Commercial banks are able to create money by lending it to their customers in amounts that exceed the reserve capital they keep on-hand. Unsecured loans temporarily expand the mone...
Life happens, financial situations change — and sometimes the bills you previously breezed through each month become difficult to cover as a result. Lenders loan money with the und...
Most qualified retirement plans, including pensions, allow employees to borrow against them and then repay the plan with interest, according to Investopedia. One benefit of taking ...
A reserve ratio formula is used for calculating how much money banks can loan out as a percentage of the deposits they have on hand. It takes into account the required reserve rati...
When you start making your first mortgage payments, you may be in for a bit of a surprise. In addition to the amounts of money that are allocated towards the principal and interest...
A payoff letter is usually written by the lender, or legal representative of the lender, after a formal request is made by the borrower. Loan industry experts reveal that payoff le...
Having a bad credit score can make getting a loan challenging, but there are still options if you find yourself in a pinch. From title loans to cash advances, there are a number of...
There are many, many times when you need money for something but don’t have it on hand. There are a lot of ways to borrow money to get what you need, but not all of them are create...
Title loans, also called cash title loans, offer cash advances to those needing additional money fast. Title loan stores are popping up all around the country. Each city typically ...
A 401k loan is a loan that allows a person to borrow up to 50 percent of his 401k account balance up to $50,000. In most cases, the loan must be repaid within five years, but an ex...