Minh leverages decades of experience in marketing, sales management and technology to provide high-level advice and lead new initiatives. Minh has a Bachelor of Science in Business/Managerial Economics from University of California, Irvine School of Mortgage. He brings over 8 years of sales and executive management experience. Minh's responsibilities include customer service improvement; professional development, and carrying out communications and marketing. A Southern California native, he is a lover of dogs, hiking, and beaches.
What Is A Loan Maturity Date? (What Borrowers Need To Know)
Posted on May 29, 2024 by Minh Tong
When you’re borrowing money, understanding the concept of a loan maturity date is crucial. A loan maturity date marks the endpoint of a financial product’s term, indicating when the principal amount, along with any accrued interest, must be repaid in full. This date is specified in the loan agreement or...
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How To Get A Loan – Even If You’ve Been Denied In The Past!
Posted on Apr 29, 2024 by Minh Tong
Experiencing repeated rejections when applying for a loan can be frustrating and disheartening, but there is hope. If you have been denied access to a personal loan in the past, it’s crucial to recognize that you’re not alone in this situation, and there are actionable steps you can take to...
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What Is Collateral? A Comprehensive Guide
Posted on Mar 20, 2024 by Minh Tong
Using collateral could improve your chances of loan approval, but one should also be aware of the risks involved. In the realm of lending, the concept of “collateral” often emerges as a pivotal factor, influencing loan approval processes and terms. Whether you’re applying for a mortgage, car loan, or even...
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What Happens When You Default On A Loan? (What You Need To Know)
Posted on Feb 29, 2024 by Minh Tong
Not paying on a loan can result in loan default, bringing with it long-lasting negative financial consequences. When you enter into a loan agreement, you do so with the sincere intention of fulfilling your financial obligations. However, life can be unpredictable, and unforeseen circumstances may arise, making it challenging to...
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Simple Interest: What It Is, How It Works, And How To Calculate It
Posted on Feb 07, 2024 by Minh Tong
Whether you’re seeking a loan for yourself or extending a loan to a friend, comprehending simple interest can empower you to make informed financial decisions. If you’ve ever borrowed money or considered taking out a loan, you’ve likely come across the term “interest.” Understanding how interest functions begins with grasping...
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How To Get Approved For A Personal Loan To Consolidate Debt
Posted on Jan 16, 2024 by Minh Tong
To obtain approval for a personal loan, certain criteria must be met, and you may be just a step away from meeting these requirements. If you’re considering a personal loan to consolidate credit card debt, undertake a home improvement project, or fund another significant expense, you’ve probably wondered about your...
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How To Avoid Personal Loan Scams: A Comprehensive Guide
Posted on Dec 19, 2023 by Minh Tong
If you want to avoid a personal loan scam, watch out for these 8 warning signs. In 2021, consumers collectively lost nearly $5.8 billion to fraudulent practices, marking a staggering increase of over 70 percent from the previous year, as reported by the Federal Trade Commission. And consumers continued to...
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What Is An Installment Loan? (Everything You Need To Know)
Posted on Nov 30, 2023 by Minh Tong
An installment loan is a type of loan that allows you to borrow a fixed amount of money and pay it back over a set period of time through scheduled payments. If you’re facing financial difficulties, an installment loan can provide the necessary funds to help you get back on...
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Personal Loan Statistics (What Does The Data Say?)
Posted on Nov 08, 2023 by Minh Tong
The latest data as of 2023 indicates that a collective of $232 billion is owed by Americans via personal loans. Whether it’s the likelihood of getting approved or the average interest rate, it’s always important to understand the statistics surrounding personal loans. By knowing this data, potential borrowers like you...
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