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When Can a Bank Take Money From Your Checking Account Without Your Permission?

The Motley Fool

Contrary to what you might think, a bank could legally withdraw money from your deposit accounts (like a checking or high-yield savings account ) if you've defaulted on one of its loan products, like a mortgage or car loan. Of course, you could also avoid this by keeping up with your loan and mortgage payments.

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What's the Most You Can Borrow With a Personal Loan?

The Motley Fool

Image source: The Motley Fool/Upsplash If you're taking out a personal loan and you need it to be a big one, you might be wondering what the maximum amount you can borrow is. Unfortunately, there's not one simple answer to that question because it depends on a few things, including your personal finances and the lender you pick.

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If You're Struggling to Make Mortgage Payments, This Is the Worst Thing You Can Do

The Motley Fool

If you're having trouble finding the money in your bank account to pay your home loan, you are definitely not alone. Don't do this if you are having a hard time with your mortgage If you are struggling to pay your home loan costs, the absolute worst thing that you can do is to try to hide the problem from your lender.

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Personal Loans Are Unsecured. Will There Be Any Consequences if You Become Delinquent?

The Motley Fool

Image source: Getty Images There's a reason so many people turn to personal loans when they need to borrow money. Personal loans are unsecured, so they're not tied to a particular asset. As such, you can use the proceeds of a personal loan for any purpose. Personal loans work differently.

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Auto Loan Delinquencies Rose in 2023. Here Are Some Major Consequences of Not Making Your Car Payments

The Motley Fool

That drove the cost of borrowing up across the board, from personal loans to home equity loans to auto loans. Not surprisingly, auto loan delinquencies rose 2.1% But falling behind on an auto loan could have serious consequences. But falling behind on an auto loan could have serious consequences.

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Struggling to Pay Back a Personal Loan? Here Are Four Options to Help Get You Back on Your Feet

The Motley Fool

Image source: Getty Images Personal loans are an excellent way to get quick cash to fund a big purchase or pay off debt. If you're finding yourself unable to make your personal loan payments, you're not alone. Here are four options to consider if you're struggling to pay back a personal loan.

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The 1 Situation When Going Into Credit Card Debt Makes Sense

The Motley Fool

If you need $2,000 to replace it so you can get to work and you have a card with a 0% promotional APR on purchases, you could charge that transmission rather than, say, taking out a personal loan for it. Image source: The Motley Fool/Unsplash Pretty much everyone has heard the advice that you should never carry a credit card balance.

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