A young professional once commented to his older co-worker, “anyone who hasn’t retired by 50 is an idiot.” All the insensitivity of his comment aside, lately this is not an uncommon assumption of young people entering the workforce. Spurred in part by rising incomes in certain sectors and a strong stock market, the last several […]
At it’s core, your credit report is a detailed history of your entire relationship with debt over the (somewhat) recent past. It has everything from credit cards, car loans, any missed bills or rent, any mortgages, personal loans, bankruptcies, etc. For most entries, it includes a list of all payments made and whether these […]
Debt falls in two categories- unsecured and secured. Unsecured debt, such as credit cards and personal loans, are loans made without collateral. In other words, if the borrower stops paying the loan, there is nothing of value tied to the loan that the lender can automatically take possession of. In contrast, secured loans, such […]
It’s hard to believe, but another year has already flown by. Once again, the time has come where we like to look back on the year past, and look forward on the year to come. As we move in to the new year, many people like to make resolutions regarding friendships, diet, exercise, and other […]
When your debt spirals out of control, a debt management plan can be a good way to avoid defaulting and regain control of your situation. A debt management plan is an agreement between you and the people you owe money to, often arranged by a third party middle man. While a debt management plan won’t […]
Payday loans are notoriously predatory and come with extremely high interest rates that hit people hard when they are already struggling financially. Often when you need quick access to cash, payday loans seem like a quick fix. In reality, however, they often only compound your troubles. If you are willing to look online, you may […]
Depending on the industry you work in and the type of job you have, there’s a good chance that you’ll be getting an end of year or Christmas bonus. If things have gone well for your company, your bonus might be a sizable amount. All you have to do now is decide how to use […]
Being our launch year, 2017 has been a big year for Legit Lender. Legit Lender launched in May of this year with the mission of being a go-to source of information regarding credit repair and debt management. To operate financially in the modern economy, your credit is used all over the place. If you haven’t […]
You’ve probably heard lots about the ‘side hustle’- basically any sort of job or income you make on top of your regular job. Personal finance gurus such as Nick Loper and J Money recommend getting a side hustle for a number of reasons, including to help pay down debt, build extra savings, or stretch your budget […]