Results for "loans"161 results found.
What is Bankruptcy and How Does It Work?

Bankruptcy is a debt relief procedure in which a bankruptcy court is used to relieve a debtor's obligation to pay off all or part of their debts. Here's how the bankruptcy process works.

by Sha'Kreshia Terrell
How to Avoid Holiday Debt | Culture Meets Money with Brandyn Rodriguez

CapWay invited Brandyn to speak on the Culture Meets Money show to share her debt payoff journey and how others can avoid the many holiday season financial traps.

by Nailah Herbert
Goodwill Letter: Should I Write One to Remove a Late Payment?

A goodwill letter usually asks creditors to overlook the past due bill and accept your payment as if it had been received on time. The end result is left up to the creditor to decide whether or not to erase any negative marks on your credit report.

by Sha'Kreshia Terrell
The 3 C's of Credit: Character, Capital, and Capacity

Have you ever wondered why you were denied a loan? It usually comes down to the 3 C's of credit: Character, Capital, and Capacity. Learn more here.

by Shaun Morgan
Credit Card Churning Explained | CapWay

To attract new customers, credit card companies frequently advertise generous welcome bonuses. These welcome bonuses can quickly add up to many miles, points, and cash-back offers. Some people try to maximize their rewards by applying for multiple cards simultaneously. This process is known as credit card churning.

by Sha'Kreshia Terrell
What is a Payday Loan?

Payday loans have been around since the early 1930s. However, payday loans have become increasingly popular, especially among Generation Z. But despite their popularity, it’s important to note that payday loans have high-interest rates that could lead borrowers into debt.

by Sha'Kreshia Terrell
Risks of Buy Now Pay Later Program

The Buy Now, Pay Later (BNPL) service is a new payment method that has become increasingly popular. Despite BNPL becoming more widespread amongst the younger generation, this program carries significant financial risks if the money isn’t paid back on time.

by Matin Varshochi
How to Evaluate Your Creditworthiness

Creditworthiness refers to whether a person or company is considered fit to receive a loan or line of credit, often based on past financial borrowing experiences. Here's why your level of creditworthiness is important to your financial health.

by Sha'Kreshia Terrell
What’s The Difference Between a Soft and Hard Credit Inquiry?

Everyone should regularly check their credit report. The difference between a soft inquiry and a hard inquiry can significantly impact your score. Here's what you should know about the difference between both.

by Sha'Kreshia Terrell
The Starter Guide to Pay Back Your Student Loan Debt

Ignoring your student loan debt is not a good idea. Instead, start right now by making a plan to get out of student loan debt. The sooner you start the better. Here is how.

by Shaun Morgan
Key Deadline Dates in President Biden’s Student Loan Forgiveness Plan

At the beginning of the COVID-19 pandemic, President Joe Biden announced a pause on student loans. However, with the pause going away, Dec. 31, 2022, the Biden Administration is setting up a loan forgiveness program to reduce outstanding student debts.

by Matin Varshochi

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