With lines of credit, the financial institution provides you with an amount of money that you can use when you need it. You will only pay interest on the money you have used, but it is usually higher than with other financing products. Who more or less will find themselves, at some point in their lives, in the situation of having to seek financing, either for an … [Read more...] about Lines of Credit: What are they and How do they work?
LOANS
What You Need to Know About Student Loans and the Coronavirus Pandemic
Student loan borrowers now have more benefits as they prepare for the potential financial impact of the coronavirus. A new Federal law, the Coronavirus Aid, Relief, and Economic Security Act (CARES), offers automatic suspension of principal and interest payments on student loans held with the Federal government until September 30, 2020. These suspended payments will count … [Read more...] about What You Need to Know About Student Loans and the Coronavirus Pandemic
