The creator of the popular series based on the Karate Kid films confirms that writers wanted to go out on their terms.
Cobra Kai has been renewed for season 6 over at Netflix, and while the series found an amazing longevity, the sixth season is touted as the final outing for the kids of the All-Valley Tournaments. As Netflix joins the other streaming platforms in canceling shows, Cobra Kai is not one they wanted to pull the plug on. Instead, series creator and showrunner, Jon Hurwitz has stated on his Twitter that it was the creative team’s decision to make this upcoming season the finale and not Netflix.
On Twitter, a fan asked Hurwitz what his reaction was when Netflix told them it was going to be the last season. Hurwitz replied to the the fan, saying, “Netflix didn’t tell us it was the last season. We told them it was the last season. We’ve always wanted to end Cobra Kai on our own terms and we are grateful we have the opportunity to do so. But that doesn’t mean we’re finished with the Miyagiverse. We love this world. #CobraKai”
The show had gained a giant fan base after a somewhat rocky start, due to an experimental premium streaming add-on to YouTube called YouTube Red. This premium service granted subscribers the chance to watch original content, and Cobra Kai was one of the premiere titles back in 2018. The show migrated onto Netflix and exploded in popularity.
The series has been able to explore multiple aspects of the original Karate Kid trilogy, including the critically-panned third film, as that film’s villain, Terry Silver, became a two-season antagonist for the Miyagi-Do and Eagle Fang dojos. The last season seemingly ended with a soft conclusion as the dojos engaged in an epic battle royal, relationships had found peace, Silver was exposed and arrested, and John Kreese had escaped prison. However, it had all also built to a tournament meant to eclipse the All-Valley — the Sekai-Taikai.
The only element from the Miyagiverse yet to make an appearance is the much maligned fourth entry, The Next Karate Kid, which starred Oscar-winner Hilary Swank as another student of Mr. Miyagi‘s. Fans of the original Karate Kid films don’t look back on that one with any sort of admiration, however, the revelation that Miyagi had another student is just the cliffhanger an episode of Cobra Kai would end on as it cuts to that cobra logo.
The Last Voyage of the Demeter cast member David Dastmalchian says the Universal Dracula movie will scare the crap out of people
The horror comedy Renfield isn’t the only Dracula movie Universal Pictures will be releasing this year. Completely unrelated to Renfield (so don’t expect Nicolas Cage to show up in it) is their August 11th theatrical release The Last Voyage of the Demeter, which is based on a single chapter, the Captain’s Log, from Bram Stoker’s 1897 novel Dracula. Directed by André Øvredal, The Last Voyage of the Demeter stars (according to The Hollywood Reporter) “Corey Hawkins as a doctor aboard the Demeter, Aisling Franciosi as an unwitting stowaway, Liam Cunningham as the ship’s captain, and David Dastmalchian as the Demeter’s first mate. The ensemble cast includes Jon Jon Briones, Stefan Kapicic, Nikolai Nikolaeff, and Javier Botet.” And during a recent interview with Collider, cast member Dastmalchian promised the movie is going to “scare the crap out of people”.
Dastmalchian said, “Horror is (André Øvredal’s) backbone and he is a true monster kid. He has this deep love and affinity for Bram Stoker’s Dracula, as do I. His knowledge of the book and his passion for the characters is so beautiful, and he’s got this really intense and unique vision and a way of telling stories that is so outside of the box. So anyone who’s familiar with his works like Trollhunter, Scary Stories to Tell in the Dark, The Autopsy of Jane Doe, you go, ‘Well, this guy never takes a little swing. He takes a big swing.’ He took a huge swing with this film. I think it’s gonna scare the crap out of people, but it’s also gonna be one of those movie experiences that transports you to this other place.“
He added that he was excited to work on The Last Voyage of the Demeter because it gave him the chance to play “a character I’ve never gotten to play and it’s in a story that is one of my favorite chapters of one of my favorite books of all time.“
Escaping development hell twenty years after the script was first written (Bragi F. Schut, Stefan Ruzowitzky, and Zak Olkewicz all receive writing credits on the finished film), The Last Voyage of the Demeter tells the story of the Russian schooner, Demeter, which was chartered to carry private cargo – twenty-four unmarked wooden crates – from Carpathia to London. The film will detail the strange events that befell the doomed crew as they attempt to survive the ocean voyage, stalked each night by a terrifying presence onboard the ship. When it finally arrived near Whitby Harbour, it was a derelict. There was no trace of the crew.
