There may be a time in every consumer's life when a personal loan is the best option. There are many reasons a consumer might choose to take out a personal loan. These could include buying a car, financing a wedding, consolidating debts or going on vacation with the family. It is important to fully understand the process before getting into debt. There are many … [Read more...] about What is a Personal Loan?
What is Debt-to-Income Ratio?
Deciding to apply for a loan is easy, especially when you are in dire need of money. But this is not the only thing that banks will look into. Banks and lenders do not approve loans right away. They need documents and proof to find out if you have the capacity to repay the loan. Along with these, the bank or lender will also compute your debt-to-income ratio. Debt-to-Income … [Read more...] about What is Debt-to-Income Ratio?
What is a Gap Insurance Plan and How Does It Work?
Gap insurance is a type of insurance that is supposed to cover the gap between what you owe through a lease or loan and what the insurance company is required to pay through the insurance plan. Gap is an acronym of ‘guaranteed auto protection’. For example, when your car is destroyed in a total loss, gap insurance will help you cover the gap between your car’s worth and … [Read more...] about What is a Gap Insurance Plan and How Does It Work?
What is “Key Man Insurance” and Does Your Company Need It?
As a business, you might be interested in learning more about something called key man insurance. This is another type of policy that you can take out as a business owner, and it provides you with a level of cover in a certain area. In this article, we are going to be looking at key man insurance, what it is, and why companies need to have it. If you want to know more about … [Read more...] about What is “Key Man Insurance” and Does Your Company Need It?
What Is The Pink Tax, And Are You Paying It?
On top of the existing gender wage gap in the United States, there's another gender-based factor that could be impacting your income: the so-called "pink tax." But what is the pink tax, and how much is it costing you? What Is The Pink Tax? Several consumer studies across various industries have discovered that products specifically marketed towards women tend to cost more … [Read more...] about What Is The Pink Tax, And Are You Paying It?