Sudden, large expenses can wipe out your savings. That's why a passbook loan can come in handy—this kind of loan can help you use that money without losing it.

Bankruptcy takes a toll on credit scores and will stay on a credit report for seven to 10 years. However, having a bankruptcy on your record does not mean you cannot construct a new financial house.

What Is a Credit-Builder Loan? Credit-builder loans are small (fake) loans with low fees that help bad-credit or no-credit borrowers build or rebuild credit. Credit-builder lenders report your monthly ...

In either scenario, here are a few other credit-building options to consider. A credit-builder loan may be a fit for some people looking to establish or rebuild their credit history. Instead of ...

Building credit at 18 is a smart move. Most people don’t put much thought into their credit scores until the time comes to apply for a loan or credit card. But building credit is important to ...

You can build credit in many ways, but getting a credit card is one of the easiest and quickest ways to build credit. Building good credit relies on showing good purchasing habits and paying on ...

Why build credit? You’ll need decent credit if you ever plan to apply for a mortgage to buy a home, or if you hope to get a car loan with a good interest rate, or if you want to qualify for a ...

the funds from a credit-builder loan are set aside in a savings account. You’ll then make payments toward this balance, and at the end of the loan term, you’ll receive the money minus any ...

A credit-builder loan helps people build credit through a record of on-time payments. There's also a savings boost as the borrower gets the loan amount in full once all payments are made.