Our own Chris Bumbray had the chance to see some footage from The Last Voyage of the Demeter at CinemaCon last year, and he said the movie looks epic, gory, and classy.
Are you interested in watching The Last Voyage of the Demeter? Let us know by leaving a comment below. I’m really looking forward to seeing the movie.
NEW YORK, March 1, 2023 (Newswire.com)
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iQuanti: Finances can be complicated, but getting them organized doesn't have to be stressful. With a bit of knowledge and effort, managing your money can become much more straightforward. Whether you're trying to tackle debt or figuring out how to reach your next financial goal, here are some tips to get you started:
Determine how much money you have coming in: Before you start making a plan to save money and reach your financial goals, figure out how much you make. Take a look at your pay stubs or bank statements to get a clear picture of your income. Once you know what you make after taxes, you can figure out how much you have to work with.
Figure out how much debt you're in: In addition to knowing how much you make, it's important to know exactly how much debt you have and what your total monthly payments look like. Do you have student debt? Credit card debt? A mortgage? Tally up everything to get an accurate picture of what you owe overall and what you pay each month.
Set up a budget: Now that you know how much money you have coming in and what your debt looks like, it's time to create a budget. This will help you figure out where your money is going each month and identify areas where you can cut back or save more. Make sure to account for all your expenses, from fixed costs such as rent or groceries to variable costs like entertainment and eating out.
Automate your finances where possible: Automating your finances can help you stay on top of things and keep your budget in check. Set up automatic payments for bills, set up recurring transfers for savings and investments, or use budgeting apps to track your spending. This can help you stay organized and on top of your finances.
Build an emergency fund if you don't have one: Having an emergency fund can help you if anything unexpected comes up, like a job loss or medical issue. Start by setting aside a little bit of money each month and gradually increase your savings.
Set financial goals: Having clear goals to work towards can help you stay motivated and on track with your finances. A goal can be as simple as saving a certain amount each month or something more complex like paying off a certain amount of debt. It may be something that can help you in the long term—maybe you want to save for a down payment or invest for a goal like retirement. An often overlooked part of reaching your financial goals would be to consider adding a whole life insurance policy or other type of permanent life insurance. Whatever your goals are, make sure they are realistic and achievable so you can stay motivated.
Make room for the fun stuff: Managing your finances doesn't have to be all about cutting costs and saving money. Make sure you budget for things that bring you joy, like hobbies or travel. This will help you stay motivated and make sure that your finances are not just a source of stress.
Consider working with a professional: If you are overwhelmed or are just unsure how to set and achieve financial goals, consider working with a professional. A financial advisor can help determine the best way to get on track and work toward your goals, whatever they may be.
HOUSTON, March 1, 2023 (Newswire.com)
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Refugee Services of Texas has received a donation of 10 Baby Lock Sewing Machines, private sewing classes and notions from B-Sew Inn Sewing and Software Center, a valued customer of Tacony Corporation.
The donation from B-Sew Inn will be utilized for sewing classes and as donations directly to clients. Sewing machines will provide the clients with a creative outlet and help them gain financial stability. The women served especially benefit from access to sewing machines because they can work from home as tailors to support their families.
"We are deeply grateful for their support and generosity, which will help us continue our mission to provide compassionate and quality support services to refugees and other vulnerable populations. We are excited to put this contribution to work and make a difference in the lives of the people we serve." Jennifer Linscomb, Area Director for Refugee Services of Texas.
