can exceed 16%, personal loans can reach 28% or more,…
can payday loans take you to court
Key Takeaways Yes, payday lenders can take you to court if you fail to repay your loan, and a court judgment may lead to wage garnishment,…
Credit Card for the Unemployed
Key Takeaways Credit card options for the unemployed include secured cards, student cards, business cards for the self-employed, and cards with low limits—approval depends on income…

Interest Rates

is payday loan variable or fixed rate
Key Takeaways Payday loans have fixed interest rates, which remain constant throughout the loan term. These loans are short-term, often due on the borrower’s next payday,…
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…

Loans

loans for 580 credit score
Key Takeaways A 580 credit score qualifies as “fair” and may still allow access to personal loans, though interest rates are typically higher and loan amounts…
forgivable equity builder loan
Key Takeaways A Forgivable Equity Builder Loan is a down payment assistance program from CalHFA that offers up to 10% of a home’s purchase price at…
can a loan company garnish your wages
Key Takeaways Yes, a loan company can garnish your wages, but typically only after obtaining a court order; however, federal debts like taxes or student loans…

Quick And Easy Personal Loans Up To $2500*