How It Works, How to Get One, and Legality. What Is a Payday Loan? What are flex loans? A flex loan is a type of personal loan that allows borrowers to take out a loan and then repay it over time in scheduled payments. Flex loans typically have a fixed interest rate and a flexible … Read more
Collateralization is the process of securing a loan with collateral. Collateral is an asset that can be used to repay the loan if the borrower defaults. The most common type of collateral is a home or a car. What are the possible collaterals of a loan? The possible collaterals of a loan are any assets … Read more
A swingline loan is a type of loan that allows the borrower to access funds quickly and easily. The loan is typically used for short-term needs, such as covering unexpected expenses or taking advantage of a business opportunity. The loan is typically secured by the borrower’s assets, such as a home or a car. What … Read more
A cash advance is a short-term loan that is typically used to cover unexpected expenses or to bridge a temporary gap in finances. Cash advances are typically paid back within a few weeks, and they typically come with high interest rates. What type of loan is short term? A short-term loan is a loan that … Read more
Definition and How It Works. Peer-to-peer (P2P) lending is a type of loan in which borrowers are matched with investors who provide the funds. Unlike traditional loans from banks or credit unions, there is no middleman involved in P2P lending. This allows for lower interest rates and faster approvals, as well as the potential for … Read more