Refugee Services of Texas has been providing support to those in need across Texas for over 40 years. They are dedicated to serving refugees, asylees, survivors of human trafficking, and other vulnerable populations and strive to make a positive impact in the community. For more information about Refugee Services of Texas and how you can support their work, please visit www.rstx.org.
"We are so pleased to support this important organization and their mission to support those in need in the Houston community." Mary Hess, Owner B-Sew Inn.
B-Sew Inn is the world's largest Baby Lock retailer with six locations across Oklahoma, Missouri, Arkansas, and the newest location outside of Houston in Humble, TX. B-Sew Inn offers superior education and service to all customers, along with incredible products, including Baby Lock Sewing Machines, Koala Sewing Furniture, and a variety of sewing essentials. For more information about B-Sew Inn, visit www.bsewinn.com
Baby Lock USA and Canada is brought to you by Tacony Corporation. To learn more about Baby Lock and Tacony, visit www.tacony.com.
Contact Information:
Emily Dameron
Director of Marketing, Sewing & Home Floor Care - Tacony Corporation
636-349-3000
Healthcare Real Estate Insights™ awards NexCore Group the 2022 HREI Insights Award for their Doctors' Pavilion at HCA North Cypress Campus development.
DENVER, March 1, 2023 (Newswire.com)
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NexCore Group was selected as the recipient of the 2022 Healthcare Real Estate Insights™ (HREI) 2022 Insights Award for Best New Medical Office Buildings and Other Outpatient Facilities (100,000 square feet or more). The Denver-based healthcare, life sciences, and senior living real estate developer accepted this national award on March 1, 2023, at the Revista Medical Real Estate Investment Forum in Bonita Springs, Florida.
Established in 2013, the HREI Insights Awards™ is the first and only national award dedicated to recognizing excellence in healthcare real estate development and leadership. With the addition of the 2022 Insights award, NexCore's projects and professionals have now been named Finalists 24 times and Winners seven times.
NexCore received the 2022 HREI Insights award for their Doctors' Pavilion at HCA North Cypress Campus development, a four-story, multispecialty physician office building spanning 112,505 square feet. This state-of-the-art healthcare facility was developed as a real estate joint venture between NexCore and physicians in the Houston area; NexCore's collaborative development approach with HCA Healthcare and physicians provided a partnership that focused on patients' quality of care while also aligning the interests of the physicians who wanted to have genuine ownership of the real estate alongside NexCore.
"On-campus healthcare real estate is complex, and there are many stakeholders," said Jim Hartmann, Senior Vice President of NexCore Group. "Our entrepreneurial approach in customizing a real estate ownership structure that meets the expectations of our physician investors is truly a win-win for the hospital, physicians, and our investment in these projects."
Located just outside Houston, the Doctors' Pavilion at HCA North Cypress Campus is a comprehensive healthcare destination that includes physician office space and an outpatient ambulatory surgery center. This coordinated care model improves the efficiency, quality, and convenience of care in one facility.
NexCore Group has demonstrated long-standing success and industry expertise in healthcare real estate development. Todd Varney, Chief Development Officer of NexCore Group said, "NexCore is thrilled to accept this award and remains committed to providing state-of-the-art developments to enhance outcomes for everyone involved. Congrats to our team, our physician partners, and HCA for making this possible."
About Doctors' Pavilion at HCA North Cypress Campus:
Winner of the "Best New Development, MOBs and Other Outpatient Facilities, More than 100,000 Square Feet" award, the Doctors' Pavilion at HCA North Cypress Campus is a four-story, 112,505 square foot multispecialty Medical Office Building (MOB) located in the North Cypress suburb of Houston, TX. North Cypress Land Ventures selected NexCore to develop a MOB with an ambulatory surgery center (ASC). The goal was to provide patients easy access to top-quality healthcare with multiple, diverse services under one roof. To execute this vision, NexCore led a lean design initiative, studied patient/provider experiences and best practices, and developed initiatives that increased efficiencies and created a more positive patient experience.
