What Is a Secured Loan? How Collateral Can Help You Secure Financing
Nothing warms up a lender’s heart like good ol’ collateral! Dangle some valued property in front of them, and you’ll likely see that loan... read more »
By: Eric Bank • 12/3/24
(353 total)
Guide
595 views
9 min read
Nothing warms up a lender’s heart like good ol’ collateral! Dangle some valued property in front of them, and you’ll likely see that loan... read more »
By: Eric Bank • 12/3/24
Study
4,284 views
11 min read
A short-term loan may be the only viable option for many people who cannot access traditional sources of financing, such as installment loans and... read more »
By: Jon McDonald • 11/21/24
Guide
7,524 views
9 min read
Funny thing — many people are insecure, and many loans are unsecured. What do they have in common besides “n-s-e-c-u-r-e?” Well, after pondering... read more »
By: Eric Bank • 11/18/24
Guide
5,712 views
9 min read
I’m not sure when the world stopped caring about privacy. The internet has evolved into a swamp full of online diaries exposing all sorts of... read more »
By: Eric Bank • 11/14/24
Guide
5,600 views
11 min read
Now, I know those scary movies make repossession sound like something horrifying, but it does not take a priest or spooky rituals to drive out... read more »
By: Eric Bank • 11/12/24
Guide
10,355 views
7 min read
People who’ve lived long enough have probably heard the idiom, “a bird in hand is worth two in the bush.” If that phrase confused you the first... read more »
By: Andrew Allen • 11/5/24
Guide
13,395 views
9 min read
Let me paint you a picture. You apply for a loan and feel downright giddy after you get approved. But that joy only lasts so long before the... read more »
By: Eric Bank • 10/30/24
Guide
13,284 views
9 min read
Let me assure you that origination fees aren’t some kind of phantom tax that emerges from the shadows to feast on your money. While not exactly... read more »
By: Eric Bank • 10/28/24
Guide
7,337 views
11 min read
Whether you adore your New York penthouse view or the fresh air at your farmhouse in Iowa, you can also be proud of the equity you’ve built up in... read more »
By: Eric Bank • 10/22/24
Guide
23,832 views
9 min read
Imagine if your son gets arrested and you can’t make bail. Or your partner comes clean about their gambling losses and now is in debt. And if you... read more »
By: Jon McDonald • 10/14/24
Guide
19,652 views
11 min read
Reading a loan agreement is tedious. Imagine someone handing you the world’s most boring mystery novel — except you already know the ending:... read more »
By: Eric Bank • 10/9/24
Guide
21,774 views
11 min read
Ever wonder how much a lender’s willing to bet on your new house or truck? Well, that’s where the loan-to-value ratio comes in. It’s how the... read more »
By: Eric Bank • 10/8/24
Guide
11,832 views
7 min read
If you’ve ever taken out a loan or shopped for something big, like a car, furniture, a new smartphone, or even a dream vacation (yes, we see you... read more »
By: Choncé Maddox • 10/1/24
Guide
18,993 views
7 min read
Let’s talk about collateral, the backbone of many financial deals. Think of collateral like the safety net under a tightrope walker — it’s there... read more »
By: Eric Bank • 9/24/24
Guide
26,961 views
11 min read
Some of my favorite songs are about the importance of getting support when you need it. The Beatles’ “With a Little Help From My Friends,” Bill... read more »
By: Eric Bank • 9/24/24
Guide
23,179 views
11 min read
I’ll admit the first time I heard the word “amortization” I thought it sounded like an immortality spell cast by a character from Harry Potter.... read more »
By: Eric Bank • 9/19/24
Guide
26,976 views
13 min read
Have you ever been denied a loan or credit card, and then you saw the denied inquiry on your credit report after the fact? Preapproval could have... read more »
By: Eric Bank • 9/18/24
Blog
38,070 views
5 min read
Loan providers aren’t in the business of lending money to balance the distribution of wealth in society. They seek to make money.... read more »
By: Andrew Allen • 8/1/24
Blog
54,486 views
5 min read
Great ideas often emanate from experience. In his stint in retail lending at India’s Standard Chartered Bank, Nitin Khandelwal... read more »
By: Mike Senecal • 7/10/24
Guide
39,998 views
21 min read
A cosigner is someone who helps you get a loan or credit card by promising, in writing, to pay the loan if you cannot pay it back. This makes it... read more »
By: Eric Bank • 6/26/24
Guide
40,005 views
15 min read
A payday loan is a small amount of money that consumers can borrow and then pay back when they receive their next paycheck. This type of loan is... read more »
By: Eric Bank • 6/18/24
Guide
43,469 views
9 min read
Predatory lending practices have the potential to affect everyone, but national security is at stake when financial challenges threaten military... read more »
By: Mike Senecal • 6/17/24
Guide
45,348 views
15 min read
An installment loan is a loan with a fixed repayment term, meaning that there is a specific end date to the loan. When you sign up for an... read more »
By: Zina Kumok • 6/13/24
Blog
61,808 views
5 min read
Traditional commercial real estate lenders operate in a confined space that closes off opportunity when time is of the essence.... read more »
By: Mike Senecal • 6/13/24
Blog
66,836 views
5 min read
Even the most cautious and organized consumers can find themselves in dire straits when financial emergencies strike. Lending... read more »
By: Andrew Allen • 5/22/24