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When you need money, an IRA loan may come to mind. Technically, it’s not possible to borrow from your IRA. However, you can do a few things that act like an IRA loan for quick cash. Learn what your options are.

An upside down loan is a situation where the loan balance is greater than the purchased item’s value. This happens when the item loses value faster than the loan balance decreases. This page covers upside down loans and how to spot trouble.

Subprime refers to a borrower that is not 'prime'. These subprime borrowers...

Moral hazard is a concept saying that people will take risks if they have an incentive to do so. The idea is that people might ignore the moral implications of their choices. Instead, they will do what benefits them the most. The concept of moral hazard comes from the insurance industry.

It’s hard to get a loan with bad credit. Options are limited, and borrowing is more expensive. If you’re trying to get a loan with bad credit, do some homework before you get a loan. It’s easy to get into expensive traps, and there are a few things you can do to improve your chances.

The loan to value ratio (LTV) tells you how much of a property is being financed...

Debt elimination is the process of knocking out loans so you stop paying interest. Sometimes borrowing is necessary. However, once you’re financially secure (or if you’re in over your head) you need to start on a debt elimination program. Find out how to go about debt elimination, and what you need to know before starting.

Universal default is a feeding frenzy that your lenders participate in. If you’ve got a universal default clause on one of your credit cards, you may have to pay the default rate even if you always pay on that card as agreed. Make sure you understand how universal default works so you’re not surprised during hard times.

Deficiency judgment are court orders that make you personally liable for unpaid debt. They are often associated with foreclosures, when a home's selling price is not enough to cover the loan balance. Let's take a closer look at what deficiency judgments are and if you should expect one.

Car title loans are short term loans against your automobile. When you get a car title loan, you pledge your auto as collateral in order to get cash. For people with no other options, car title loans are a reasonable choice. However, car title loans are also very expensive and very risky.

The Community Reinvestment Act was designed to make money available to underserved areas. Banks took deposits in low-income areas, but they did not make many loans in those areas. Congress passed the Community Reinvestment Act to encourage lending, home ownership, and business expansion.

Government loans come in a variety of flavors. You can get a government loan to go to school, buy a home, run a business, and more. This list shows the most common government loan programs.

It’s a good idea to use a bank loan calculator to figure your loan payments. Before you commit to anything, you should know what you’re getting into. Here are several bank loan calculators that help you understand what your payments will be like and how much interest you’ll pay on the loan.

Deed in lieu of foreclosure is a way to get out of a home loan...

Subsidized loans are loans for which the borrower does not pay interest. Interest would normally be charged periodically according to the annual percentage rate (APR). However, with a subsidized loan the interest is paid by another party.

When you are unable to repay a loan, you may go into deferment. Different loans have different requirements, so you’ll want to investigate your loan before attempting a student loan deferment. This page summarizes the concept of deferment so you can better understand whether or not you’re eligible – and if it’s a good idea.

A credit line is an available amount of money that you can borrow. What is a credit line used for? Just about anything. You can get a credit line for personal or business spending. Find out what a credit line is and how they’re used.

A refund anticipation loan (RAL) is like an advance on your tax refund. Instead of waiting for your refund from Uncle Sam, you get a refund anticipation loan so you can spend the money sooner. However, some problems arise when you use refund anticipation loans.

Unemployment deferment allows you to temporarily suspend payments on your student loans while you are unemployed. “Unemployment” is triggered by working less than 30 hours per week. To begin an unemployment deferment, you must submit a request through your lender.

Unsecured loans are loans that are not backed by any collateral. This page gives a definition of unsecured loans.

One nice feature of home equity loans is that borrowers may get a tax deduction on interest paid for the loan. Before you fall for a marketing campaign, you should understand that the tax deduction is not unlimited. This page explains how the tax deduction really works.

Home equity loans allow a homeowner to borrow money by pledging the house as collateral. Borrowers who want to borrow a relatively large amount of money or who don’t have good credit often find the home equity loan to be attractive. Read up on the basics and get some tips on managing your home equity loan.

Banks can change the terms of your loan to make the payments more affordable. These changes are often called loan modifications, and they may be permanent or temporary.

When you owe money, creditors may use a bank levy to collect. They can’t get you to pay, but they can try to take money from your accounts. By using a bank levy, creditors have your assets frozen and paid to them so you can’t spend the money.

The car payment calculator is intended to help you figure out how much your car payments might be. In addition, you'll get an idea of how much interest you pay over the years. The car payment calculator includes an amortization schedule for your reference.

Debt consolidation programs are usually just a big loan that pays off other smaller loans. They can be very beneficial to borrowers, but these programs also have their pitfalls. Read up on how you should use debt consolidation programs and how to find the best deal.

Cash title loans are short term loans that allow you to pledge title to an asset in exchange for cash. The most common cash title loan is a car title loan. Before you use a cash title loan, make sure you know the pitfalls.

Auto title loans are short term loans that allow you to pledge title to an asset in exchange for cash. The most common auto title loan is a car title loan. Before you use a auto title loan, make sure you know the pitfalls.

Getting a loan for title is the process of pledging an asset in exchange for a loan. You should use the loan for title program only if you have no other options. Let’s review what happens when you use a loan for title arrangement.

Payday loans are short term loans you can use to get through a rough spot. Before you use a payday loan, make sure you understand the costs and risks. This page gives you a quick overview of how they work, and ideas on what you can do to avoid using payday loans.

Definition of refinance. To replace a loan…

Borrowers sometimes find themselves in over their heads. One way to avoid foreclosure or default is to use a workout program. Debt workout programs are agreements between a troubled borrower and a lender.

Simple interest is the most basic type of interest. In order to understand how various types of transactions work, it helps to have a complete understanding of how interest works. We'll cover the basic idea, the simple interest calculation, and the limitations of simple interest.

A no closing cost refinance is a transaction where you refinance without paying closing costs. A refinance happens when your new loan pays off and replaces an old loan. A no closing cost refinance means that you avoid paying up-front closing costs when you complete the transaction. Let's review the basics of no closing cost refinances and when you should use them.

Emergency cash can come from a variety of places. Ideally, you’ve got an emergency fund built up. If not, you may need an emergency cash loan. This page covers emergency cash loans, and the best places to find them.

A lot of borrowers ask what they can use loan proceeds for. When taking on a loan, some people get more money than they actually need. More brazen borrowers take a loan out without any desire to use the loan for its intended purpose. Some people want to invest the money and earn more than the interest rate they’re paying for the loan (earning a ‘spread’).