The completed development enabled physicians and surgeons to be housed in the same place, allowing for a more streamlined patient experience. Additionally, the collaborative partnership between NexCore and Houston-based physicians gave providers more control over the quality of patient care. The development also shortened commute times for physicians and surgeons while alleviating previous parking constraints using a ticket validation system.
The Doctors' Pavilion at HCA North Cypress Campus was joined by two additional NexCore projects selected as 2022 HREI finalists: — Beaumont Outpatient Campus - Livonia — The Gallery at Port Orange
NexCore Group LLC
NexCore Group LLC is a national healthcare real estate investment and development company that focuses on acquiring, developing, owning, and managing purpose-built facilities for healthcare, senior living, and science and technology. Since its founding in 2004, NexCore has successfully completed over $5.5 billion in real estate transactions throughout 25 states, developed and acquired over 15.2 million square feet of healthcare, science, and senior living communities, and currently manages over $3.3 billion in assets spanning 7.6 million square feet. NexCore is headquartered in Denver, with regional offices in Bethesda, Charlotte, Dallas, Detroit, Houston, Indianapolis, Los Angeles, Orlando, Phoenix, and Seattle.
Healthcare Real Estate Insights™ and the HREI Insights Awards
Founded in 2003, Healthcare Real Estate Insights (HREI) is the nation's first and only print and digital media organization entirely devoted to covering healthcare real estate (HRE) development, financing, and investment. The HREI Insights Awards began in 2003 and are the first and only national awards dedicated to recognizing excellence in healthcare real estate development and executive leadership. The 2022 HREI Insights Awards winners were announced on March 1, 2023, at the Revista Medical Real Estate Investment Forum at the Hyatt Regency Coconut Point in Bonita Springs, FL. For more information on the awards, please visit HREInsights.com.
Contact Information:
Kirstin Barbour [email protected]
303-501-6713 Related Images
Alan Ruck and Felissa Rose have joined director/star Sean Whalen in Crust, a horror film about a sock monster
Prolific character actor Sean Whalen may be best known for playing Roach in Wes Craven’s The People Under the Stairs, but he has over 140 other screen acting credits to his name as of today, and now he’s set to make his feature directorial debut with a horror movie called Crust… a strange tale that involves a sock monster. Whalen has reserved the lead role for himself, but Deadline reports that he’s also building up a strong supporting cast. Succession‘s Alan Ruck (who may still be best known for playing Cameron in Ferris Bueller’s Day Off) and genre regular Felissa Rose (Sleepaway Camp) have joined the cast, which also includes Daniel Roebuck (Rob Zombie’s The Munsters), Rebekah Kennedy (Two Witches), Shawntay Dalon (Detroiters), Ricky Dean Logan (Freddy’s Dead: The Final Nightmare) and Daniel John Kearney (Dark Circles).
Details on most of the characters are being kept under wraps, but we do know that Ruck will be playing Randy Roberts, “a cocky former child star who is spearheading a reboot of his childhood shows.”
Whalen has worked with most of his cast members before. He and Ruck previously worked together on Twister and an episode of Spin City. Whalen and Rose have done several movies together, including Death House. He and Roebuck were both in Rob Zombie’s Halloween II and 3 from Hell, as well as episodes of Lost and Nash Bridges. His shared credit with Kennedy: 2015’s Street Level. With Dalon: Finding Nicole. Somehow, Whalen hasn’t been on the same set with Logan or Kearney before.
Whalen wrote the screenplay for Crust with Jim Wald, crafting the story of a lonely laundromat owner, Vegas Winters (Whalen), who keeps the leftover socks from customers and uses them to clean himself. When he gets abused and weeps into the pile of socks, it turns into a creature who seeks revenge on Vegas’ enemies.
