If you’re going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn’t have conventional income or liquid assets. Here are the details on high-net-worth lending and…
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In general, small business loans help businesses access the money they need to operate and grow. However, there are several types of small business loans, and it’s important to find the best fit for your needs. 1. SBA Loans SBA loans are small business…
The Consumer Financial Protection Bureau (CFPB) has issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence (AI) and other complex models. The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers—meaning creditors cannot simply use CFPB sample…
On September 20th, the Consumer Financial Protection Bureau (“CFPB”) published guidance – Consumer Financial Protection Circular, 2023-03 – regarding the list of reasons that must be provided when an applicant is denied credit, per the Equal Credit Opportunity Act, and its implementing Regulation, Regulation B. Accompanying Regulation B is an…
A woman walks past the entrance of a cryptocurrency exchange office on … [+] April 16, 2021 in Istanbul, Turkey. Turkey’s Central Bank announced a ban on the use of cryptocurrencies and crypto assets for purchases, directly or indirectly to pay for goods or services. The announcement comes as Turkey’s…
A personal loan may be worth considering if you’re in a tight spot and need a lump sum of cash. However, like any debt, there are costs and fees associated with getting a personal loan. This includes the interest you’ll have to pay, plus any origination fees fees that you’ll…
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. The…
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. …
Personal loans can be used for a variety of expenses, including weddings, vacations, home repairs and even as a way to cover emergency costs. And while credit cards can certainly pay for these same expenses, personal loans are sometimes a more affordable alternative since they typically carry a lower interest…
A secured loan may be worth considering if you need to borrow a larger loan amount or you’re finding it difficult to get a personal loan, perhaps because you have issues with your credit rating or are self-employed. You may find it easier to borrow more or get approved because…