Short-Term Loans Cause Long-Term Destruction

One of the great tragedies of financial illiteracy is that reality isn’t very compassionate. Not knowing the basics of personal finance can completely destroy one’s financial well being. Seemingly trivial mistakes can destroy one’s life.
Peppered throughout tens of thousands of towns and cities throught the world advertise so-called “short-term loans” — typically referred to as [...]

Short-Term Student Loans: Worth the Risk?

College students in the year 2009 are faced with way more financial considerations than their parents’ generation. Gone are the days when a full-time summer job could cover tuition and board for one full academic year.
Tuition is rising, even out-pacing inflation, and that leaves cash-strapped college students to make difficult financial decisions. One of those [...]

Short-Term Student Loans 101

Short term student loans differ greatly from standard loans. They are to be used for an academic emergency such as a textbook purchase. These loans should be taken very seriously as they bear interest and can risk eligibility for federal loans.
If these loans are not paid back on time, they can also scar your credit [...]