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Everything You Need To Know About Installment Loans Online — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio



Installment loans are some of the most popular types of loans across the globe. The major reason for their popularity is that they are very easy to understand and very rarely have a lot of fine print that can land you in trouble. Installment loans are quite like a lot of loans you’ll probably deal with: you take a loan and then over time you pay it back through various periodic payments, in other words, Installments.

How to Get Installment Loans Online?

There are various reasons for needing a loan. Most of the time they are sudden expenses which you did not see coming. However, this does not mean that you don’t have any options available for loans. These loans do not need to be repaid at once. You can take your time to pay them off in a set number of Installments. Even if you have bad credit, you can easily qualify for these types of loans. You can get the funding you need very easily and also set any plan for payment that works for you. You can learn more on

What Are Some Common Installment Loans?

While most loans that you will come across in your lifetime will be Installment loans, some of the most popular types are loans on mortgage, auto loans, education loans, and personal loans. There are some Installment loans whose rate changes over the duration of the loan, but most loans of this type have a fixed rate throughout their term, and the rate of interest is always set when you borrow it.

To make it easier for the borrower to budget their finances and prepare in advance, the amount due for payment at the end of regular cycles (generally monthly) is always kept constant, keeping in mind the final amount due after the interest is accrued.

Secured and Unsecured Loans

There are generally two broad categories of Installment loans: secured and unsecured. The names are quite self-descriptive. A great example of secured loans are the mortgage loans where the collateral (security) is the new house itself. Another example is an auto loan where the collateral is the new vehicle.

There are various Installment loans, mostly personal loans, which can be taken without the need for any collateral. A major component in an unsecured loan is the creditworthiness of the borrower. This is determined by a credit score in most countries. Your general income amount at the time of borrowing and your assets can also play a huge factor in getting you that loan.

As you would expect, the rate of interest is generally higher on a loan without any collateral than a loan with one. This is to protect the bank (or another institution or lender) from the higher risk they will be undertaking by giving away a lump sum of money without any collateral.

The Entire Process of an Installment Loan

The application process for getting an Installment loan is pretty easy. You have to sign a form, or document, with the lender that states various specifications of the loan like its purpose, the down payment (if any), how long will the loan stay for, the interest rate, the schedule of the payments, the cycles of payments, and finally the amount you will need to pay at the end of every cycle for the duration of the loan.

Down payment can get the lender to decrease the rate of interest. If you do not wish to lower the interest rate, you can get the lender to spread the loan over a longer period of time, leading to lower cyclic payments.

The loan is generally considered paid when all the payments are met by the borrower at the required times. You can save some money on the interest by making payments earlier than scheduled. You may also accrue more interest should you not be able to make your payments on time. However, some lenders also include a prepayment clause in the documents that impose penalties on you for paying off their loans early. This is to get them some of the money back that they have otherwise lost out on interest.

Advantages of Installment Loans

Installment Loans Are Very Flexible

The major advantage of an Installment loan is its flexibility. The terms and specifics of the agreement can be altered to suit the desired needs of the borrower. These mostly include the total amount of the loan and the duration for which the money has been lent. In some cases, you can even manage to lower the interest rate.

Better than Credit Cards

The rate of interest for most Installment loans are really low. This means that the borrower can get some finances more easily. These rates are better than credit cards, which involve a kind of financing called revolving credit.

Disadvantages of Installment Loans

Change in Market Rates

When you take out a loan for a long term, there is a high chance that over the years, the rates of interest may fall during the term of the loan, resulting in you paying a higher rate of interest than the current market rate. There are often clauses in the document which you can use for refinancing the loan. Refinancing is a process that helps you revise the terms of a loan agreement. It is usually done to make changes that are favourable to them like the interest rate, the schedule of the payments, or any other terms. A new contact is drafted with the changes that have been agreed upon and sent to the borrower.

A Financial Obligation

There might be times in the future where you may be rendered incapable of meeting the cyclic payments. This will mean that you will default the loans and risk the forfeiture of your assets or any collateral which you may have utilized to get the loan.

To Conclude

Installment loans are fairly simple. They are even simpler when you compare them with other financial agreements in the world. If you take some time to judge your own credit score, assets, requirements, and figure out your requirements in terms of payment amounts and loan duration, you will be able to take out a loan with ease.

