When unexpected circumstances arise wherein you will need some extra cash, however you do not have enough on hand, personal loan can be your lifesaver. When managed well, a personal loan can be an efficient and effective way to borrow money from a lender for any purpose. Since a personal loan has a fixed interest rate and scheduled payment, you can choose a loan and payment amount that is within your budget. Also, personal loans have lower interest rates. Typically,…

Having financial literacy at a young age allows children to reap many benefits when they are older. Opening a savings account for your child is the best way to get him started in this educational venture. Many banks and credit unions offer special personal savings accounts for young children. This enables them to level up from the piggy bank style of saving to having a bank account to instill a savings habit. Why your Child needs a Savings Account? Parents…

As a small business owner, you need to oversee all aspects of the business including the financials. Managing the finances of your business can be daunting but you need to understand all the components needed to track your business’s finances. Having business accounts is a good starting point. It may be simpler and the least expensive to maintain the same business and personal bank accounts. The truth is many small business owners are tempted to use their personal bank accounts…

Shopping for home loans gives you a clear picture of how much home you can afford and the mortgage payments you are expected to pay monthly. The best time to start shopping for house loans is within 90 days of buying your home. Understanding How Mortgage Loans Work A mortgage is a contract between you (borrower) and a lender to loan you the money to buy a home. Home mortgages terms can either be 10, 15, 20, or 30 years…

Help kids save money with these teaching tips If you want to teach kids money management and the importance of saving, it doesn’t hurt to start early. Research shows that children grasp how money works as early as age 3. By age 7, they begin to hone money habits. Plus, many adults say they would have benefited from early instruction in money matters. In a recent survey, 1 in 4 U.S. adults with children under 18 said their parents provided…

It’s never too early to start thinking about buying a new vehicle. When you do, make sure you’re prepared with our tips and guidelines on everything from auto loan programs to vehicle searches. Our friendly loan professionals are experienced in vehicle lending and can guide you through many of your auto buying considerations. Greater Alliance can help you find and finance your next car all in one spot. So, you’re in for a great experience when you visit our Auto…

Could you use some extra money in your life? Maybe you’re looking to build up your child’s college tuition fund. Maybe an unexpected illness landed you in the hospital and saddled you with debt, or you need emergency house repairs. Or perhaps you need to pay off a lot of credit card debt quickly or have another significant expense that you don’t have another way to pay for. If you answered yes to any of these questions, you’re probably searching…

Do you have a big purchase in mind, such as securing your wedding venue or finally taking your dream vacation to the Italian countryside? If you want to use your credit card on larger purchases without paying substantial interest fees, you need to have a good credit score. To improve your credit score, you must demonstrate that you can pay off your debts on time. While it may seem counterintuitive, taking out a personal loan could improve your financial health.…

An unexpected financial emergency can put you and your family in a perilous position. Whether it’s an unexpected vehicle repair, a broken appliance, or a sudden illness, sometimes all you need is a bit of a safety net to help you get back on your feet. Unfortunately, many of us are strapped for cash, especially in the aftermath of the pandemic. According to a recent survey reported by CNBC, 63% of Americans are living paycheck to paycheck, up from 53% before…

The Basics of Student Loans As many people know, you can’t put a price on a good education. Still, over 30% of college graduates continue to face the debt collector as they search for their dream jobs. Student loans are the only type of loan that a bank can issue to any student regardless of their employment status, income, or credit score. Many federal student loans and private lenders will provide low fixed rates, flexible terms, and a temporary pause…