Should I Refinance My Car?
Did you buy a car recently and now you’re wondering if you should refinance your car loan? Learn more about when and how to refinance your car.
A loan is when a sum of money is lent to another party or individual, usually including interest and other charges, in exchange for the future repayment of the loan. When the borrower takes on the loan, they agree to a set of terms that could include interest, finance charges, as well as repayment dates. There are several types of loans, with some of the most common types being mortgage, student, personal and auto. Loans are a form of debt, and lenders will evaluate your creditworthiness, generally including factors such as your credit scores and reports, before offering you a loan with its associated loan terms, including interest rates. The better your credit history, the more likely you'll be offered a loan with better terms. We'll dive into the differences among mortgages, student loans, auto loans, personal loans, and more.
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Should I Refinance My Mortgage?
When should I refinance my mortgage? Learn more about if and when is a good time to refinance your mortgage.
Can I Still Qualify for a PPP Loan? PPP Loan Forgiveness and Repayment
The Paycheck Protection Program offers relief to small businesses during the COVID-19 pandemic. Does your business need to have employees to receive aid?
Home Equity Loans vs. Home Equity Lines of Credit (HELOC)
What are the differences between a home equity loan and a home equity line of credit? Learn more about the different types of home equity financing at Equifax.
How to Prepare for Student Loan Repayment
Repaying your federal student loans doesn’t have to feel impossible. These strategies can help you make sense of the payment process.
Payday Loans: What to Know and What to Avoid
If you're strapped for cash and your next paycheck seems far away, you may consider taking out a payday loan. However, doing so could have consequences for your finances.
How Can Student Loans Affect Credit Reports?
Similar to other financial commitments, student loans -- and how you repay them -- can appear on credit reports and can impact credit scores, for better or worse.
Can I Get a Loan With Bad Credit?
If you're concerned your credit scores may hurt your ability to get a loan or line of credit, there are some steps you can take and options you can consider.
How a Short Sale or Foreclosure May Affect Your Credit Scores
A foreclosure or short sale may have a long-term effect on your credit scores.
Should I Refinance My Mortgage Now?
What does the Federal Reserve’s lowered interest rates mean for your mortgage? Learn more about whether it’s the right time to start the refinancing process.
[Video] I Can't Pay My Mortgage. What Are My Options?
If you find yourself unable to keep up with your mortgage, there may be options available
Buying a New Car with a Cosigner
If you have poor credit scores or limited credit history, a cosigner could make all the difference when buying a car. But know about the risks involved.