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KHTS FM 98.1 and AM 1220 is Santa Clarita’s only local radio station. KHTS mixes in a combination of news, traffic, sports, and features along with your favorite adult contemporary hits. Santa Clarita news and features are delivered throughout the day over our airwaves, on our website and through a variety of social media platforms. Our KHTS national award-winning daily news briefs are now read daily by 34,000+ residents. A vibrant member of the Santa Clarita community, the KHTS broadcast signal reaches all of the Santa Clarita Valley and parts of the high desert communities located in the Antelope Valley. The station streams its talk shows over the web, reaching a potentially worldwide audience. Follow @KHTSRadio on Facebook, Twitter, and Instagram.

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ASK THE MONEY LADY: What you need to know about protecting your credit score | Regional-Lifestyles | Lifestyles



Dear Greg,

Most people never want to share their social insurance number for fear of a hit to their credit bureau, but unfortunately, you may find it a necessity when asked by your lender, who now needs to ensure identity due to increased consumer fraud.

If you apply for credit at a bank, open a bank account or finance a vehicle, chances are you will need to disclose your social insurance number (SIN).

Many people still believe that they should never agree to an inquiry or give out their SIN number too many times to obtain credit. They think their credit will either become damaged or their credit bureau rating and score will go down. This is sometimes not true – so to help you out, Greg, I’m going to dispel all the myths and also let you know what the banks are looking for.

There are two major credit bureau companies that all financial institutions and merchants use today. They are Equifax and TransCanada Union – agencies that rank and provide an overall score to each person who uses credit.

The system for measuring hits to your credit score is indeed intuitive, meaning it measures and evaluates the type of merchant and inquiry. So, it knows if you are shopping around. If you have several inquiries from different banks because you are rate shopping for a mortgage, you will usually not see any decline in your score, (however, these inquiries must be contained within a 30-day period).

It’s the same thing when you are shopping for a vehicle – multiple hits to your credit bureau from car dealers will not alter the score if contained within 30 days.

But, on the other hand, if you are truly shopping and going to different stores, applying for multiple credit cards, personal and retail loans, or buying items on deferred payment plans, then yes, this will drop your score regardless of the 30-day limit.

Protect your credit

First and foremost, you want to protect your credit. This is the foundation of all lending and is the only way for lenders to judge your creditworthiness for the future. If you always pay your bills on time and have never declared bankruptcy, chances are you will have good credit.

But if you are the opposite, and your credit score is too low, you may find it very difficult to get future credit. Your credit bureau score can range from 300 to 900.

As a general guideline, banks and A-Lenders are looking for clients with scores above 680 and will generally automatically decline applications with scores under 600. Credit card companies are a little more lenient and will go down as low as 530, with auto declines for scores under 500.

Here are some tips to improve your credit and maintain a good rating:

1. Pay your bills two to three days before they are due. Paying them on the due date (especially through online banking) will make you one to two days late. This is recorded on your credit bureau and will definitely lower your score without you knowing it.

2. Do not carry balances on credit cards or personal loans month over month. This means your credit is revolving and will automatically drop your score.

3. Resist the urge to have a lot of open credit cards, even if they have zero balances.

4. You must have some credit. If you had previous bad credit and now are just using cash, you are essentially handcuffing your future. Without re-establishing good credit, the banks will decline you every time.

5. Property taxes and support payments in arrears can also drop your score once they are reported.

6. Mortgage and vehicle payments in arrears once reported (which usually happens after 60 days), are a major hit to your score. Please try to avoid this.

I have heard in the past that some merchants or banks do soft hits to your credit. Please do not get fooled by this. There is no such thing as a “soft hit” or a “hard hit” to your credit bureau. If they have your verbal consent, (even if they don’t have your SIN number) when they adjudicate a consumer credit request, they will hit your credit and it will adjust your score.

Good luck and best wishes,

Christine Ibbotson

Written by Christine Ibbotson, author of four finance books, including the Canadian best-selling book, “How to Retire Debt-Free & Wealthy.” Go to or send a question to i[email protected]


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Bad Credit Credit Cards – Bad Credit Credit Cards – ‘My refund has been sent to a credit card that I cancelled’ – your rights to lost money | Fintech Zoom | Fintech Zoom




Bad Credit Credit Cards – Bad Credit Credit Cards – ‘My refund has been sent to a credit card that I cancelled’ – your rights to lost money | Fintech Zoom

Bad Credit Credit Cards – ‘My refund has been sent to a credit card that I cancelled’ – your rights to lost money

Thanks to Covid, traders have been processing significant numbers of refunds due to events, such as holidays and weddings, being cancelled.

