Over the past couple of years, the personal loan industry has been booming as lenders enjoy double-digit growth each year. But can this growth last forever? Experts have noticed that loan originations are leveling off, particularly with banks.
How would you like to be 60 years old, looking forward to the ‘golden years’, and you find that you still owe money on your student loan? Sounds tragic, or unbelievable? Well, in 2015, borrowers aged 60 and over had $66.7 billion still outstanding in student loans.
So many people think budgeting is big and scary, it isn’t! A well thought budget can make your life so much easier. When you make a budget it facilitates attaining of your financial goals, and your life will run that much more smoothly. Are you having trouble determining where to start with when creating a budget? We’ve got the easiest steps on how to make a budget for you to start with!
If there is one addiction people find hard to kick the habit with, it's borrowing addiction. For many individuals, debt has become the way of life, and that's because we love the idea of buy now, pay later. Hoping the 'later' never comes, and anyway, if it does, we will deal with it then.
Loans and lending have been around for thousands of years and in many different forms. Credit and loans seem to have a distasteful air about them. But if we would know the truth, the development of human civilization would not have happened without there being credit!