Being declared bankrupt can be a major life event and it can have a dramatic impact on your finances for the foreseeable future. Don’t panic though – it is possible to get a loan after being declared bankrupt and there are many people who fully recover financially after bankruptcy. How long does bankruptcy last? Generally, the full term of bankruptcy is up to 5 years. This … [Read more...]
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The Best Ways to Finance Auto Repair Shop Equipment
Auto repair shops steadily see a rise in business with the average fleet age at seventeen years old and the average age of personal vehicles at eleven years. Whether you are starting an auto repair shop or trying to grow one you already own, you need equipment.The equipment needed for an auto repair shop is big, heavy, and expensive. With a lot of complex operations and … [Read more...]
What is the Truth in Lending Act?
When you’re borrowing money, whatever the reason may be, it is essential to read the fine print and comprehend everything you are signing up for. Many people end up in more trouble than they started in because they failed to take the time to understand what’s required of them.It’s understandable, as many people find themselves in a situation where they need cash right away. … [Read more...]
5 Major Reasons Why People Go Bankrupt
When it comes to getting into financial trouble and going bankrupt, many people think the reason is poor finances. While this does play a role, there are other reasons why people go bankrupt. In fact, in some cases, the cause of bankruptcy is out of the control of the person involved.Someone who is doing the right things financially and saving money can still find … [Read more...]
Why Small Loans Can Sometimes be the Only Option for Many
For many aspiring professionals in North America and beyond, it can sometimes be difficult to make a seamless transition from college to a new job.With limited credit history, college loan repayments and limited funds, purchasing a new suit, paying for a haircut and then simply getting through the first month can be a daunting task. While some may be lucky enough to have … [Read more...]