In many cases, these refunds have been sent back to the credit cards used to pay for the purchase – but this has caused a new problem to emerge in relation to card purchases.

When a trader provides a refund, it usually goes back via the same method as the original payment. So if you pay by credit card, the refund is sent back to that card.

However, many people have cancelled credit cards during the pandemic and have therefore found they cannot access the cash.

So what happens to your refund?

Will I get my money back?

If you’ve cancelled the card, the money will be sent to a holding account

The good news is that your refund is safe, as the money will simply be put into a holding ­account by the card provider.

The bad news is that it can take a long time to retrieve the money.

My advice, if you’re waiting for a refund for goods or services you paid for with a card you have now cancelled, tell the trader immediately and ask for the refund to be paid via an alternative method.

Get the latest money advice, news and help straight to your inbox – sign up at

Positive balance credit card accounts

When a refund is processed back to a card, it can create a positive balance on your account – usually when you have already paid the most recent card bill.

This potentially presents issues as credit cards are not designed to ‘hold’ money in the same way as a current or savings account.

For this reason, consumers are not encouraged to hold positive balances on a credit card.

If your card has a positive balance and you are likely to use it again soon, your next purchases will rectify the situation.

But if you are not planning to use your credit card again in the short-term, ask the card company to transfer the surplus to your ­current account. Do not withdraw the money via an ATM as this may attract fees.

Credit card cash withdrawals

Financial experts warn that you should not get money out from a credit card as it can have a major impact on your credit rating.

This is because there is a very high interest rate attached to withdrawals and companies will flag any withdrawals up, impacting a customer’s credit file.

Bad Credit Credit Cards – ‘My refund has been sent to a credit card that I cancelled’ – your rights to lost money

Bad Credit Credit Cards – Bad Credit Credit Cards – ‘My refund has been sent to a credit card that I cancelled’ – your rights to lost money | Fintech Zoom

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Workout My Credit Solutions Rises as an Authority in Credit Repair and Financial Education



Quality of life is impacted by numerous factors, and one of its most significant determinants is a person’s financial health. For the most part, financial stability involves the ability to provide for themselves or their family members without putting a significant dent in their wallets. As a concept, financial stability as well as financial freedom is easy to understand but achieving and maintaining it is a whole new story. Today, millions of individuals around the world are struggling with money issues, some of which are caused by the outbreak of COVID-19. However, there are those contending with bad credit, in particular, as a result of ill-informed decisions, mismanagement, and more. Widely acclaimed for the extent to which it helps clients get their credit into shape, Workout My Credit Solutions, LLC has emerged as a go-to venture that is currently making waves in the industry.

Also Read | Top 9 Upcoming Credit Repair Companies

This emerging powerhouse was launched by Nicole Fisher, a 25-year-old serial entrepreneur who has earned recognition for her all-out attitude toward lending people a hand through her initiatives. Highly cognizant of the impact of bad credit on one’s financial health, she started Workout My Credit Solutions in May 2020 and, since then, has been making it possible for clients to get approved for credit cards, mortgage loans, and auto loans, to name a few.

In just a year, the credit repair company has seen impressive growth, reaching remarkable heights due to its consistent delivery of top-notch services. Apart from restoring one’s credit into its former glory, Workout My Credit Solutions also delivers financial education because it believes in the importance of equipping clients with the knowledge they need to handle their money better. It acknowledges the existing gaps in the current educational system where ample attention is not given to arming people with the skills they need to secure a financially stable future. “Our goal is to help clients understand how credit works while they are in the process of getting it fixed,” shares Nicole Fisher.

Also Read | Top 9 Upcoming Credit Repair Companies

Additionally, Workout My Credit Solutions, under the leadership of Nicole Fisher, enables clients to get pre-approved mortgage loans after having their credit repaired by this five-star company. The additional service is strategically designed and incorporated into its inventory of offerings to translate into reality the dreams of those wishing to own a home.

On track to taking center stage, Workout My Credit Solutions has been on the receiving end of excellent reviews from everyone who has come under its wing. It takes pride in the long list of accomplishments it managed to snag under its belt shortly after its establishment and is set to reach the forefront of the industry in the coming years.

With its dedication to pushing people toward financial freedom, Workout My Credit Solutions is bound to remain an impressive force. As it carves a path toward the summit, it plans to continue serving as a leading authority in credit repair and financial education.

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