May 13, 2021

loan

Student loan borrowers feeling remorse: Personal finance study

A recent Ramsey study on “the state of personal finance” found that 53% of those who took out student loans to pay for college regret doing so, and 43% regret going to college altogether. 

Author of “The Proximity Principle” Ken Coleman discussed the intrinsic value of a college degree and suggested alternative ways to enter a new career field on FOX Business’ “Mornings with Maria” Wednesday.

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KEN COLEMAN:

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Here’s how to avoid a personal loan company scam

Don’t get scammed. Watch out for these red flags and protect yourself. (iStock)

It’s an unfortunate reality that most people will interact with at least one scammer when they’re filing financial paperwork for different types of loans, like student loans or a home loan. If you’re looking for a personal loan to help cover expenses, this type of scam can be particularly painful.

While there are an abundance of personal loan scam companies, there are plenty of reputable personal loan companies that are willing and able to help you get the funds you need. You’ll need to watch

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Need a $75,000 personal loan? What to know

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Only a few lenders offer $75,000 personal loans, and you’ll likely need very good to excellent credit to qualify. (iStock)

Whether you need to install new appliances in your home, pay for a major event, or cover another personal expense, a personal loan could help.

If you need to

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Why is My Personal Loan APR Different Than the Interest Rate?

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Taking out a personal loan can sometimes feel like a whirlwind.

Between submitting your information for a soft pull (otherwise known as getting prequalified) and evaluating loan offers to choose the best one, it’s easy to overlook the many personal loan fees that can get tacked onto the money you borrow.

Just like any kind of loan or credit product, personal loans come with interest

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Student loan savings – what to do with your money with payments paused

Borrowers can use the temporary student loan repayment fees to strength their financial health. Here are four ways to use these funds to increase your savings or pay down debt. (iStock)

Americans possess more than $1.7 trillion in outstanding student loan debt. The coronavirus pandemic immediately impacted many of these borrowers’ ability to pay their monthly loan debts, and in response, the Trump administration placed a temporary freeze on all federal student loan payments. The Biden administration has since extended this freeze to at least October 2021, leaving many borrowers with a little extra cash on hand.

The

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How much will you pay for a $40,000 personal loan?

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Multiple types of lenders offer $40,000 personal loans, including banks, credit unions, and online lenders. (iStock)

Whether you need to consolidate credit card debt, pay for a medical procedure, or cover another major personal expense, a personal loan might be a good option. 

If you decide to take out

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