A Borrower’s Guide to Personal Loan Agreements
For many people, the thought of applying for a loan conjures up images of stodgy bankers sitting behind big desks in a cavernous marble bank. These images can be pretty intimidating to a person...
View ArticleConsolidate Your Debt with a Personal Loan
Most people have multiple credit cards, and many are constantly carrying a balance on one or more of them. Add to that one or more car payments. Now pile on some student loans. Before you can say...
View ArticleHow to find a credit counseling company
At LoanBack, you can learn about the benefits of friend and family lending, create a legally recognized loan agreement, set up an easy loan repayment schedule, and more. But if you’re considering...
View ArticleFriend and Family Lending and Vacation Homes
It’s a buyer’s market, and if you’ve been considering purchasing a vacation property or second home, now just might be the time. Whether it’s for personal use, rental income, or both, a second...
View ArticlePromissory Notes and Loan Agreements
Many people have the mistaken believe that a promissory note is sufficient when a debt is owed, particularly if the financial arrangement is between friends or family members. However, it’s important...
View ArticleThe High Cost of Small Business Loans
Whether you need startup financing for a new business, or funds to support a business already in operation, these days personal business loans can be hard to come by. Banks have tightened their belts...
View ArticleTeach your child about borrowing/lending the right way
It’s the mantra around every Thomas train table, the refrain at every playgroup: “You have to share.” There are, of course, varying levels of success, evident in the wailing sparked by a train track...
View ArticleFinancial Literacy: Family Fun for Everyone
Parents invest in their children’s futures in all kinds of ways: early education, music lessons, sports, saving for university. But if financial literacy isn’t part of your daughter’s early years, she...
View ArticleUsury Laws by State
Each state has its own regulations on the maximum interest rate that can be charged for a loan. The maximum interest is also commonly referred to as the "usury limit". When you build your loan you...
View ArticleUniform Commercial Code (UCC)
The UCC, as it relates to lending, is a way for each state to have a consistent method of recording the security of a loan. When banks make secured loans, or loans with collateral (e.g., home...
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