MoneyLend promotes improved financial literacy with new Consumer Insight series

SEATTLE - Aug. 12, 2015 - PRLog -- MoneyLend.net, a top tier search engine for personal, peer-to-peer and payday loans, is advancing its leadership position in financial literacy and consumer lending with the launch of its new Consumer Insight (http://www.moneylend.net/insights/insight201508.pdf) series. The startup, recently mentioned in The Street (http://www.thestreet.com/story/13241616/1/pay-day-loan-firms-are-ok-for-us-consumers-within-certain-limits.html), Huffington Post (http://www.huffingtonpost.com/gobankingrates/37-ways-dads-can-make-and_b_7589938.html), and MSN Money (http://www.msn.com/en-us/news/other/pay-day-loan-firms-are-ok-for-us-consumers-%E2%80%93-within-certain-limits/ar-BBlmdxH), offers expert guidance on financial products.

The latest thought leadership from MoneyLend focuses on a potential Federal Reserve interest rate hike. The Fed, which has held the federal funds interest rate at 0 to 0.25 percent, said in late July that as the economy continues to recover, a long-anticipated rate hike becomes more likely. That’s a development that the Federal Open Market Committee will consider with some additional improvements in the labor market, and an inflation rate in the two percent range.

But what does that mean for consumers? “If interest rates rise next year, there are some real implications for borrowing money,” said Dan Blacharski, spokesman for MoneyLend.net (http://www.moneylend.net/). “It’s important to remember that these are gradual changes, and that most experts think rates will stay below historic averages for a while. But it may be time to apply now for that credit card with a low teaser rate, before the great promotions and introductory offers start to disappear.”

That’s a likely development as financial markets continue to make adjustments. Other scenarios include rate hikes on ARMs and other variable-rate products, which makes this an attractive time to pay down those loans – or switch to other options. If you’re planning on getting a mortgage, now may be a good time to take advantage of still-low rates. And those with less-than-perfect credit histories may find more options available with an uptick in interest rates.

Savers, too, clearly welcome the news that the nation’s economic recovery is at last leading to higher interest rates, Blacharski said. MoneyLend has connected with many customers whose “safe” investment products have underperformed since the housing market collapse of 2007 and subsequent recession, and retirees in particular stand to benefit from higher interest rates.

The Consumer Insights series from MoneyLend is designed to provide financial expertise to consumers who want to improve their financial literacy and better understand consumer credit use, available loan options and more. At Moneylend, the online service has partnered with dozens of the most reputable lenders in the industry, presenting consumers with an easy way to find lenders in each state. A simple interface presents consumers with detailed information on each lender, including fees, types of loans available, maximum amounts, and other details, allowing consumers to make easy comparisons and find the best choice for a consumer loan.

“MoneyLend makes it possible for clients to understand their money, and to select the best options for every type of consumer loan, including P2P lending companies,” said Blacharski, underscoring the breadth of loan types and alternative credit products in the MoneyLend mix. “When we see lenders ready to lend again, and consumers looking for loans in full force, we want to make sure they have an informed perspective as well as the opportunities they need.”

Founded by a team of long-time dotcom entrepreneurs with a history in financial services, MoneyLend.net is designed to connect loan consumers with reputable and qualified lenders, affordable loan products – and all while providing trustworthy information and expertise.

For more information, visit the MoneyLend website at http://www.moneylend.net.