A promissory note is a legally binding written promise to pay a specific amount of money under agreed...
A Payday Alternative Loan (PAL) is a small, short-term loan from federal credit unions that provides...
A loan origination fee is a charge lenders apply to cover the costs of processing and underwriting a...
A hard inquiry happens when a lender or creditor checks your credit report for a lending decision. It...
Forbearance allows borrowers to temporarily pause or reduce loan payments during financial hardship,...
A Direct Consolidation Loan allows you to merge multiple federal student loans into one loan, offering...
Delinquency occurs when you miss a scheduled loan payment. Recognizing and managing it promptly is crucial...
A co-signer is someone who agrees to pay a loan if the borrower cannot. They help borrowers with limited...
Accounts Receivable Financing allows businesses to leverage unpaid customer invoices to gain quick access...
An interest-only mortgage allows borrowers to pay only the interest on their loan for a predetermined...