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Private Debt

The Private Debt Project is an initiative of the Governor’s Woods Foundation committed to expanding the study of the relationship between private debt, economic growth, and financial stability.

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Personal Loans

What is a Personal Loan and How to Use it?

A personal loan is a long-term unsecured loan. A personal loan allows the borrower to get a large amount for an extended period. It usually has fixed interest rates and fixed monthly payments.

What Is a Cash Advance Loan?

What Is a Cash Advance Loan?

A cash advance loan is a high-risk short-term loan obtained to cover small expenses, such as home or car repair, medical bills, utilities, rent, or various unforeseen costs. As a rule, individuals apply for this financing option through online lenders, which help avoid dealing with a lot of documentation.  A cash advance loan online is typically repaid in one lump sum, including interest rates and extra fees, by the borrower’s next paycheck.


Mortgage. What is it, and How Does it Work?

A mortgage is a loan for buying real estate. This is a long-term loan in which the acquired property acts as collateral. When applying for a mortgage, the borrowers must ensure a high credit score and sufficient funds for the down payment.