Finance Globe

Do you have equity in your home? Would you like to get your hands on some of this money for a home improvement project or another expense? If you answered yes to both questions, a home equity loan is something to consider.While there are many benefits of such a loan, including the ability to obtain cash in a relatively short period of time, it is important to understand the potential drawbacks. These include the following:1. The...

Most college students in today’s day and age turn to loans to finance their education. This may not be something they want to do, but instead something they have to do.While there is nothing wrong with making the minimum payment on your student loan (s), there are steps you can take to speed up the pay off process. Here are three ideas to consider:1. Round up. For example, if your total payment is $160, send $200...

With a home equity loan, you are able to borrow against the value of your property to obtain cash. Here are some of the most common reasons for taking out this type of loan:Remodel or home renovation projectTo pay for a child’s college educationTo consolidate high interest debtTo purchase another home, such as a vacation propertyBefore we discuss the primary benefits of a home equity loan, let’s first discuss the biggest potential downfall: if you don’t...

If your financial situation has taken a turn for the worse and you are searching for a way to get back on track, bankruptcy is an option to consider.For those who are buried in debt with no way out, the idea of bankruptcy is sure to cross your mind at some point. Before you make this decision, however, you need to become familiar with the pros and cons.Despite the fact that you can do a lot...

Have you recently filed for bankruptcy? It does not matter if you chose to do so through Chapter 7 or Chapter 13, this will have both a positive and negative impact on your finances at the same time.Once your case comes to an end and it is time to move on with your life, you may begin to consider the steps towards rebuilding your credit.As challenging as it may sound, there are three tips you can...

Are you considering the benefits of taking out a home equity loan? For many, this is the best way to get the money they need for a home improvement project, to pay an unexpected debt, or some other need.While there are many advantages of using a home equity loan, compared to other options, this can also get you into a lot of trouble if you don’t know what you are doing.Three Common PitfallsBelow are three common...

If you find yourself considering the pros and cons of bankruptcy, there is a good chance you are on the fence as to whether or not you should move forward. While some people decide to file right away, others hold off as they are unsure of if doing so would be in their best interest.Here are five questions to answer before you make a final decision:1. Which type of bankruptcy would be best for you? As...

There may come a time when you need to apply for a business credit card. This holds true no matter if you are a “one man show” or in charge of an organization that is growing at a rapid pace.With hundreds of business credit card offers to compare, there are multiple questions to answer before making a final decision. While it is important to focus on key details, such as the interest rate and credit limit,...

Last year, almost than 4 million South Carolina taxpayers had their social security numbers compromised when the state’s Department of Revenue suffered a data breach. In addition, close to 400,000 credit and debit card numbers were also stolen. Taxpayers who filed returns in the state as far back as 1998 were impacted. Since last year, the Department of Revenue has determined that only tax returns filed electronically were affected by the breach. Affected customers were given...

There’s currently more than $1 trillion in outstanding student loans debt and more than 7 million borrowers are in default on their student loan payments. There are dire consequences to defaulting on a student loan, especially a Federal student loan.First, your tax refund may be withheld and used for repayment for the debt. Any plans you had for that refund are gone out the window. Worse, you can have your wages garnished without a court order,...