Whalen, Rose, Logan, and Kearney are producing Crust, with filming scheduled to begin in Los Angeles in April.
Even if Crust didn’t have such an interesting cast, I would want to see the movie just because it’s about a guy who washes himself with people’s socks and then creates a sock monster.
How does Crust sound to you? Let us know by leaving a comment below.
Leading orthopedic bracing company chooses HealthMe eCommerce solution to increase patient access to cold therapy products
NAPLES, Fla., March 1, 2023 (Newswire.com)
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HealthMe (https://healthmedocs.com) and Breg, Inc., an orthopedic bracing and billing company, announced today the launch of a direct-pay eCommerce engine that will enable orthopedic providers to easily capture patient payments for the company's line of cold therapy devices. Breg selected HealthMe, the market leader in orthopedic direct-pay solutions, to power the eCommerce engine.
The new partnership signals the increasing importance of providing patients with a consumer-centric digital shopping experience. Breg seeks to transform the decades-old purchase process from a manual, paper-based method to a streamlined and automated experience. This will help ensure that patients receive vital rehabilitation and recovery equipment quickly and securely, while improving efficiency for medical practice staff.
Additionally, streamlining the process will increase patient access to cold therapy modalities, particularly Breg's Polar Care Wave™ cold and compression system. Clinical studies demonstrate that the combination of cold therapy and compression results in improved pain relief and a greater likelihood of reducing narcotic use than cold therapy alone1.
"Our mission is to create customized, interconnected commerce programs that fit the needs of each individual patient and physician. By partnering with HealthMe, we are creating remarkably easy solutions that give valuable time back to providers and patients, enabling them to focus on what is most important -- healing and recovery," said Breg CEO Kevin Hobert.
"We are honored to partner with Breg to help usher in innovations in eCommerce and digital health payment solutions," said Michael Havig, MD, CEO, HealthMe. "We are completely aligned with Breg's mission, which emphasizes getting the right rehabilitation equipment to patients with a streamlined workflow, giving physicians and their staff more time to care for their patients, instead of doing unnecessary paperwork. Our combined proficiencies have helped create the standard for a consumer-friendly digital payment experience. This agreement represents the continuation of HealthMe's ongoing market share expansion with many leading independent orthopedic practices and clinics."
Price transparency experts and transformers of the patient payment experience, HealthMe™ (https://healthmedocs.com) delivers an online platform that gives medical groups and practices a simple and proven solution to serve the growing population of direct-pay patients and health consumers. Founded and developed by doctors, HealthMe's revenue accelerator platform combines the best features of a consumer-friendly online marketplace with the security of a specialized healthcare payment processing solution. With validated success in automating the process of Good Faith Estimates (GFEs), HealthMe is the first company to provide GFEs in 11 languages. HealthMe helps patients find the best healthcare options while saving money on their care while streamlining the administrative process for overburdened staff.
About Breg
Breg makes orthopedic bracing and devices, but more than that, the company makes durable medical equipment dispensement easier for customers every step of the way, from hurt to healthy. Breg is committed to supporting practitioners through comprehensive partnerships, supporting patients with high-quality products and services, and delivering seamless support to facilities navigating the complexities of modern healthcare.
Breg provides products to millions of patients annually. Founded in 1989, the company is based in Carlsbad, Calif., and is a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. Visit www.breg.com.
NEW YORK, March 1, 2023 (Newswire.com)
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iQuanti: Putting things in the proper perspective can be liberating. Debt is an excellent example of this. As you sit down with your loan payment calculator, wondering how you got here, it would be helpful to know that you're not alone. According to Experian, the average American carries $96,371 in debt.
Of course, knowing those statistics won't help you make that next loan payment. The cost of living is rising, so making ends meet is becoming more challenging. Our goal in this article is to provide you with some tips on how to get loan payments out on time. Check out the list below to see what we came up with.
