Internally-assessed income is the set of methods online lenders use to estimate and verify gig workers’...
Loan denials usually stem from a handful of fixable issues—credit problems, high debt levels, incomplete...
Stress testing your loan application is a lender’s check of whether you can still repay under tougher...
Sunset and maturity clauses set the timeline for when a loan or its terms end. Knowing the difference...
Employment history is a lender-sided indicator of income stability that can influence loan approvals,...
Prequalification gives a quick estimate of what you might borrow; preapproval is a lender-verified statement...
Interest rate adjustment triggers are contract terms and market signals lenders use to change the interest...
A loan payoff statement shows the exact amount required to fully pay off a loan by a specific date, including...
Statutory and default interest rates determine how much extra a creditor can charge when payments are...
Comparing the true cost of loan offers—interest, fees, and term—lets you see which option costs less...