Monday, July 26

Loans

coronavirus, COVID-19, DFP, Federal student loan, Loans, Personal Finance, Personal Finance How To, Personal Finance Insider, pfi, PFI GOBankingRates, PFI Reference, PFI Related Content Module, PFI-XAMP, Student Loan Debt, Student Loans, TOC-jump-to, Unemployment

How to apply for an income-driven repayment plan if your student loans are crushing you

There are several reduced-payment options for those who meet income and family size requirements. An income-driven repayment plan may be a good choice if you can't handle your monthly payments. Your federal student loans are in forbearance until September 30, 2021. Read more personal finance coverage. Many Americans are still feeling financial pressure as the US rebounds from the devastating economic impact of the coronavirus pandemic, and that's especially true for anyone in the midst of paying back a student loan. If you're suddenly working reduced hours or have lost your job entirely, that previously manageable monthly payment might be looking a lot hig...
COVID-19, Department of Justice, Loans, NASA, PPP, Space, Weekend BI UK

NASA exec convicted of fraud for using almost $300,000 in COVID relief to pay for a $6,450 French bulldog, a swimming pool and a Disney membership

A NASA executive was sentenced to 18 months for filing fraudulent paperwork for COVID-19 relief. Andrew Tezna used the more than $285,000 he received on a French bulldog and a Disney membership. A US attorney said Tezna used COVID-19 relief programs as "a personal piggy bank." See more stories on Insider's business page. A senior executive at NASA who received $285,000 in COVID-19 relief to fund lavish spending was sentenced on Thursday to 18 months in prison.The Justice Department said Andrew Tezna, 36, of Leesburg, Virginia, applied for more than $350,000 in COVID-19 relief from the Paycheck Protection Program and Virginia unempl...
Auto Loans, Loans, Personal Finance, Personal Finance Insider, pfi, PFI Bankrate, PFI Even Financial, PFI Reference, PFI Related Content Module, PFI-XAMP

5 tips on getting a low interest rate on a car loan

When you buy through our links, Insider may earn an affiliate commission. Learn more.To get a better rate, start by understanding your credit situation, and take steps to improve it. You may get a lower interest rate on your auto loan with a cosigner who has good credit. Putting down more money upfront for your loan will often net you a better rate. Read more of Insider's loan coverage here. If you're on the hunt for a new or used car, you're looking to get the best deal possible on your auto loan and maximize your dollars. Luckily, getting a good interest rate just takes thorough research and a willingness to negotiate terms .Here are five tips to help you...
federal student loans, Loans, Personal Finance, Personal Finance Insider, pfi, PFI Bankrate, PFI Reference, PFI Related Content Module, PFI-XAMP, private student loans

How long does it take to get a student loan? It depends on whether you take out a federal or private loan

You'll apply for a federal loan through FAFSA, and a private loan through the lender's site. The application process can take as little as three minutes for a private student loan. Federal funds will usually be disbursed at the beginning of each academic term. Read more coverage from Insider's Personal Finance team here. You may need to apply for student loans if you don't have enough money to pay for a semester of school in full. When you take out a loan, there are a few factors that determine how quickly you'll receive the money.First, it depends on how long it takes the lender to process and approve your application. Then it will take a certain amount of...
Alyssa Powell, Avant, Avant personal loans, First Tech Federal Credit Union, First Tech Federal Credit Union personal loans, LendingClub, LendingClub personal loans, lendingpoint, LendingPoint personal loans, Loans, OneMain Financial, OneMain Financial Personal loan, OppLoans, OppLoans personal loan, Payoff, Payoff personal loans, Peerform, Peerform personal loans, Personal Finance, Personal Finance Insider, Personal Loan Lender Reviews, personal loans, Personal Loans Guide, pfi, PFI Even Financial, PFI Guide, PFI-XAMP, Prosper, Prosper personal loan, service graphics, TD Bank, TD Bank personal loans, TOC-jump-to, Universal credit, universal credit personal loans, upgrade, Upgrade personal loans, Upstart, Upstart personal loan

