Month: March 2016

Maryland’s discriminatory car insurance scheme

A 2015 study by Consumer Reports found that a good driver with poor credit pays $1,636 more than a driver with excellent credit but a drunk driving conviction. By prohibiting the use of credit and other non-driving related factors when setting auto insurance rates, insurance companies will have to set their premiums based on actual […]

Lenny Launches Money Lending App at SXSW, Providing Credit Lines to Millennials and Helping Build Credit Scores

SANTA MONICA, Calif.–(BUSINESS WIRE)–Lenny today announces the nationwide launch of its new money lending app with peer-to-peer payment capabilities. The platform provides credit lines to millennials, all while helping them build healthy credit scores. Users simply set up a Lenny account by downloading the app and signing up and can then apply for an initial […]

Financial Literacy Poses Lifelong Challenges

In the best of worlds, people never stop improving their ability to make smart financial choices. Its a lifelong endeavor, with the financial decisions people face changing as they age and circumstances shift. Children must decide how to spend their allowances or money they have earned. Young adults weigh debt versus future earning potential as […]

5 Reasons You Can’t Get an SBA Loan

SBA loans can be a remarkably attractive financing option for small businesses looking to grow. So, obviously, there’s a catch. What makes them attractive: The loans carry lower interest rates and longer repayment terms than most other business loans, and you can use the funds for a variety of business purposes, such as buying real […]

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