Knowing the different types of credit is essential for managing debt, building credit, and making informed...
Length of credit history reflects how long you've had credit accounts, influencing your credit score...
Asset-based lending is a financing method that uses company assets as collateral. It provides businesses...
Factoring is a financial transaction where a business sells its accounts receivable to a third party...
Usury laws limit how much interest lenders can charge, protecting borrowers from excessively high loan...
An unsecured loan is a type of financing that doesn’t require collateral, relying instead on the borrower’s...
The Truth in Lending Act (TILA) is a key federal law that mandates clear disclosure of loan terms and...
A soft inquiry is a type of credit check that occurs without impacting your credit score, typically used...
A loan servicer manages your loan's day-to-day activities, including collecting payments, handling escrow...
A secured loan is a type of loan backed by collateral, reducing lender risk and often providing borrowers...