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David Chen

Editor, Consumer Credit

David covers personal loans, installment lending and credit scoring for VeloraLend. His work centres on how underwriting actually works — what lenders look at, what the fees really cost, and where borrowers most often get caught out.

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Articles by David Chen (25)

Mortgage

US Mortgage Rates Forecast: When Will Rates Drop?

Explore the latest predictions for US mortgage rates. Understand how the Federal Reserve affects your home buying power.

Mortgage Refinance

How to Refinance Your Mortgage: A Step-by-Step US Guide

Lower your monthly payments by refinancing your mortgage. Discover the costs, benefits, and steps to refinance in the US.

Mortgage

How to Get Pre-Approved for a Mortgage Fast

Pre-approval is crucial in the competitive US housing market. Learn the documents needed and steps to get pre-approved quickly.

Mortgage

Reverse Mortgages: Pros, Cons, and How They Work

Seniors can tap into home equity with a reverse mortgage. Understand the costs, risks, and benefits for US retirees.

Mortgage

Financing an Investment Property: US Real Estate Guide

Learn how to secure a mortgage for a rental property or fix-and-flip, including higher down payment and credit requirements.

Personal Loans

Using Personal Loans for Debt Consolidation in 2024

Struggling with high credit card APRs? Learn how to use a personal loan to consolidate debt and lower your monthly payments.

Bad Credit Loans

How to Get a Personal Loan with Bad Credit in 2024

Having a low FICO score makes borrowing hard, but not impossible. Explore bad credit personal loan options and avoid scams.

Installment Loans

What is an Installment Loan? Types, Pros, and Cons

From auto loans to personal loans, learn how installment loans work and how they impact your US credit score.

Personal Loans

How to Get a Personal Loan with a Co-Signer

If you have bad credit, a co-signer can help. Learn the risks, benefits, and how co-signing impacts both parties' credit.

Personal Loans

Personal Line of Credit vs. Personal Loan: Which is Best?

Need flexible borrowing? Learn the difference between a lump-sum personal loan and a revolving personal line of credit.

Auto Loan Refinance

How to Refinance Your Auto Loan and Save Money

Stuck with a high-interest car loan? Discover the step-by-step process of auto loan refinancing to lower your monthly payments.

Auto Loans

What is GAP Insurance and Do You Need It?

Learn how Guaranteed Asset Protection (GAP) insurance works and when it's essential for your US auto loan.

Auto Loans

Why You Must Get Pre-Approved Before Visiting a Dealership

Pre-approval gives you negotiating power. Learn how to get an auto loan pre-approval before stepping onto the lot.

Auto Loans

Should You Pay Off Your Car Loan Early?

Explore the pros and cons of paying off your auto loan ahead of schedule, including the impact on your credit score.

SBA Loans

SBA 504 Loans: Financing Commercial Real Estate

Looking to buy a building or heavy equipment? Learn how the SBA 504 loan program offers long-term, fixed-rate financing.

Business Loans

Small Business Loans for Owners with Bad Credit

Can you fund a business with a low personal FICO score? Learn about alternative lenders and merchant cash advances.

Business Loans

How to Build Business Credit (Dun & Bradstreet, Experian)

Separate your personal and business finances. Learn how to establish a strong business credit profile in the US.

Business Loans

How to Finance a Franchise Purchase

Buying a franchise comes with high upfront costs. Discover the best loan options, including SBA loans, for franchise buyers.

Credit Score

Hard vs. Soft Credit Pulls: What You Need to Know

Does checking your credit lower your score? Learn the difference between hard and soft inquiries and how they affect you.

Credit Score

How and Why to Freeze Your Credit Reports

Protect yourself from identity theft. Learn how to place a free security freeze with Equifax, Experian, and TransUnion.

Personal Finance

The 50/30/20 Rule: A Simple Guide to Budgeting

Struggling to save? Learn how to implement the popular 50/30/20 budgeting method to manage your US household finances.

Personal Finance

Chapter 7 vs. Chapter 13 Bankruptcy: What You Need to Know

Overwhelmed by debt? Understand the extreme consequences and differences between the two main types of US personal bankruptcy.

Personal Finance

Should You Refinance Your Student Loans?

Explore the pros and cons of refinancing federal and private student loans with a private lender for a lower rate.

Personal Finance

Financial Advisor vs. Planner: What is a Fiduciary?

Need financial help? Learn why it's critical to hire a fee-only fiduciary who is legally bound to act in your best interest.

Personal Finance

How to Calculate and Track Your Net Worth

Your net worth is the ultimate measure of financial health. Learn the formula and how to track your progress over time.