How Does Student Loan Debt Affect Your Credit Score?

How Does Student Loan Debt Affect Your Credit Score?

If you’re considering taking out a student loan, you might be wondering how it will affect your credit score. Here’s what you need to know. Checkout this video: The Relationship Between Student Loans and Credit Scores Many people are not aware of the relationship between student loan debt and credit scores. Did you know that…

What is a Loan Recast?

What is a Loan Recast?

A loan recast is when a borrower pays a lump sum of money to their mortgage lender in order to lower their monthly payments. Checkout this video: What is a loan recast? A loan recast is when a borrower pays a lump sum of money to their mortgage lender in order to lower their monthly…

How Much Do Loan Processors Make?

How Much Do Loan Processors Make?

How Much Do Loan Processors Make? The average loan processor makes around $50,000 per year. However, there is a wide range in salaries, with the lowest 10 percent earning less than $29,000, and the highest 10 percent earning more than $81,000. Checkout this video: Introduction Loan processors are responsible for collecting and verifying the information…

What Is the Average Interest Rate on a Personal Loan?

What Is the Average Interest Rate on a Personal Loan?

If you’re considering taking out a personal loan, you’re probably wondering what the average interest rate is. Here’s what you need to know. Checkout this video: Introduction Personal loans usually have lower interest rates than other types of borrowing, such as credit cards. The average rate on a personal loan was 10.09% in 2019, according…