Loans and Credit

How Do 401k Loans Work?

How Do 401k Loans Work

Would you want to know how 401k loans work? You borrow from your retirement assets rather than from a lender when you take out a 401(k) loan.  As a result, 401(k) loans are often more straightforward for people with weak credit, as no credit check is required to qualify, and the interest rates are typically […]

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High-Priced Mortgage Loans

High-Priced Mortgage Loans

Would you like to know about high-priced mortgage loans? A “higher-priced mortgage loan” is defined as a closed-end consumer credit transaction secured by the consumer’s primary residence with an annual percentage rate that exceeds the average prime offer rate for a comparable transaction as of the interest rate’s setting date: The rules in this area

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Hedging Strategies For Banks

Hedging Strategies For Banks

Would you like to know hedging strategies for banks? From what I’ve learned, banks use hedging activities to minimize their losses from customer orders.  Because client orders usually cause Risk to move from the client’s position to the bank’s position, hedging helps you lower the amount you might lose because of these situations. That’s not

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Hedge Funds vs Stocks

Hedge Funds vs Stocks

Would you want to know about hedge funds vs stocks? Well, from my experience, hedge funds can trade in anything they want, like bitcoin, stocks and swaps, land, real estate, life insurance, lottery tickets, or even a mine on the other side of the world.  Mutual funds, on the other hand, can only buy stocks

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Does Terminating/Canceling A Credit Card Hurt Your Credit

Does Terminating/Canceling A Credit Card Hurt Your Credit

Does terminating/canceling a credit card account hurt your credit? Let’s find out before you go ahead if you’ve decided to terminate your credit card account.  However, think twice before calling your credit card company to cancel the account. Terminating a credit card account might hurt your credit score. However, if you plan, you may apply

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