1. Review your budget
It's time to tighten the belt a bit regarding your finances. Review your monthly budget to look for unnecessary expenses you can cut back on. This will help you find the extra money to put toward making your loan payments on time. Additional expenses you may want to cut back on include eating takeout, unnecessary shopping, monthly subscriptions, or gym memberships.
2. Make a list of all your bills
Compile a list of all your bills with their due dates and incorporate them into a weekly or monthly budget. This will help you avoid difficult choices like paying your utility expenses versus making a loan payment. Having a list of your monthly bills will also help you visualize exactly where your money goes each time you get paid.
3. Pay bills with autopay
Creating a solid budget and calendaring your bill payment obligations are the necessary prerequisites for this step. Once those are in place, put your bill payments on autopay. This will ensure that loan payments go out on time. Just make sure there's always enough in your bank account to cover them when payments are sent out by your bank.
4. Build a reserve fund
You may have heard the suggestion to have a buffer of a few months' worth of funds to cover bill payments, but you don't know where the money will come from. It's okay to start small, whether it's $10 or $100 each paycheck. Save over time and let the reserve fund build until you reach your goal. It all starts with the first deposit into the fund.
5. Reduce credit card debt
High-interest credit card debt is a problem plaguing many Americans. In addition to avoiding credit card use, consider consolidating multiple high-interest credit card balances into one lower interest personal loan. That could give you a good way to create more bandwidth to pay other bills. It could also help alleviate some of the pressure you're feeling from the rising cost of consumer goods and services.
6. Negotiate with your lenders
Missing a payment because you think there are no other options will lower your credit score and make it more difficult to get new credit in the future. Contacting your lenders to negotiate a lower interest rate or refinance the debt is a better option. If you're having trouble paying the bill, make the call.
The Bottom Line
Times are tough. A fill-up at the gas pump and a trip to the grocery store can make it more challenging to keep up with, but you're not powerless. Tighten your budget, organize your bills, put payments on autopay, and start building a reserve fund. If you have high-interest credit card debt, try to eliminate it. When all else fails, call your lender. Rather than see borrowers default, many creditors are willing to negotiate better terms.
NEW YORK, March 1, 2023 (Newswire.com)
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iQuanti: The average repayment term for a personal loan can range from 12 to 60 months. A lot can happen in that time. Just look back on the past five years. If you sat down with a loan payment calendar to budget a loan in 2019, you would have had no idea there would be a global pandemic in 2020. That's a reminder that anything can happen.
Many lenders may be willing to negotiate new loan payment terms if you can prove you're experiencing financial hardship. The global pandemic precipitated job losses and the death of family breadwinners and resulted in threats of eviction or foreclosure. Lender solutions to such catastrophic events affecting the general population or an individual can include lowering the interest rate, extending the loan term, granting a deferment, or even forgiving a loan under special circumstances.
Asking for a lower interest rate on the loan
A strong payment history builds trust with a lender. Borrowers making regular payments on established loans may be eligible to get an interest rate reduction. Regular on-time payments should increase the borrower's credit score over time. Higher scores translate into lower interest rates. Consider asking about this if you're several months into a loan agreement.
Another reason a lender may agree to a lower interest rate is if the federal funds rate has gone down. Unfortunately, that's not what's happening right now. To contain rising inflation, the United States Federal Reserve has been raising interest rates steadily since early 2022. That makes it more difficult to negotiate a lower rate, but anything is possible. Call your lender for more clarity on this.
Extending the term of the loan
Borrowers who took out a loan in 2021 received better rates than those offered in 2022. That's a good reason to extend the term of a loan now rather than trying to refinance it. Turning a three-year loan into a five-year loan will lower your monthly installment payments. You'll pay more in total interest, but the interest rate won't change.
