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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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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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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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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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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