A loan and a line of credit are two different types of debt instruments. Both these products offer a certain type of borrowing facilities to borrowers. Depending on the type and the borrower’s needs, a loan and a line of credit may offer different benefits and drawbacks. Let us discuss what are the key differences …
Lenders require different FICO scores for different types of home loans. An FHA mortgage loan requires a FICO score of 580 while others require higher scores. Let us discuss what is a FICO score, how it is calculated, and what are the FICO score requirements for different types of home loans. What is a FICO …
Annual percentage rate (APR) and annual percentage yield (APY) are both types of interest rates. Both these terms look similar but are significantly different. APR is a simple interest rate whereas APY is the yield that considers the compounding effect of interest. This results in significantly different uses for both these rates. Let us discuss …
APR Vs APY: What’s the Difference? (With Examples) Read More »
The unavailability of conventional banking products and loans is the most common reason why low-income customers turn to payday loans and check cashers. Several other factors compel these borrowers to look for private lenders. Although some of the reasons are deceptively attracting and optional. Let us discuss what are payday loans and check-cashing services and …
Why Do Low-Income Customers Turn to Payday Loans and Check Cashers? Top 7 Reasons Read More »
GreenSky offers home improvement and healthcare loans to individuals through its merchant and contractor partners. It offers easy loan terms and competitive interest rates on two types of loans. Individuals can apply for a loan online and get approved quickly. Let us discuss what is GreenSky financing program and how to get a loan through …
What is GreenSky Financing? GreenSky Loan Types and More Read More »
GreenSky does not reveal the exact credit score requirements for its customers. These loans are approved by their partner banks which may have different credit score requirements. Generally, you can expect a loan approval with an above-average credit score of 620 or more. Let us discuss what is GreenSky financing and its credit score requirements …
What Credit Score is Needed for GreenSky Financing? How to Get Financing? Read More »
You can use different methods to pay for Rooms to Go credit card including online payment, mobile banking app, phone, or by check. Rooms to Go handles its financials through Synchrony bank. Its credit card payments are also handled by Synchrony bank. Let us discuss how you can make a Rooms to Go credit card …
How to Make a Rooms to Go Credit Card Payment? An Ultimate Guide Read More »
You can use different payment methods to pay for your Best Buy credit cards, including online payment, phone banking, mobile app, or by sending checks. Best Buy issues its credit cards through Citibank. So, linking your Citibank account is the easiest way to pay for your credit card bills. Let us discuss how you can …
How to Make a Best Buy Credit Card Payment? An Ultimate Guide Read More »
Portfolio rebalancing is the periodic adjustment of asset allocation in an investment portfolio. It can be performed for individual and corporate investors. The main purpose of rebalancing is to maintain the risk exposure of the portfolio within the defined objectives of the investor. Let us discuss what is portfolio rebalancing, how it works, and what …
Capital One has an auto loan refinancing option. You must have an auto loan with any other bank than Capital One to apply for refinancing. You can apply for refinancing online and compare different loan terms with easy prequalification without hurting your credit score. Let us discuss what is Capital One Bank’s auto loan refinancing …
Does Capital One Offer Auto Refinancing? How to Get It? Read More »
