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Oct 3, 2024 | 
bankrate.com | Michelle Lambright Black |Hannah Lynn Smith
Debt consolidation can make repayment easier by consolidating multiple accounts into a single one. Consolidating debt can save you money on interest and help you get out of debt faster, depending on your situation. Unsecured debt, such as credit cards, student loans, medical bills and high-interest loans can all be consolidated. Loan debt consolidation is when you take out a new loan to pay off multiple debts.
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Jul 9, 2024 | 
bankrate.com | Holly Johnson |Hannah Lynn Smith
The Wells Fargo Reflect® Card carries no annual fee and has one of the longest introductory APR offers on the market. However, there are no rewards programs or ongoing perks outside of cellphone protection, Visa travel benefits and Wells Fargo deals. This card is one of today’s best balance transfer cards but may not be the best option if you’re looking for long-term value.
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Apr 8, 2024 | 
bankrate.com | Rebecca Betterton |Hannah Lynn Smith
When considering buying a new car, it's important to consider the monthly payments and other costs such as insurance, maintenance and registration fees. Researching and comparing different financing options, such as bank loans and credit unions, is important before heading to the dealership. Negotiation is key when buying a car, so come prepared with research and don’t be afraid to walk away if the deal doesn't work for you.
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Apr 5, 2024 | 
bankrate.com | Ben Luthi |Hannah Lynn Smith
Published April 05, 2024 Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first.
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Apr 3, 2024 | 
bankrate.com | Heidi Rivera |Hannah Lynn Smith
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet. Borrowers can contact the Federal Student Aid Information Center if they need assistance with their loan accounts or have trouble contacting their new servicer. FedLoan Servicing, one of the nation’s largest federal student loan servicers, ended its contract with the Department of Education in 2021.
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Mar 27, 2024 | 
bankrate.com | Ben Luthi |Hannah Lynn Smith
Aspire Servicing Center is a student loan provider that services parent and student loans from an Aspire affiliate. They also serviced Direct loans until 2015 when they transferred them to MOHELA. If your loan originated with Iowa Student Loan or its partners, there's a good chance Aspire services your student loan. You can see who services your student loans by checking your credit reports or logging into your Federal Student Aid account.
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Mar 27, 2024 | 
bankrate.com | Michelle Lambright Black |Hannah Lynn Smith
Sallie Mae services private student loans for a variety of degrees, including undergrad, MBA, medical school, dental school and law school. A private loan with a lender like Sallie Mae covers up to 100 percent of your education costs, while federal loans come with borrowing caps that might not cover all your expenses. Private loans come with competitive terms for borrowers with excellent credit, with fixed or variable rate options available.
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Mar 22, 2024 | 
bankrate.com | Hanneh Bareham |Hannah Lynn Smith
With a Thrift Savings Plan (TSP) loan, uniformed service members or federal employees can borrow against their retirement plans, often with lower interest rates and easier qualifications than other lending options. You can borrow a minimum of $1,000, but certain rules apply to maximum amounts. You can borrow for general purposes or residential uses, with different fees and repayment terms.
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Mar 18, 2024 | 
bankrate.com | Heidi Rivera |Hannah Lynn Smith
Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Addressing wedding debt early on in a marriage is crucial for reducing stress and building a strong foundation for the relationship. Monetary wedding gifts, the debt snowball or avalanche methods, balance transfer credit cards and debt consolidation loans can be tools to pay off wedding debt.
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Mar 6, 2024 | 
bankrate.com | Hanneh Bareham |Hannah Lynn Smith
Payday loans are a form of predatory lending with exorbitant interest rates and short repayment periods, making them a risky option for emergency cash. There are safer alternatives to payday loans, such as getting help from nonprofits and charities, negotiating payment plans or extensions with lenders and taking out personal loans or 0% APR credit cards. Borrowing from your 401(k) or using a home equity loan are options, but they come with risks and should be carefully considered.
