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.

On Victory Drive, Soldiers Defeated by Debt

On Victory Drive, Soldiers Defeated by Debt

On Victory Drive, Soldiers Defeated by Debt

Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military …

Trapped in Payday Loan Debt? How to Escape

Trapped in Payday Loan Debt? How to Escape

Trapped in Payday Loan Debt? How to Escape

“Is it possible to get ahead of the payday loans and get credit back in good standing?” That question was posed to us in a recent CreditExperts Twitter chat we hosted. If you’ve ever been stuck in the cycle of payday lending you may be wondering the same thing. The answer depends in large part… Read More

What Exactly Is a Divorce Loan?

What Exactly Is a Divorce Loan?

What Exactly Is a Divorce Loan?

By Stephanie Taylor Christensen Money is cited as the number two reason that couples divorce. Ironically, it can become an even bigger issue once the marriage ends, and divorce proceedings begin. Larry Rich, Divorce Magazine contributor and senior partner at Rich Rotsteinestimates average hourly rates for “intermediate level” lawyers and accountants, at $275 and $250, respectively. Even… Read More

Can a Loan Really Rebuild Your Credit Score?

Can a Loan Really Rebuild Your Credit Score?

Can a Loan Really Rebuild Your Credit Score?

What is a rebuilder loan?  No, it’s not a construction loan. Or then again, maybe it is, as in “re-constructing” your credit. Many consumers find themselves at the stage where they are coming out of a period of unmanageable debt, now have their finances under control, and want to prepare for the future when credit… Read More

The First Thing to Do Before Applying for a Personal Loan

The First Thing to Do Before Applying for a Personal Loan

The First Thing to Do Before Applying for a Personal Loan

Are you thinking about getting a personal loan for debt consolidation, to make some repairs around the home, or perhaps to pay for an unexpected expense such as dental work? Before you start shopping for a personal loan, there’s one essential step you don’t want to skip — checking your credit score. While federal law… Read More

Some Lenders Nix Late Payment Penalties

Some Lenders Nix Late Payment Penalties

Some Lenders Nix Late Payment Penalties

In the past several years, millions of consumers may have been hit with penalty interest rates and fees as a result of missing a payment on their credit card accounts, but those concerns could no longer be an issue if a new trend among some lenders catches on. A number of the nation’s largest credit… Read More

Negotiating With the IRS Just Got a Bit Easier

Negotiating With the IRS Just Got a Bit Easier

Negotiating With the IRS Just Got a Bit Easier

If you owe the federal government a tax debt, it may be easier to strike a deal to settle your debt for less than the full balance through an Offer in Compromise, thanks to new guidelines recently issued by the Internal Revenue Service. Larry Heinkel, a Florida tax problem resolution lawyer says this change is… Read More

3 Loans That Are Tough to Refinance

3 Loans That Are Tough to Refinance

3 Loans That Are Tough to Refinance

Advertised rates for car loans, mortgages and even some credit cards are tantalizingly low, promising big savings for borrowers who can refinance. But just because you see that rate advertised doesn’t mean you’ll qualify. Here are three loans that can be difficult to refinance, as well as strategies for lowering your rate if you are… Read More

6 Loans You Can Get & How to Use Them Wisely

6 Loans You Can Get & How to Use Them Wisely

6 Loans You Can Get & How to Use Them Wisely

There are lots of cash-strapped consumers out there who, for all practical purposes, are closed out of many traditional credit product offerings because of the high default risk they’re presumed to represent. But that doesn’t mean the financial services industry hasn’t figured out ways to profit from their plight. After all, the “unbanked” and “under-banked”… Read More

The Complete Guide to Personal Loans

The Complete Guide to Personal Loans

The Complete Guide to Personal Loans

It started out as a simple question on the Credit.com forum, “Anyone know the difference between a consolidation loan and a personal loan?  I see both on this site and others, but not sure what the difference is — are they the same?” A simple question? Perhaps. But it reminded us how confusing loan terminology… Read More

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