The best personal loans for bad credit of July 2021

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. This post was last reviewed and updated on July 1, 2021. The best personal loan lenders for bad credit of July 2021Rates are current as of 07/01/21. You might think about taking out a personal loan if you need fast cash for expenses like moving costs or vacations. A personal loan is a fixed-rate loan, usually paid off in monthly installments with several different options for term lengths. ...
DFP, direct PLUS loans, direct subsidized loans, direct unsubsidized loans, federal student loans, Loans, Personal Finance, Personal Finance Insider, pfi, PFI GOBankingRates, PFI Reference, PFI Related Content Module, PFI-XAMP, private student loans, Student Loans, TOC-jump-to

Federal student loans often come with lower interest rates and better protections than private student loans

Federal student loans and private student loans have different benefits and drawbacks. Generally, federal loans are a better deal as they offer more protections and lower fixed rates. However, federal loans come with origination fees, while most private lenders don't charge them. Read more coverage from Insider's Personal Finance team here. You should always try to take advantage of free or lower-cost financial aid, like grants, scholarships, or work-study programs. But your aid package might not always come with enough money to cover the cost of college. That's where student loans come in. Student loan debt has ballooned as educational expenses have contin...
Alliant Credit Union, Alliant Credit Union personal loans, Alyssa Powell, Bethpage Credit Union, Connexus Credit Union, Connexus personal loans, consumers credit union, First Tech Federal Credit Union, First Tech Federal Credit Union personal loans, Loans, Navy Federal Credit Union, navy federal credit union personal loans, PenFed, PenFed personal loans, Personal Finance, Personal Finance Insider, Personal Loan Lender Reviews, personal loans, Personal Loans Guide, pfi, PFI Even Financial, PFI Guide, PFI-XAMP, Service Credit Union, Service Credit Union personal loans, service graphics, TOC-jump-to, Wings Financial Credit Union

The best credit unions for personal loans of June 2021

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.The best credit unions for personal loans of June 2021Rates are current as of 6/25/21. The highest APR that any credit union can charge on most loans is currently capped at 18% by the National Credit Union Administration. You can get a personal loan from many types of institutions, but you may prefer to go through a credit union. Getting a personal loan from a credit union offers many advantages over a bank or on...
credit scores, Debt Consolidation, DFP, FICO, Home Improvement, lightstream, lightstream personal loan, Loan, Loans, Payoff, Payoff personal loans, Personal Finance, Personal Finance Insider, personal loans, pfi, PFI Even Financial, PFI GOBankingRates, PFI Reference, PFI-XAMP

3 steps to refinancing a personal loan to save money

If you took out a personal loan to accomplish goals like consolidating debt or making home improvements, you probably locked in an interest rate and term length. This doesn't mean your initial terms have to stay the same until you pay off the loan in full , though. You can refinance your personal loan and get better terms.Maybe you have improved your credit score since getting your original loan. Or you may have found a different lender that charges a lower rate or fewer fees.Refinancing could also be a good idea if you want to extend your term length and make smaller monthly payments, or shorten your term length and pay less in total interest. Whatever your reasoning may be, ...
Alyssa Powell, credit scores, Discover, Discover personal loans, FICO, LendingClub, Loans, Marcus by Goldman Sachs, Marcus by Goldman Sachs Personal Loans, Personal Finance, Personal Finance Insider, personal loan, Personal Loan Lender Reviews, personal loans, PFI Even Financial, PFI Related Content Module, PFI Reviews, PFI Short Code, PFI-XAMP, SJ Graphics

Discover personal loans review: Lender with low maximum loan amounts but no origination fee

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.The bottom line: Discover is a strong option for borrowers with good credit, and offers a 30-day money-back guarantee if you're dissatisfied with your loan or find a better rate. However, if you're late on making a payment, you may be charged a hefty $39 late fee. Discover loan amounts and interest ratesDiscover's personal loan amounts range from $2,500 to $35,000 and can be repaid over three to seven years, depending on the agreement you strike with the lender.Discover's lowest APR of 6...