Articles by Miranda Marquit:
In August 2020, the average credit card rate was 16.43%, according to the St. Louis Federal Reserve. With a rate of 16.43% and a balance of $4,000, you’ll be charged $54.77 in interest each month. Credit card interest rates might go even higher, too, as the Federal Reserve raises its benchmark rate. The more debt you […]
Even if you’re attending college part-time, you still have access to financial aid. If you enroll in at least six credits, federal student loans are an option as are some private student loans. And you can always apply for part-time student scholarships as well.
Mariner Finance offers personal loans to borrowers with poor credit. Mariner Finance rates are higher than those offered by other online lenders — particularly if you have good credit — but it may be an option for those who can't qualify for other personal loans.
LendUp bills itself as a better alternative to traditional payday lenders. Its products are aimed at those with bad credit looking for a loan. However, LendUp offers interest rates that are significantly higher than what you’d pay on traditional bank loans.
If you are eligible for a lower interest rate than what you are currently paying on your student loans, refinancing usually makes sense as long as you aren't dependent on federal benefits such as income-driven repayment plans and student loan forgiveness.