Web Loans Blog

Learn about good loan practices and tips on how to save money.

Disadvantages of Auto Loans

If you need to purchase a car (new or used), it would great if you were in a position to purchase the car in cash. Unfortunately, very few people are in that kind of financial position to be able to do that. That really only leaves you with one option: financing the car through an auto loan. While that may be the only option available for you, I wa...
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Why your 401K is important

Paying off your loans is very important for a young individual. But saving for retirement is also very important. 401ks are a very important part of your retirement. Retirement savings is critical for every person and are critical for young investors. Delaying your retirement options, especially investing in your 401K can be detrimental to your lif...
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Habits to help you pay off debt

Everyone usually knows they need to pay off their debt. However, it is much easier said than done. If you really want to get out of debt and stay out, there are a few habits that can help. Below are a few habits that can help you lower your expenses and pay off your outstanding debt faster. Track, record, and monitor all expenses: The first th...
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Update on how I am paying off my student loans

I wanted to provide everyone an update on my progress on paying off my student loans. This not only helps me keep track of my progress, but I hope it provide others in my situation an example as well as some helpful tips.I am officially one year in, and I have paid $17,400 towards my student loans. While this number feels great, I know I still have...
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Why credit card debt is the worst kind of debt

​This may be an obvious statement, but since I haven't spoke on credit card debt in a few posts I wanted to reiterate it. Credit card debt is one of the worst kinds of debt! Avoid it as much as possible! People who are not financial savvy or are not informative on personal finances can easily get sucked in by credit card companies. While I put the ...
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Disadvantages of Student Loans

Last month I discussed the benefits of student loans since student loan debt has been in the media so much lately. As I do believe there is a real problem that is occurring, I wrote about some obvious advantages of student loans that help aspiring students. Now I am going to discuss several disadvantages of student loans and problems that can come ...
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Benefits of student loans

Benefits of student loans
Student loans and student loan debt has been in the media quite a bit recently, especially with how much student loan debt has increased over the years. Some of the criticisms are accurate, and a real problem may be arising. Yet I wanted to write some obvious advantages of student loans, and for certain situations, student loans can provide huge be...
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How to calculate your monthly interest payment

How to calculate your monthly interest payment
​If you are not a math wizard, and you do not have any kind of accounting / finance background, you may not know how to calculate your monthly interest payment. Yet I can guarantee you will have to pay a monthly interest payment throughout your life. Whether it is through a mortgage, a car loan, a student loan, or a personal loan, you will have to ...
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The most important things to do when trying to pay down debt

The most important things to do when trying to pay down debt
Racking up debt is a problem for many people. It happens fast, and sometimes people do not realize the situation they are in until its too late. When you do realize you have too much debt and you want to begin paying it down, below are the most important things to do and consider when you are trying to pay down debt.Stop creating new debt: The most...
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How to get a personal loan with bad credit

How to get a personal loan with bad credit
Life throws you lemons and puts you in situations you wish you were not in. Sometimes you need a little help financially, but you may feel as though you are unable to get help because you have bad credit. Fortunately, there are ways to get a loan even if you have bed/terrible credit, and I am not talking about PayDay loans, which I would advise you...
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5 things to know about getting the best auto loan

5 things to know about getting the best auto loan
A lot of people still do not do much research on auto loans when purchasing a car. While people assume the dealership will provide you the best option that is definitely not the case 100% of the time. Below I have summarized 5 things to know about getting the best auto loan for yourself:Focus on the total purchase price rather than the monthly paym...
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Investing in Peer-to-Peer Lending

Investing in Peer-to-Peer Lending
Peer-to-peer lending investing has been attracting a lot of attention recently. Many companies have recently gone public and have grown very quickly. As such, a lot of people have started to invest in lending through the peer-to-peer lending platforms. If you are considering investing through these platforms, you really need to do your homework to ...
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Ways to get funds to start your own business

Ways to get funds to start your own business
You officially want to start your own business. You have the idea in place, you have your business plan and mission statement, and you are ready to launch. The only thing you have left to do is to get funding for your business. In today's age, there are a variety of ways to get funds to start your own business. Each has its own advantages and disad...
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Why personal loans are sometimes a good idea

Why personal loans are sometimes a good idea
​Financial advisors generally tell you to avoid getting personal loans. Those financial advisors are usually right, but there are some situations in which obtaining a personal loan may be a good idea. Below are a few situations in which getting a personal loan may be a good idea. Need immediate funding – If you have to have immediate funding, ...
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How I am paying off my student loans

How I am paying off my student loans
​I have student loans. I am just like millions of other young Americans who have to pay back student loans because I wanted to get a better education, and I wanted to get an advanced degree. There isn't necessarily anything wrong with that, but issues come up when people talk about having to pay them back. I am not going to discuss these opinions, ...
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5 ways to pay off your credit card debt

5 ways to pay off your credit card debt
​Credit card debt is one of the worst kinds of debt you can have. You may have had good reasons to accumulate the high interest debt, but you should try to eliminate the debt as soon as possible. You need to create an action plan to help you reduce and eventually eliminate your credit card debt. Below are several strategies and tips to help you eli...
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6 tips you need to know when buying your first house.

6 tips you need to know when buying your first house.
Buying a house is a huge financial decision. It may even be the biggest financial decision of your life. You may think you are ready to be a home owner, but you have to do your homework before making a purchase of this magnitude. Home buying can also be a very confusing and daunting task. Below are several tips to better help you understand the hom...
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Tax deductions you may be overlooking

Tax deductions you may be overlooking
​Do not ever overpay on your taxes! You should always take all the deductions that apply to you so you pay the lowest taxes possible. Below are several overlooked deductions you may not be considering when filing your taxes:State sales taxes – This write-off makes sense primarily for those who live in states that do not impose an income tax. You ge...
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Financial tips for newlyweds

Financial tips for newlyweds
It is a great feeling to get married! When you say I do, you are very much in love, and aren't necessarily thinking about money or finances. But when you get married, you aren't just tying the emotional knot, but a financial knot as well. That financial knot will have to keep you strong throughout your lives so you can have prosperous lives. It is ...
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5 Ways to Pay Back Your Student Loans Faster

5 Ways to Pay Back Your Student Loans Faster
Everyone who has student loans wants to pay them off and wants them to go away. There are many ways to help you pay back your student loans faster. If you make your student loans a priority, it will be easier to pay them off. Below are 5 ways to help you pay them back faster: (1) Make a plan and understand your loans. You need to und...
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