Personal Loans

When it comes to personal loans, we want to help you make smarter financial decisions. Our experts explain the in’s & out’s of personal loans, highlight the types of loans available – their advantages and disadvantages – and how to improve your chances of getting approved. We also alert you to personal loan scams you should avoid & highlight how personal loans compare to traditional student loans or auto loans.

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

A new, brazen fraud begins with a twist: Instead of losing money, consumers get money, which is unexpectedly deposited into their checking account. But the surprise windfall turns into a big headache, and even bigger bills, the CFPB says in a lawsuit disclosed Wednesday. The cash comes from a payday lender owned by a firm… Read More

Can You Get a Loan to Adopt a Child?

Can You Get a Loan to Adopt a Child?

Can You Get a Loan to Adopt a Child?

What does it cost to adopt a child? The answer a friend gave when she was asked was “a lot less than it’s worth.” But while the value of a child can’t be calculated, would-be adoptive parents need to have some idea of the amount of money they will need as they go through the adoption process…. Read More

3 Shocking Medical Bill Stats

3 Shocking Medical Bill Stats

3 Shocking Medical Bill Stats

More than half of Americans say they are sometimes or always confused by medical bills, possibly because few patients are offered cost estimates of treatment before they receive it. These findings are outlined in a recent report from TransUnion Healthcare based on a survey of more than 7,000 American household decision-makers with health insurance. Paying for… Read More

Legislators Propose Interest Rate Cap, But Will It Work?

Legislators Propose Interest Rate Cap, But Will It Work?

Legislators Propose Interest Rate Cap, But Will It Work?

Congress is taking aim at high-rate, short-term lenders in the U.S. Representatives Matt Cartwright and Steve Cohn are joining forces with Senators Dick Durbin, Barbara Boxer, Richard Blumenthal, Jeff Merkley and Sheldon Whitehouse to establish a national usury limit for consumer credit transactions. Their targets are banks and finance companies that market payday- and account-advance… Read More

Why Your 20s Are the Time to Save

Why Your 20s Are the Time to Save

Why Your 20s Are the Time to Save

Graduation season always brings an equal mix of hope and anxiety about the future: Hope for what young, bright minds unleashed into the world might do, and anxiety that they will find a decent job. One part of the future that is rarely part of any graduation party chatter, however, is retirement. And that’s a… Read More

Can You Use a Peer-to-Peer Loan to Pay Your Taxes?

Can You Use a Peer-to-Peer Loan to Pay Your Taxes?

Can You Use a Peer-to-Peer Loan to Pay Your Taxes?

As the April 15 income tax deadline draws nearer, it’s increasingly risky to put off thinking about how you’re going to come up with the money to pay your taxes. If the money hasn’t magically materialized in your checking account, it’s time for a Plan B.  Or maybe you owe quarterly taxes, and a big… Read More

Online Payday Lenders Face Scrutiny in New York

Online Payday Lenders Face Scrutiny in New York

Online Payday Lenders Face Scrutiny in New York

Websites that offer short-term, high-interest loans to consumers continue to draw the attention of regulators, with New York state authorities issuing 16 subpoenas to lead generation websites recently, according to the New York Times. The relatively new practice of offering payday loans online through websites involves a thicket of complicated legal issues. Many states have… Read More

Credit.com in the News 11.23.13

Credit.com in the News 11.23.13

Credit.com in the News 11.23.13

The Consumer Financial Protection Bureau released a report highlighting the need to focus on financial education, which is what Credit.com’s Credit Experts were all about this week. In an NBC story on that report, Credit.com Director of Consumer Education Gerri Detweiler commented on the troubling disparity between the money financial service companies spent on financial… Read More

House Underwater? A Personal Line of Credit Can Help

House Underwater? A Personal Line of Credit Can Help

House Underwater? A Personal Line of Credit Can Help

I’d never heard of a personal line of credit until I walked into my bank and tried to get a home equity line of credit just as the housing bubble was bursting. Without even attempting to assess the real value of my home, a bank employee in some far-away location rejected my application within minutes,… Read More

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