Can Netspend cards be used internationally?

June 30, 2024 No Comments

A: NetSpend cards are prepaid debit cards that allow cardholders to make purchases as they would using traditional debit or credit cards. NetSpend cards can be used internationally, and they are accepted at any location that accepts a debit Visa or MasterCard. Using Your NetSpend

Can student loans be used to pay rent?

June 30, 2024 No Comments

A: Student loans can be used to pay for room and board, which includes on- and off-campus housing. So yes, students can use loans to pay monthly rent for apartments and other types of residences away from campus. The sooner a student knows she wants

Can student loans garnish your bank account?

June 30, 2024 No Comments

A: Lenders can garnish your bank account to recover student loan debt and they can do it in different ways depending on whether your student loans are federal or private. Here is what may occur if you default on your student loans. Federal Student Loans

Can student loans hurt your credit?

June 30, 2024 No Comments

A: Student loans can hurt your credit score only if you default on them. Otherwise, student loans can actually help your credit score when you make your monthly payments on time. Limiting the money you borrow for higher education to an amount you can easily

Can the Best Buy credit card be used anywhere?

June 30, 2024 No Comments

A: The Best Buy credit card can only be used in Best Buy stores and when making purchases online through the Best Buy website. Outside of Best Buy, the card is not accepted, since it is not associated with any major financial card networks such

Are all mortgage backed securities (MBS) also collateralized debt obligations (CDO)?

June 30, 2024 No Comments

A: Mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) are different concepts with frequent overlap between them. MBS are investments that are repackaged by small regional banks as a means of funding mortgages by reselling them as securities through investment markets. CDO investments are typically

Are balance transfers worth it?

June 30, 2024 No Comments

A: When it comes to credit card debt, balance transfers are worth it if one measure is met: If the balance being transferred has an annual percentage rate (APR) that is lower than its current APR. This is interest rate that is charged on the

Are direct consolidation loans subsidized?

June 30, 2024 No Comments

A: When college students leave school, they can borrow a Direct Consolidation Loan to combine various federal student loans taken out while in school into one loan and make one low monthly payment. Direct Consolidation Loans are not subsidized, meaning the government does not pay

Are personal loans bad for your credit score?

June 30, 2024 No Comments

A: Taking out a personal loan is not bad for your credit score in and of itself. However, there are several factors that come with taking out a new loan that could affect your overall credit score. What Factors Into Your Credit Score To understand

Are Sallie Mae loans considered federal loans?

June 30, 2024 No Comments

A: SLM Corporation (SLM), more commonly known as Sallie Mae, is a public corporation and a private-sector lender, so its direct loans are not federal loans. Basically, federal student loans consist of funds that are provided by the U.S. government, while private student loans come

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