Photo by Alexander Mils on Unsplash An underbanked household is a household that relies on cash or non-traditional financial services for the majority of household member’s financial transactions and may or may not have a traditional bank account. Recent studies have found that as many as 1 in 5 American households are currently considered underbanked. Lack of … [Read more...] about Better Serving the Underbanked Community
You do not just apply for a loan out of the blues. There are a lot of factors to consider before taking this bold step. Taking a loan puts one in a financial commitment where he or she has to remit money each month for repayment until the loan is cleared. This can affect one’s lifestyle financially because part of the income will be used to repay the loan. That said, the … [Read more...] about Top Factors to Consider before Getting a Loan
There are various circumstances where personal finance can be a feasible alternative. But, do you exactly know what personal finance is? Some of the finance options are earmarked for a particular type of purchase. For instance- Through a car loan, you get funds to buy a car. Through a mortgage loan, you can buy your new home. Through a student loan, you get funds for paying … [Read more...] about Here’s When Personal Loan Would be the Best Resort for You
Image by rawpixel from Pixabay When starting a small business, most entrepreneurs who are new to the business ownership arena find finance to be the most challenging aspect. Banks have been the most traditional source of loans, however, not all of them look forward to having small businesses as their clients since they are not certain that they would get their funds back. … [Read more...] about Small Business Loans from Alternative Sources 2019
Every year, millions of individuals go into business for themselves, some as a side-job and others as a full-time endeavor, hoping to begin a new financial chapter of their lives. One of the biggest challenges of starting your own company is obtaining enough funds to enter the marketplace smoothly. There are all sorts of ways to raise the needed capital. Some people borrow … [Read more...] about Can Anyone Get a Small Business Loan?