Tag: Borrow
Comparison: Federal Student Loans vs Private Student Loans
When we discussed student loans, you mentioned federal and private student loans. But what is a Federal Student Loan? Federal student loans are funded by the federal government. They have a fixed rate of interest, and their terms and conditions …
What is a Student Loan?
What is a Student Loan? A student loan is a loan that you can take to pay for your college education. With the cost of college education skyrocketing, student loans help people pursue their higher education dreams even if they …
What is Foreclosure and How Can You Prevent It?
What is Foreclosure? Foreclosure is a legal process where your home is put up for sale by the lender. It happens when your home is used as a collateral for a mortgage, but you default and aren’t able to pay …
What is Down Payment for Mortgage?
Howdy Wall St. Willy! My friend went to get a mortgage to buy a house but the bank that was lending the money to him asked for a down payment. So, what is a down payment anyway? A down payment …
What is a Credit Card?
Howdy Wall St. Willy! I saw someone using a credit card at the mall. But what is a credit card anyway? Well, a credit card is a plastic card that you use to pay at stores and online. But where …
What is Bankruptcy or Personal Bankruptcy?
On TV, I heard about Personal Bankruptcy. But what is Bankruptcy anyway? Bankruptcy is a legal process that helps people sort their finances, when they cannot pay off their debts – due to excessive borrowing, a major financial setback like …
