Discover how unsecured loans work, why they're riskier than secured loans, and common examples like credit cards. Learn about potential costs and repayment challenges.

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Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

Interest-only mortgages let you pay just the accruing interest on your loan for an introductory period — but they come with high payments once that period ends. These loans mainly benefit those ...

A home equity loan is a type of second mortgage that lets you borrow against your home's value. It's a fixed-rate loan that you repay over an agreed-upon period. See national and regional lenders that ...

Unlike with credit cards, the interest on debt consolidation loans isn't compounded. The interest rate is typically fixed, which means it stays the same for the life of the loan, although ...

A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders offer bank statement ...

When individuals or businesses need to borrow money, they typically go to a bank for a loan or line of credit. Before going, however, knowing the difference between the two is important. With a loan, ...

Title loans use your vehicle as collateral and can charge 300% APR, making them very costly. If you can't repay a title loan on time, the lender may repossess and sell your vehicle. Consider smaller ...

The current average rate for a 10-year fixed-rate home equity loan is 9.07%. If you took out a $150,000 loan at that rate, you'd pay $1,905.82 per month for ten years. You'd end up paying a total of ...

The Covid-19 pandemic hasn’t made it any easier to pay off student loans. According to the latest student loan debt statistics, there are 45 million student loan borrowers who collectively owe $1.7 ...