What Is a Payday Loan and How Does It Work

What Is a Payday Loan and How Does It Work

What Is a Payday Loan? A payday loan is a type of short-term borrowing where a lender will extend high interest credit based on a borrower’s income and credit profile. A payday loan’s principal is typically a portion of a borrower’s next paycheck. These loans charge...
Insurance: Importance, Types, Benefits

Insurance: Importance, Types, Benefits

What Is Insurance? Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for...
Consumer Loans: Definition and Types

Consumer Loans: Definition and Types

Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday and student loans. Banks, credit unions and other people lend money for...
Understanding Entrepreneur Loan

Understanding Entrepreneur Loan

An entrepreneur loan is a personal loan to an entrepreneur and it can be used to finance investments in the share capital of a limited company and/or in the fund of invested unrestricted shareholder’s equity. An Entrepreneur Loan can also be used to finance purchases...