Loan

What is a PPP loan?

A PPP loan is a type of loan that allows businesses to borrow money from a bank or other financial institution. The business will then use the money to finance projects, such as new equipment or renovations. PPP loans are often used by small businesses be...

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What are closing costs?

Closing costs are fees and expenses associated with the closing of a real estate transaction. These can include things like title insurance, loan origination fees, attorney's fees, and other related costs.When should closing costs be included in a VA loa...

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What is an FHA loan?

An FHA loan is a type of mortgage that is offered by the Federal Housing Administration (FHA). The FHA provides this type of loan to borrowers who meet certain eligibility requirements. These requirements include having a good credit history and being abl...

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What is child support?

Child support is a financial obligation that parents may have to pay to their children. The amount of child support a parent must pay depends on the specific situation and can vary from case to case. Generally, child support payments are based on the inco...

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What is the Paycheck Protection Program?

The Paycheck Protection Program (PPP) is a federal program that helps workers keep their paychecks from being garnished or taken by creditors. The PPP provides eligible employees with an advance on their next paycheck to help cover any potential missed wa...

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What is the SBA?

The Small Business Administration (SBA) is a federal agency that provides loans, loan guarantees, and other financial assistance to small businesses. The SBA was created in 1953 as part of the National Industrial Recovery Act.The SBA has two main programs...

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What is a cosigner?

A cosigner is a person who signs a loan document as an assurance that the borrower can repay the debt. If the borrower defaults on the loan, the cosigner may be liable for repayment.Can a cosigner be removed from a car loan?Yes, a cosigner can be removed ...

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Can a loan company take you to court for failing to repay your debt?

A loan company can take you to court for failing to repay your debt, but this is rare. The main reason a loan company would take you to court is if it has taken steps, such as sending letters or contacting your employer, to try and get you to pay your deb...

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What are student loans?

Student loans are a type of loan that is offered to students by lenders. Student loans can be either installment or revolving.An installment student loan is a loan that you borrow money from and pay back over time with regular payments. A revolving studen...

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Are student loan payments on hold during the coronavirus pandemic?

Student loan payments may be on hold during the coronavirus pandemic, but there are a few exceptions. If you are currently in school and have been cleared by your doctor to continue your education, then your student loan payments will continue as normal. ...

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What is the SBA?

The Small Business Administration (SBA) is a federal agency that provides loans and other financial assistance to small businesses. Loans from the SBA are often considered to be forgivable, which means that the business can usually repay the loan with min...

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What is Sallie Mae?

Sallie Mae is a national direct-lending institution that provides short-term, unsecured loans to consumers. The company was founded in 1972 and is headquartered in Dallas, Texas.Sallie Mae offers a variety of loan products, including fixed-rate and adjust...

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What is the difference between a secured and unsecured personal loan?

A secured personal loan is a type of loan where the lender has security over some asset, such as a home or car, that the borrower uses to collateralize the loan. Unsecured personal loans are not backed by any assets and are typically more expensive than s...

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What is the difference between an installment loan and a revolving loan?

An installment loan is a loan that you pay back over time, usually in equal monthly installments. A revolving loan is a loan that you borrow money from the bank and then use the money to buy or lease goods or services. You can usually borrow more money on...

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What are parent plus loans?

Parent plus loans are a type of student loan that allow parents to borrow money together. This allows the parents to help pay for their child's education, and it can be a great way to get the best possible deal on a student loan. Parent plus loans are fed...

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What are Perkins Loans?

Perkins Loans are a type of student loan that allow students to borrow money from the government in order to pay for school. Unlike other types of loans, Perkins Loans are not interest-free. However, they do have lower interest rates than other types of l...

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What is an AES loan?

An AES loan is a type of student loan that allows students to borrow money from the government in order to pay for school. These loans are typically offered by private lenders, but they can also be offered through the government. The interest rates on AES...

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What is Navient?

Navient is a company that provides student loan services to borrowers. It is one of the largest servicers of student loans in the United States. Navient has been accused of engaging in deceptive and abusive practices with its customers.What are some alleg...

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What is an a+ loan?

An a+ loan is a type of loan that is offered by some banks and lenders. These loans are designed for borrowers who have good credit and meet certain other requirements.An a+ loan has higher standards than regular loans, so the borrower is likely to be app...

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What is a private student loan?

A private student loan is a type of loan that is taken out by students to pay for college expenses. These loans are not federally insured, so borrowers should be aware of the risks associated with them. They can also be more expensive than traditional loa...

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