Latest blog posts about Debt

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  Debt Introducing Intellidebt – a direct debt payoff tool

  Intellidebt is a feature that allows our borrowers to seamlessly pay off their high interest rate debt using HELOC proceeds directly from within the application flow.

  

  Barron Ernst, Head of Product  article author

  August 15, 2024
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  Debt Different ways to consolidate debt

  Debt consolidation can help roll several high-interest debts into a single, lower interest payment and may even help you pay off debt faster. There are several ways to consolidate debt, but which is the right one?

  

  Hannah Friedman, Sr. Content Manager  article author

  January 31, 2024
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  Debt What Credit Score Do You Need to Get a Loan in 2022?

  It is critical to understand credit score requirements when considering a loan for any purpose in 2022. Nearly all loan types carry some credit score requirement including a mortgage, home equity line of credit (HELOC), personal loan, and others.

  

  Hannah Friedman, Sr. Content Manager  article author

  April 6, 2023
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  Debt Understanding the different types of interest rates

  When you're borrowing money, the interest rate is part of what determines how much that loan will cost you over time. But you shouldn't always just choose the lowest rate offered.

  

  Hannah Friedman, Sr. Content Manager  article author

  February 1, 2023
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  Debt Should you invest only if you’re debt free?

  One of the biggest financial conundrums is whether to invest the extra cash you have at the end of the month into your savings or use it to pay off outstanding debts. The latter can be tempting as unpaid debt accumulates interest charges that only add to the total balance you need to pay off.

  

  Barron Ernst, Head of Product  article author

  January 25, 2023
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  Debt What are the types of bad loans?

  So what are bad debts? Any debt that you cannot repay is considered bad debt. Bad debts are also ones that do not contribute to your net worth or depreciate in value over time.

  

  Barron Ernst, Head of Product  article author

  January 11, 2023
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  Debt How to Manage Debt in an Economic Downturn

  The money you pay in interest can’t be reclaimed. Thankfully, you don’t need to pay it in the first place if you play your cards right.

  

  Alysse Guitar, Director of Growth  article author

  May 1, 2022