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Borrower Loan Application Case Study

Meet Mr. Roberts Mr. Roberts, a fictional character for this personal financing case study, is applying for a loan when the loan officer (lender) asks him, “What loans and credit cards do you currently have?” Mr. Roberts replies, “Here is a recent copy of my Credit Bureau report I received last week. Can you tell [...]

Reducing Your Interest Rate Costs

One of the easiest ways to reduce the interest rate on your loans is to shop around for lower rate credit cards or lines of credit. But always check for a higher interest rates on new purchases, a short or nonexistent grace period, or stiff penalties for late payments – fees can make your good [...]