If you’re having extreme difficulty repaying your government-backed student loans, you’re not alone. About 10% of student loan borrowers default on their loans and experience dire consequences. But you don’t have to slide into default – you may be able to discharge student loans in bankruptcy.

You’re buying a boat! Congratulations! Whether you’re purchasing your first or your fifth, getting a new craft is one of life’s milestones. But there’s a high chance you’re going to need a boat loan. And that is a specialist field of financing. So get yourself up to speed before you tie yourself up in knots.

What is a credit utilization ratio? It’s the relationship between the amount of credit you have and the amount of credit you use. Lowering your credit utilization ratio can raise your credit score quickly.

How do you compare personal loan offers from competing financial institutions? By looking at more than interest rates. You’ll also consider the loan costs and terms to find the right product for you at the lowest cost.

Social distancing and low gas prices are fueling a boom in RV purchases in 2020. And many purchasers are first-timers who have not explored RV financing before. If wanderlust is setting in and you plan to buy an RV, you’ll probably also want to learn about RV financing.

FICO scores and car loans have an inverse relationship. Typically, if the first is low, the interest rate you’re going to pay on your car loan is likely to be high. So you pay more over the lifetime of your loan to buy the vehicle – or you may need to buy a less desirable car. But there’s more to it than just that. So read on …

Is borrowing to invest ever a good idea or is it insanely risky? The answer depends on several factors:

• Investment returns
• Borrowing costs
• Risk tolerance

Some of us are well-positioned to borrow money to invest, while others should probably avoid this practice. Here’s how to evaluate potential investments and sources of funds to make a smart decision.

In many cases, a personal loan can improve your credit history, enhance your mix of credit, and lower your credit utilization ratio. However, shopping for a personal loan can temporarily lower your FICO scores. It’s important to know what makes a good credit score and how a personal loan can help you achieve it.

When you refinance or buy a home, prepare for an expensive process. In addition to coming up with the down payment, you also have to pay closing costs that can add up to thousands. It can be challenging to scrounge up money for the latter, especially if you’re on a tight budget or this is your first home purchase. One option to cover your closing costs is a personal loan.

Student loan debt can affect your credit and be challenging to pay off, especially if it takes a while to find the right job after graduation. Making student loan payments late could negatively affect your credit score. But punctual student loan repayment can boost your credit score. Learn how to manage your credit score in this article.