The Types of Federal Student Loans
Four major types of federal loans are available to students or their parents: Stafford Loans, PLUS Loans, Perkins Loans, and Consolidation Loans. Each type of loan is aimed at a different set of people [more…]
Distinguish between Secured and Unsecured Debt
Secured debt means that you’ve put something you own on the line in promise of paying what you borrowed. Unsecured debt requires repayment, too, but your lenders don’t have immediate rights to your property [more…]
Defining Differences between Bad Debt and Good Debt
Whether your debt is good or bad depends on the type of debt, the reason you owe it, and whether you can afford to repay it. When used the right way, debt can help you manage your finances more effectively [more…]
Get to Know Types of Credit
All credit is not created equal. There are many forms of credit available, and getting familiar with credit types can help you become a better credit consumer. [more…]
