Brainy Loans Top 10 reasons you should get a personal loan. What is a Personal Loan? Once approved for a personal loan you fill out your account information where you want the money deposited, after which you will be sent a lump sum of money to that account. In most cases I suggest using the same account you will be paying for the loan from. The transfer may take us as much as a couple […]

Brainy Loans What is the Debt to income ratio and how to calculate it? Your Debt To Income Ratio (DTI) is the difference between your income compared to your expenses or bills. It’s a ratio that is calculated by adding up all your expenses and dividing them by your gross monthly income. DTI is used to evaluate the borrower’s ability to repay the loan, each lender uses their own DTI ratio percentage to evaluate the […]

Brainy Loans What is a debt consolidation loan? Debt consolidation is a form of debt financing that helps borrowers take one lower-interest loan out to pay off all of their other higher-interest loans or credit card debt with one payment not only paying less in interest but relieving their financial stress.  Apply Now Many or all of the products featured here are from our partners who compensate us. This may influence which products we write […]