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.

How to Use a Savings-Secured Loan to Rebuild Your Credit

How to Use a Savings-Secured Loan to Rebuild Your Credit

How to Use a Savings-Secured Loan to Rebuild Your Credit

A bad credit score can cost you hundreds, if not thousands, of dollars a year, according to a study by the Consumer Federation of America (CFA). The CFA found, for example, that a poor credit score would increase your interest charges on a typical auto loan by more than $5,000. For the average consumer without... Read More

How to Get a Loan After Bankruptcy

How to Get a Loan After Bankruptcy

How to Get a Loan After Bankruptcy

UPDATE: Article Updated by Brian Acton 4/25/18 Bankruptcy deals a major blow to your credit and hurts your ability to qualify for credit cards and loans. Depending on the type, your bankruptcy may stay on your credit report for up to ten years. But that doesn’t mean you can’t rebuild your credit and access certain... Read More

Student Loan Collateral Damage

Student Loan Collateral Damage

Student Loan Collateral Damage

When we think about the $1.45 trillion student loan crisis, we normally imagine struggling, young, recent college graduates. We often don’t think about the collateral damage among families that overwhelming school debt can inflict, but that’s a fast-growing problem. Almost all private student loans require a co-signer, and increasingly, the parents and grandparents tied to... Read More

4 Ways to Determine If a Personal Loan or a Balance Transfer Is Best for You

4 Ways to Determine If a Personal Loan or a Balance Transfer Is Best for You

4 Ways to Determine If a Personal Loan or a Balance Transfer Is Best for You

With high interest rates and low minimum payments, credit card debt can be financially crippling. But that doesn’t stop people from running up a balance. On average, Americans carry $6,632 in credit card debt, according to a 2016 report by Experian. With an average of 14.87% APR on credit cards, according to August 2017 data... Read More

Trapped in Payday Loan Debt? Here’s How You Can Escape.

Trapped in Payday Loan Debt? Here’s How You Can Escape.

Trapped in Payday Loan Debt? Here’s How You Can Escape.

Nobody likes being in debt, but it’s even worse when it seems like there’s no way out. That’s how the 12 million Americans who take out payday loans each year usually feel. That’s understandable, considering they pay out around nine billion dollars in loan fees. But there is hope—you don’t have to be stuck in... Read More

5 Things You Need for a Successful Home Fitness Routine

5 Things You Need for a Successful Home Fitness Routine

5 Things You Need for a Successful Home Fitness Routine

Have you been skipping the gym too many times? Enough with the excuses. Just because you can’t get out (or don’t want to join a gym), doesn’t mean you can’t stay fit. Here’s everything you need to work out at home successfully without going into debt. 1. The Right Surface If you have a spare area... Read More

Loans for Holiday Gifts: What You Need to Know

Loans for Holiday Gifts: What You Need to Know

Loans for Holiday Gifts: What You Need to Know

Unless you’ve been saving for months or have lots of wiggle room in your budget, you’re probably trying to figure out how the heck you’re going to pay for extra holiday expenses. If you’ve thought about taking out a small loan, there are several things you need to consider before borrowing money. Why People Borrow... Read More

5 Possible Benefits of Changing Your Bills’ Due Dates

5 Possible Benefits of Changing Your Bills’ Due Dates

5 Possible Benefits of Changing Your Bills’ Due Dates

Paying bills is a tedious necessity, and for many, it’s also an ongoing source of stress. According to the 8th annual Billing Household Study from Fiserv, a financial services provider, 35% of consumers paid at least one bill late in the past 12 months, and 65% also paid a late fee. So, why are these people struggling to meet... Read More

OP/ED: CFPB Should Strengthen Its Payday Loan Rules

OP/ED: CFPB Should Strengthen Its Payday Loan Rules

OP/ED: CFPB Should Strengthen Its Payday Loan Rules

A few years ago, Corii Varner of Savage, Minnesota needed a new pair of glasses so she could drive to her church. She was short on funds and went to a payday lender to borrow money to cover the cost. She was loaned the money, but it came with a steep fee and high interest... Read More

‘Same As Cash’ Offers: What’s the Catch?

‘Same As Cash’ Offers: What’s the Catch?

‘Same As Cash’ Offers: What’s the Catch?

Perhaps you’ve heard it before: six months same as cash. The offer pops up frequently at furniture stores, appliance stores and with contractors offering a deal to fix your furnace. These kinds of deals can sound tempting, but they can be troublesome if you’re not careful. How do they work? Are they ever a good... Read More

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Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

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