November 13th, 2012
Review: Borro Lends You Cash for Your Valuables
Picture this: You’re starting a new business, say a hat shop. You need a small business loan to get the Hat Shack up and running, but each bank you visit has tightened its purse strings. Loans are difficult to come by, and they have high credit score requirements. Where do you go so you can get your shop ready to go before hat season?
Enter Borro, an online pawnbroker that extends secured personal loans backed by valuable assets.
How it Works
Originally launched in the UK, Borro has had a New York City headquarters since January 2012. Its personal asset loans use your high-end valuables as collateral. Basically, if you have a need for a loan and a valuable asset, you could qualify for a Borro loan. Here’s how it works:
September 21st, 2012
Briana’s Debt Consolidation Story
June 8th, 2012
Review: NetCredit Aims its Loans at Poor Credit Consumers
December 8th, 2011
The Pros and Cons of Borrowing from Your 401(k)
October 31st, 2011
Loan Delinquencies on the Rise – How to Avoid Falling Behind on Monthly Payments
September 21st, 2011
Cash, Loan, or Lease: Deciphering Car Talk
If life were like a car commercial, you’d walk into a dealership, point to the shiny new red sports car, and drive away. Sadly, life is not a car commercial. Buying a car includes deciding whether to take out a loan, sign up for a lease, or pay for your new vehicle with cash. All three options include details that you’ll want to carefully weigh and consider.
August 31st, 2011
3 Risky Loans and How to Avoid Them
It happens to the best of us.
We find ourselves strapped for cash with nowhere to turn and payday is still two weeks away. When you need cash fast, some loans might seem appealing, but even in times of extreme financial desperation, there are three types of loans you should always steer clear of.
Here we’ll show you why they’re risky and how you can avoid them.
July 27th, 2011
Why You Should Pay Your Loans Off Early
There are mixed opinions when it comes to paying a loan off early, but the good seems to outweigh the bad.
There are a few ways to pay off a loan before the length of a loan has run out. You can make larger monthly payments, pay a large lump sum, or make additional payments throughout a monthly period. Any of these tactics will work well, and the extra money you pay will help decrease the overall loan amount.
June 24th, 2011
The Ins and Outs of Personal Loans
Personal loans are fast, flexible, and practical. These loans can be used in a number of different and unrestricted ways from fixing your home to paying for your dream wedding. Unlike other loans, such as home loans, lenders rarely dictate how the funds from a personal loan should be used.
May 23rd, 2011
Refinancing RV, Motorcycle, and Boat Loans – Did you know you could?
The same competitive lending market that drives low rates for home and car refinances creates opportunities for borrowers with boat, RV and motorcycle loans. Essentially, lenders are trying to undersell their competition by offering you a lower interest rate on your RV, bike or boat loan.
