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The interest paid is not tax-deductible, but federal and state income taxes will apply to the loan payments. The actual money loaned from the lender is not subject to any taxation unless you opt for deferred payments, which can be a disadvantage. If you’ve ...Read More

What is the purpose of refinancing if it’s too expensive? Knowing you cannot fall further behind, you may not feel like you need to repay, but communication with your lenders will help them understand where you’re at. Your account will always be in good ...Read More

With fair credit, you can. Basically, you must have enough income to make the payments, but with bad credit, you can make more than the minimum payment because, in addition to covering your bills, it’s crucial for building a good credit score. With our ...Read More

A personal loan can factor into your credit scores slightly, but the thought of bankruptcy can make consumers hesitant to go after a loan. It usually takes anywhere from 6 and 12 months before your new scores reflect a direct result of filing ...Read More