Loan application

Lying on a personal loan application is a bad idea

Lying on a loan application might seem harmless at first — after all, a lender might not even verify your inflated income claim or current employment status. However, intentionally lying on a personal loan application is considered fraud, and it can have real consequences. Below, we’ll explain how lenders check the information you submit with […]

Loan application

Paycheck Protection Program to offer exclusive Covid-19 loan application window to smaller businesses

WASHINGTON — President Biden on Monday announced changes to the federal government’s flagship coronavirus program for small businesses, with the goal of improving access for very small businesses and those owned by minorities or located in low-income communities. underserved communities. As part of the changes, the Small Business Administration will accept Paycheck Protection Program applications […]

Loan interest

Is interest on student loans tax deductible?

If you are currently paying off student loan debt, you may be eligible for the student loan interest deduction. This higher deduction allows you to withdraw up to $2,500 from your taxable income. (iStock) If you took out student loans to pay for your college education, you may be eligible for the student loan interest […]