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Ben Luthi

Ben Luthi is a personal finance writer and a credit cards expert who loves helping consumers and business owners make better financial decisions. His work has been featured in Time, MarketWatch, Yahoo! Finance, U.S. News & World Report, CNBC, Success Magazine, USA Today, The Huffington Post and many more.

articles from Ben

116 posts

If You Get Denied for a Credit Card, When Should You Reapply?

Published 10/20/2017 by Ben Luthi

No one likes rejection, and getting denied a credit card can make you feel confused and upset. If you get denied for a credit card, don’t worry. Yes, it’s understandable that you may even want to apply for another one in the hope of getting approved to make yourself feel better.

HUD Adds Two New Rules for Reverse Mortgages

Published 10/04/2017 by Ben Luthi

Reverse mortgages can be a great way for retirees to supplement their retirement income. But changes to the government’s reverse mortgage program could change whether it’s worth it to get one. Effective October 2, 2017, the U.S. Department of Housing and Urban Development (HUD) has made a couple of changes to its Home Equity Conversion Mortgage (HECM) program.

When shopping around for a home equity loan, getting one with the lowest costs and interest rate should be your top priority.

Having enough money to last through retirement isn’t easy, especially if you’re already in the midst of it. Going back to work or finding new income streams can be stressful at best and impossible at worst.

In addition to the physical damage that Hurricane Harvey wrought as it tore through southeast Texas and southern Louisiana, people affected by the storm may also suffer long-term financial problems as they get their lives back in order. In response, online lenders Prosper and LendingClub have stepped in to give affected borrowers reprieve.

Whether you’re trying to consolidate high-interest credit card debt, finance a home improvement project, or borrow for any other reason, home equity loans and lines of credit can be a great way to borrow at a low interest rate. But which is best?

Buying a car is a big decision. For many people, it’s one of the largest purchases they will make aside from buying their home. While it can be challenging to choose the right car to buy and take out a loan for the initial purchase, refinancing a car loan can be an even greater mystery since it’s not something you do often! Here are some questions you should be asking if you are in the market for a refinance.

Getting a car loan can be a hassle. Since someone else owns the car while you’re paying off the loan, there are certain requirements you have to meet to purchase and maintain the car. Unsecured auto loans may be a better alternative.

If you have federal student loans, you likely already know that you can consolidate them and apply for an income-driven repayment plan to make it easier to pay off. Once you’ve decided that one or the other is the right decision for you, you’ll want to make sure you qualify, then go through the application process. Read on to learn more about how you can apply for federal student loan consolidation and repayment plans and take advantage of federal student loan benefits.

If you financed your car, chances are you could save some money by refinancing your loan. By doing so, you could lower your interest rate, monthly payment, or both.

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