Borrowing and Lending Money

Borrowing money is a two-edged sword — do it carelessly and you will be plagued by debt. However, borrowing money wisely can help you achieve your financial goals more effectively. This section covers all aspects of lending and borrowing, including loans, mortgages, peer-to-peer lending, etc. Additionally, check out related articles in these sections: debt reduction and management, your credit, and credit cards.

Borrowing and Lending Money is a subsection of debt management.

5 Reasons to Get Unsecured Business Loan from Lending Club

5 Reasons to Get Unsecured Business Loan from Lending Club

With the current credit crunch, raising capital to start or expand a small business can be a real challenge. The bitter irony is that while interest rates are at historic lows, access to funding sources has […]

Cross Collateralization: The Credit Union’s Dirty Little Secret

Cross Collateralization: The Credit Union’s Dirty Little Secret

Imagine this scenario: You are ready to sell your car, that you now own free and clear, only to be told by your lender that you can’t until you pay off another unsecured loan you have […]

3 Reasons Why You Should Not Borrow from Your 401(k) Plan

3 Reasons Why You Should Not Borrow from Your 401(k) Plan

A friend at work is thinking about borrowing from his 401(k) plan to fund his business start-up. He mentioned it to me and I told him that it’s a terrible idea to borrow from 401(k). It […]

Using a Home Equity Loan to Pay Off Credit Card Debt

Using a Home Equity Loan to Pay Off Credit Card Debt

You dread going to the mailbox and answering the phone.  Each paycheck seems to be gone before you’ve deposited it, and still you can’t seem to tame the enormous balances on your credit cards.  Between the […]

Borrowing Money from Lending Club and Prosper

Borrowing Money from Lending Club and Prosper

You might have noticed that banks aren’t lending as readily as they used to. The recent credit crisis and economic recession made it difficult to get an unsecured personal loan from your bank — even for […]

How to Calculate Loan Payments and Costs

How to Calculate Loan Payments and Costs

Getting a loan is a basic part of adult life. Whether it is something small to tide you over until the next payday, help to pay for a new car, a financial aid for college, or […]

How to Get a Good Auto Loan Rate

How to Get a Good Auto Loan Rate

If you are like most people, you don’t have nearly enough cash when it is time to replace your old car — that means you need to borrow the money. Whether or not that is a […]

How to Live Without Borrowing Money

How to Live Without Borrowing Money

The recession has prompted many to decide that debt is not the way to live life. Some are deciding that it might be wise to adopt a lifestyle where borrowing isn’t necessary. Those who are already […]

Investing and Making Money with Lending Club Peer-to-Peer Lending

Investing and Making Money with Lending Club Peer-to-Peer Lending

I have been lending in peer-to-peer lending networks like Lending Club and Prosper for a few years now.  I believe that peer-to-peer lending networks are gaining credibility; especially with the successful Lending Club SEC registration in […]

The Best Places to Borrow Money

The Best Places to Borrow Money

Nobody wants to go into debt but sometimes you may need to find some short term financing to help you get through temporary hiccups in your financial life. When situations like this arise it is important […]

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