If you’re wondering how long it will take to pay off your loan , you’re not alone. Many people struggle to make their monthly loan payments and wonder how long it will take to get out of debt. The answer to this question depends on a number of factors, including the type of loan you…
Scholarships are awarded based on academic merit or other achievements, whereas student loans must be repaid with interest. Checkout this video: Introduction There are two main types of financial aid for college: scholarships and student loans. Scholarships are awards of free money that you do not have to repay, while student loans are money that…
A loan processor is a professional who prepares and submits loan applications to lenders on behalf of borrowers. Checkout this video: Introduction A loan processor is a type of financial professional who is responsible for verifying and approving loan applications. Loan processors work in a variety of settings, including banks, mortgage companies, and credit unions….
You may have heard the term “subprime loan” before, but what is it exactly? In this blog post, we’ll explain what a subprime loan is and how it differs from a prime loan. Checkout this video: Introduction A subprime loan is a type of loan that is typically offered to borrowers with a low credit…
A Forgivable Loan is a type of loan in which the borrower is not held accountable for repaying the loan. Checkout this video: What is a Forgivable Loan? A forgivable loan is a type of loan in which the borrower is not responsible for repaying the loan if they meet certain conditions. In most cases,…
If you believe that a PPP loan was obtained fraudulently or used for unauthorized purposes, you can report it to the U.S. Small Business Administration (SBA) by completing and submitting the SBA Fraud Tip Form. Checkout this video: The Problem of PPP Loan Abuse What is PPP loan abuse? Small businesses that took out Paycheck…
If you’re interested in becoming a loan signing agent, also known as a notary public, this blog post will explain the steps you need to take. Checkout this video: Introduction Loan signing agents are notaries public who are specially trained to witness the signing of loan documents. Also known as loan closers or mobile notaries,…
Many students are wondering when their student loan payments will resume. The Department of Education has released guidance on this topic. Checkout this video: Introduction If you have federal student loans, you may be wondering when your student loan payments will resume. The good news is that there is no set date for when payments…
How to Apply for a PPP Loan in 8 Steps. If you’re a small business owner, you may be wondering how to apply for a PPP loan. Checkout this video: SBA Loan Application Portal You may apply for a Paycheck Protection Program loan if you are a small business owner, self-employed, or a gig worker….
If you’re considering taking a loan from your 401k, there are a few things you should know. Follow these tips to make sure you’re making the best decision for your financial future. Checkout this video: Introduction Most 401k plans allow participants to borrow from their account. The funds are paid back with interest, usually at…