You can also extend the term by asking for a payment deferment. The lender could take this month's payment request and add it to the end of the loan, extending the term by one month. This is a temporary relief strategy. While you may have a month off, your regular payments will resume the following month.
Loan forbearance versus loan forgiveness
There's a difference between loan forbearance and loan forgiveness. With forbearance, one or more payment obligations can be frozen until the borrower gets through their period of financial difficulty. Forgiveness is a complete elimination of the loan, relieving the borrower of paying it. You won't be completely off the hook, though. The Internal Revenue Service requires that taxes be paid on the amount forgiven.
The Bottom Line
You don't have to be stuck with your loan payment. It's not a pleasant feeling to be burdened with payment obligations you know you can't meet. Negotiating your loan payment is one way to address that, or you could ask for a lower interest rate or extend the loan term. You may even find yourself in a position where it's appropriate to ask for loan forbearance or forgiveness. Remember, given the state of the economy, you're likely not the only borrower in this position, and the lender may be willing to work with borrowers like you.
NEW YORK, March 1, 2023 (Newswire.com)
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iQuanti: There are options when it comes to getting a personal loan. To begin with, many banks, credit unions, and online lenders offer loans to applicants with different income levels and credit scores. Lenders offer different personal loans to choose from: secured and unsecured.
Borrowers who understand the differences between these two types of loans are better equipped to make the best decision for their financial situation. One type of loan is not superior or inferior. They both offer specific advantages that might better suit the borrower's needs at the time.
Keep reading to learn more about secured and unsecured loans and how to choose between the two.
What is a secured loan?
If you recently got financing for purchasing a car or truck, you took out a secured loan. The vehicle is pledged as the security to guarantee the lender that the loan will be repaid. This pledged security is also known as collateral. If you encounter these phrases during the loan application process, the lender is talking about a secured loan. Remember, the lender requires eligible collateral. Specifically, the lender may have eligibility requirements such as the age and condition of the collateral and proof of insurance.
Vehicle loans are just one example of a secured loan. Borrowers can use precious artwork, appraised jewelry, and sometimes even parts of a stock portfolio as collateral to guarantee a secured loan. Another common example of a secured loan is a home mortgage. In this instance, the home is the collateral. If a borrower is considering a second mortgage or a home equity line of credit, i.e., a HELOC, the equity in the home is the basis for valuing the collateral.
What is an unsecured loan?
The chief difference between secured and unsecured loan is the need for collateral. With an unsecured loan, there is no need for collateral. The lender's approval for the loan is based on evaluating the applicant's credit score and past payment history with other credit accounts. The lender will also want the applicant to confirm income and proof of identity.
Typical unsecured personal loan types are credit cards, student loans, and installment loans. Credit cards typically have high-interest rates on revolving balances, so it's best to pay them off quickly. Student loans and unsecured installment loans have fixed interest rates with monthly payments scheduled to be paid over a predetermined term.
How do you choose the right loan?
Loans for new vehicles are almost always secured, so there really isn't a choice there. When purchasing a used vehicle, a consumer may prefer an unsecured personal loan and then use the cash to pay for the car. For some, that's a good strategy because by arranging to borrow more than the cost of the vehicle, there can be extra money for accessories and gas.
Personal loans obtained for debt consolidation or to pay for emergency expenses are typically unsecured. For consumers with large amounts of credit card debt, an unsecured debt consolidation loan might be a good way to lower interest payments and get out of debt faster. While unsecured loans don't require collateral and mean less risk to the borrower, there is more risk for the lender, and that can affect the terms associated with the loan that is offered.
Secured loans may come with more options, like offering lower payments, lower interest rates, or permitting the borrower to get enough funds to pay off the debt and still have some cash left over.
The Bottom Line
Whether you choose a secured or unsecured loan, deciding what works best with your personal finances and credit history is entirely up to you. Having a better understanding of the differences between the two kinds of loans will make the decision much easier. So, ask as many questions as you need to and complete thorough research before you move forward with your decision.
