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.
Co-signing a loan for a close friend or family member is undoubtedly an incredibly generous thing to do. However, while you may feel your loved one is totally capable of managing the loan, it’s vital to understand your role and responsibilities as a co-signer before jumping into an agreement. With that in mind, here are... Read More
The price of electricity has consistently increased for the last several years, and it’s projected to continue rising in the future. This summer, the U.S. Energy Information Administration expects consumers will spend 5.9% more on electricity than they did in the summer of 2014. If you don’t like the sound of that, maybe it’s time... Read More
Thinking about your own death is not fun; paying for something that will be useful only when you die can be even less so. But protecting your assets and dependents in case something happens to you is important. Once you calculate how much life insurance you need, you can start to look for the right policy... Read More
While we have all been told how important saving for retirement is, it can be hard to cut back on personal spending to watch your hard-earned money sit in an account you won’t have access to for years or even decades. Retirement can sound far away and even boring when you are in the prime... Read More
Payday lenders would face a new set of restrictions under rules being proposed Thursday by the Consumer Financial Protection Bureau. The rules include requirements that lenders ensure borrowers have the ability to repay the loans, and limits to the number of times consumers can renew the loans. The proposal covers a wide set of short-term,... Read More
Getting out of debt, particularly consumer debt, is the cornerstone of financial freedom. It frees up cash for saving and investing. It enables us to get off the treadmill of living month-to-month. And being debt-free just feels great. A lot has been written on how to get out of debt. It’s not exactly rocket science.... Read More
I have a friend who has a brother with a problem. Every other month or so, he receives a call or a message. His brother needs cash. Right away. He won’t be able to pay his rent without it. He always promises to pay his brother back—as soon as the next commission payment hits the... Read More
At some point, most of us have been there, trying to stretch a small paycheck around bills that only seem to get bigger. And the often-parroted strategies for making ends meet are largely the same: buy secondhand, clip coupons, wait for sales, etc. But there’s more to life than just figuring out the best way... Read More
We all know life insurance can help provide financial security for your beneficiaries when you pass on, but death benefits are not the only thing these policies can provide. A properly designed life insurance policy can complement funding your own needs or reaching your savings goals as well. It’s important to determine not only how... Read More
A public relations firm emailed me the other day to ask whether I’d be interested in speaking to the founder of an alternative finance company startup that makes online loans to high-risk borrowers. These are borrowers who’ve been turned down by their banks because they’ve had credit hiccups or irregular income streams (such as for... Read More
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.