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.

A Free $10,000 Wedding Loan? Yes, But There’s a Catch

A Free $10,000 Wedding Loan? Yes, But There’s a Catch

A Free $10,000 Wedding Loan? Yes, But There’s a Catch

Weddings can certainly cost couples a pretty penny — In fact, an annual survey from TheKnot put the average cost of one in 2014 at $31,213, up from a mere $29,858 the year before. Given the high costs associated with these big days, it’s no wonder many brides and grooms are turning to personal loans as a way to fund their flowers, favors and/or... Read More

I’ve Run Out of Cash for Holiday Gifts. What Are My Options?

I’ve Run Out of Cash for Holiday Gifts. What Are My Options?

I’ve Run Out of Cash for Holiday Gifts. What Are My Options?

Holiday shopping can be stressful, especially when you run out of money. The first step to solving a budget crisis is changing your plan. This could mean buying fewer gifts or returning things you already bought. Either way, spending within your means involves tough decisions. You may really want to give a particular gift, but not at... Read More

An Early Christmas Gift From the CFPB: 200K Borrowers Get Relief

An Early Christmas Gift From the CFPB: 200K Borrowers Get Relief

An Early Christmas Gift From the CFPB: 200K Borrowers Get Relief

A short-term, high-cost lender that tried to collect debts by in-person visits at borrowers’ homes and workplaces has ceased dealing in payday loans, and about 200,000 consumers will get refunds or debt collection relief, federal regulators said Wednesday. Austin-based EZCORP is accused of potentially revealing details about consumers’ debts to third parties during home or workplace collection attempts,... Read More

What to Do When Your Parents Want to Borrow Money

What to Do When Your Parents Want to Borrow Money

What to Do When Your Parents Want to Borrow Money

We often hear so much about millennials’ finances that it’s easy to forget older Americans have money woes, too. The Great Recession pushed back retirement for many middle-aged boomers and decimated a lot of their life savings. So it should come as no surprise when young adults are faced with the conundrum of whether to loan money to Mom and Dad. If you have a parent who’s... Read More

4 Loans You Might Not Know About

4 Loans You Might Not Know About

4 Loans You Might Not Know About

You may think a loan is a loan, but there are a lot of options to explore when you need to borrow money. Each one has its own rules, repayment parameters and type of lender. It’s a good idea to learn more about the different kinds of loans below so you can be an educated... Read More

The Rise of the Wedding Loan: Should You Jump on the Bandwagon?

The Rise of the Wedding Loan: Should You Jump on the Bandwagon?

The Rise of the Wedding Loan: Should You Jump on the Bandwagon?

The days of dowries are long gone for most of us, but weddings still come with a high price tag. In fact, the average cost of a wedding keeps rising. This major expense can set you back tens of thousands of dollars — and sometimes even more. Recent reports say the cost of the average wedding in... Read More

I Need $100K Fast. Can I Get a Loan?

I Need $100K Fast. Can I Get a Loan?

I Need $100K Fast. Can I Get a Loan?

Where can you turn if you’re looking to borrow a big chunk of money on the fly? One commenter recently asked Reddit if a personal loan may be the answer. “I recently purchased a house that I would like to renovate,” the Redditor wrote. “I figure 100K will cover everything. Unfortunately, I do not have any equity in... Read More

Thinking About Taking Out a Loan? Read This First

Thinking About Taking Out a Loan? Read This First

Thinking About Taking Out a Loan? Read This First

The prospect of taking on debt can be nerve-racking, but borrowing money can also help you make life-changing purchases. From funding your higher education to buying a home to meeting other financial needs, most people borrow money eventually. It’s a good idea to remember that it is always a financial risk when you borrow money,... Read More

5 Upsides of a Personal Loan

5 Upsides of a Personal Loan

5 Upsides of a Personal Loan

From banks and credit unions to family members or friends, taking out a personal loan or line of credit can be a solution for paying off high-interest debt or tackling big bills. Once you figure out the details of the personal loan process, you can use a personal loan calculator to find out which amount,... Read More

Stop! Before You Co-Sign That Loan, Consider These 4 Things

Stop! Before You Co-Sign That Loan, Consider These 4 Things

Stop! Before You Co-Sign That Loan, Consider These 4 Things

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

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