Merriam’s defines peer as a “one that is of equal standing with another.” You aren’t on equal standing with a bank or credit union if you want a loan, but you are on a reasonably equal standing when a peer-to-peer loan is involved. Of course, the peer lender has the money the peer borrower needs….
Hello. My name is Steve Reger and I spent 26 years working for one of the three major credit bureau, TransUnion. During my lengthy tenure as their Direct of Consumer Services I experienced most everything credit related. I oversaw a busy contact center in Southern California which at various times received more than 10,000 consumer…
What is a personal loan exactly, and what is the benefit? A personal loan is one granted on the basis of your credit history and your income. If you’re 18 years of age, you simply need to have used credit in the past and have a job or other source of income that allows you…
Creating a sensible spending plan is one of the best ways a prospective borrower can have a positive impact on their credit score and get approved for a loan — but many people don’t budget their money. According to a Debt.com survey, 31 percent of Americans polled did not follow a budget, despite 97 percent…
Credit monitoring is essential to your financial health. Regularly checking your credit report along with your credit rating provides you vital information about your financial wellness, and can serve as an early warning of possible problems such as missed payments or identity theft. However, making sure to always monitor your accounts can be tedious and…
