Which Type of Loan Requires That You Pay the Interest Accumulated During College?

Which Type of Loan Requires That You Pay the Interest Accumulated During College?

You might be wondering which type of loan requires you to pay the interest accumulated during college. The answer is: federal Stafford loans. If you have a Stafford loan, you’re responsible for paying the interest that accrues during your in-school and grace periods, as well as during any periods of deferment or forbearance. The good…

When Does a Payday Loan Typically Mature?

When Does a Payday Loan Typically Mature?

If you’re considering taking out a payday loan, you’re probably wondering about the repayment process. When does a payday loan typically mature? We’ve got the answer. Checkout this video: Introduction Payday loans typically mature within a few weeks, usually when the borrower’s next payday arrives. However, some lenders may give borrowers the option to repay…

What Can I Use the PPP Loan For?

What Can I Use the PPP Loan For?

The PPP loan can be used for payroll costs, rent, utilities, mortgage interest, or any other debts or obligations that were incurred before February 15, 2020. PPP Loan For?’ style=”display:none”>Checkout this video: PPP Loan Basics The PPP loan is a loan that is available to small businesses and self-employed individuals in order to help them…

What is an Auto Loan?

What is an Auto Loan?

Find out everything you need to know about auto loans – from how they work to how to get the best rate. Checkout this video: Introduction An auto loan is a loan used to finance the purchase of a vehicle. The lender loans the borrower the money to buy the car and the borrower agrees…