Last October the Small Business Administration removed fees on SBA-guaranteed loans under $150,000. Although last year’s average SBA loan was closer to $380,000 and the year before was around $327,000, it might be interesting to note that before the financial meltdown in 2008, the average SBA loan amount was closer to $175,000—more in line with … Continue reading “SBA loan process is often disappointing for borrowers”
Federal student loan consolidation allows you to combine one or more existing student loans into one single consolidation loan with a new repayment schedule. You will have lower monthly payments, but you will pay much higher interest over the life of the loan because you will be making smaller payments over a longer time. When … Continue reading “Making smaller payments over a longer time”
If you pay off some loans, you have chaos about when and where to send the money there are installments over your options, consider the so-called consolidation loans. Several small loans with different maturities replace one more loan. Monthly payment will be less and less loaded with your family budget.
In the current study, loan consolidation study company reviewed an applicant’s age, loan purpose and amount, credit quality, employment status and yearly income. One in four personal loan applicants chose debt consolidation as the main reason for requesting a new loan. Other top reasons were for household expenses, auto costs and healthcare bills. A professional … Continue reading “The main reason for requesting a new loan”
Loan consolidation is one easily availed option which can be of greater help to you. The process of debt consolidation helps you to consolidate all your existing loans into one, and pay off your all previous loan amount at once. Consolidation loan is specially meant to those debt-ridden borrowers, who have incurred several loans, and … Continue reading “Consolidation option can be great help for you”