Using Personal Loans as Investment Vehicles
Money makes the world go round. It’s a familiar phrase, and it is a common trope for people who make rash investment decisions. It is typical to want money; from an early age, people are shown the dramatic windfalls of frivolous investors and millionaires, leading to envy and desire. Unfortunately, the eagerness for wealth can […]
6 of the Worst Credit Mistakes You Can Make
Most schools don’t teach credit smarts. Unfortunately, that means it’s easy to make mistakes that can tank your FICO score as soon as you get your first credit card. Lenders look at this number when you apply for a loan or credit card to help them determine the risk that you will default on the […]
Things You Should Know Before Co-Signing on a Loan
If you’re anything like me, you love your kids and grandkids with all your heart and would dopractically anything for them. But when it comes to co-signing on a loan, you need to look before you leap. Otherwise you could end up in a heap of financial trouble if your loved one defaults on the […]
Should You Get a Loan or a Line of Credit?
How To Decide What are lines of credit? When are loans a good choice? Let me share some of the experience I’ve accrued over the years as a small business owner and successful entrepreneur.Loans Versus Lines of CreditEven though your goal is the same with both options — to have capital for business expenses — […]