Latest Finance Articles and Promotions

Using Suppliers to Establish Business Credit

Businessman reviewing business credit and financesJust with personal credit, business credit is an integral component of a company’s overall credibility. Having bad business credit has a negative effect on the financial ability of a company moving forward, as it creates a question in the mind of lenders, suppliers, and other vendors as to how reliable the business is. The riskier a business looks to a potential lender, the less likely new funding via a business loan or credit line will be available with an affordable interest rate and manageable repayment terms. Establishing business credit takes some time, but there are steps your company can take to boost your financial profile.
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Posted on March 23, 2017 by Melissa

US Household Debt is Changing its Composition

Credit cards atop US household debt graphA new report from the Federal Reserve Bank of New York revealed that the composition of debt held by Americans is changing. Debt, especially household debt like mortgages, are of particular concern for policymakers and economists. Household debt levels are a solid measure of the health of the economy and provide a pulse for consumer sentiment and spending. When issues arise in debt markets, there may be consequences for the economy down the road.
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Posted on March 22, 2017 by Ryan

NetCredit vs PersonalLoans.com – Which Personal Loan Option is Right for You?

Two personal loan options and finances on tablePersonal finance is just that, it’s personal. That’s why it is important to ensure that the financial products you’re using are tailored to your needs. The financial sector has always played a major role in the United States economy. With advent of the internet, the number of financial services available to individuals has grown even larger. You and the rest of the country now have access to seemingly innumerable financial products, many of which are personally customizable.
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Posted on March 21, 2017 by Ryan

Top Financing Options for New & Used Motorcycles

Front wheel of several motorcycles aligned for saleThere’s nothing quite like the freedom that comes with hitting the open road on a new or used motorcycle. However, the average cost of a new motorcycle is $14,497 which most buyers don’t have easily accessible from a savings or checking account. Whether you’re considering an upgrade to your current ride or are in the market for your first, understanding the financing options for a new or used motorcycle is an important step in the process. Several avenues exist for financing a motorcycle purchase, but each option comes with benefits and caveats, just as traditional vehicle financing options do.
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Posted on March 20, 2017 by Melissa

Predatory Lending is Still an Issue – Learn How to Protect Yourself from Payday Loans

Underwriter writing payday loan approvedPredatory lending is still a major issue in the United States. The phenomenon of predatory lending is not new but has morphed significantly over the decades. Fraudulent and even malicious cases of abusive lending practices have become numerous enough that local legislatures are beginning to respond. In 2010, voters in Montana slapped a 36 percent interest rate limit on payday loans. More recently, Alabama legislators on both sides of the aisle have begun to push back against predatory loans with interest rates averaging 300 percent.
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Posted on March 17, 2017 by Ryan

Logix FCU offering Home Equity Line of Credit with 2.99% Introductory APR for 12 Months

Logix Federal Credit Union logoUsing a home equity line of credit (HELOC) to pay for major life expenses is a sound alternative to conventional bank loans. A home equity line of credit offers flexibility in how much you can borrow, when the outstanding balance is repaid, and for what purpose the funds are used. Additionally, home equity lines of credit are typically offered with a more cost-effective interest rate than personal loans or credit cards, giving you more control over your borrowings for big purchases or consolidating higher-interest debt. Before selecting a home equity line of credit to access the equity in your home, it’s important to shop around for options with various lenders to ensure you’re getting the best deal.
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Posted on March 16, 2017 by Melissa

Best Retail Store Credit Cards of 2017

Gap storefront with logo near entranceWe’re about one-sixth of the way through 2017 and competition in the credit card market is beginning to heat up. US banks are responding to rising interest rates at the Federal Reserve and raising interest rates themselves. But in addition to higher interest rate credit cards, we’re also getting access to new perks and benefits.

It looks like one of the biggest trends in credit cards this year will be store credit cards. American consumers are starting to spend again. Additionally, online shopping is becoming more and more common and retailers like Amazon are more than happy to accommodate hungry consumers with online shopping credit card deals. Here’s our picks for the best store credit cards of 2017.
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Posted on March 15, 2017 by Ryan

US Bank offering Home Equity Line of Credit with 1.99% introductory APR for 6 months

U.S. Bank logoAs a homeowner, one of your most valuable assets is the equity built up in your home. Banks and credit unions make it relatively simple to access that home equity through a home equity line of credit (HELOC), which offers flexibility in how much your borrow and when you pay the balance back. A home equity line of credit can be used for a variety of financial needs, including college funding for children or grandchildren, home renovations, consolidation of higher-interest debt, or even a family vacation. Before taking out a new home equity line of credit, it’s helpful to shop around various lenders to ensure you’re getting the best deal.
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Posted on March 14, 2017 by Melissa

Top Websites to Get Your Credit Report & Score for Free

Credit report with 760 score on deskAccessing your credit report from each of the three major credit bureaus is a reasonably simple process when you utilize the Annual Credit Report centralized website. In addition, each of the credit reporting agencies provides access more than once per year through different methods, all at no cost to you. In recent years, several alternatives have been established to provide you even more access to your financial profile for free, including Credit Karma, Credit.com, and Credit Sesame.
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Posted on March 13, 2017 by Melissa

The Landscape of the Global Economy in 2017

Business man pointing at dollar sign amid international financial symbolLast year, political turmoil managed to extend into the already embattled global economy. Voter’s in Britain and the United States upended the global political and economic landscape. This year may prove to be just as tumultuous as 2016. Although international markets have been taking a beating from every direction for the past two years, the US economy partially bucked the global trend and continued to recover at a moderate rate. Economic growth cooled this year due to the strong dollar and weak productivity gains, but data from the past year has shown large labor and wage gains, improved domestic spending and rising inflation across most of the United States.
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Posted on March 10, 2017 by Ryan

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