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Personal Loans Articles

When you're trying to get out of debt, a personal loan may be right for you. Get more information about personal loans and whether they are a good fit for your situation.
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Recent Articles

Man shrugging in confusion
July 3, 2019 | By Matt Frankel, CFP®

19 Terms You Need to Know When Comparing Personal Loans

Do you know these personal loan terms? If not, you might not understand what you're getting from your loan. Educate yourself here before getting a loan.
July 3, 2019 | By Kailey Hagen

Is Now the Right Time to Refinance Your Auto Loan?

Refinancing your auto loan could help you save money, but only if the circumstances are right. Here's everything you need to know.
June 18, 2019 | By Elizabeth Aldrich

3 Times to Consolidate Your Debt Using a Personal Loan

Consolidating your debt with a personal loan could greatly improve your financial situation. Read on to find out if you should start looking for a loan.
man sitting in car as salesman hands him the key through the window
June 3, 2019 | By Matt Frankel, CFP®

Auto Loan Basics

If you're considering a new or used vehicle, here's what you should know about financing a car.
Man in suit jacket handing car keys to man sitting in vehicle.
May 28, 2019 | By Matt Frankel, CFP®

3 Things Car Buyers Need to Know About Credit Scores

If you're in the market for a car, here are three credit-related lessons to learn before you start shopping.
mature man and woman sitting at desk talking to man in business suit
May 13, 2019 | By Jordan Wathen

Can Personal Loans Be Refinanced?

Your high APR personal loan is costing you money. Here's how to refinance a personal loan at a lower interest rate.
Happy man at laptop raises his fist in the air.
March 12, 2019 | By Matt Frankel, CFP®

Here’s What Happened to My Credit Score When I Got a Personal Loan

Here’s a real-world story of how a personal loan can have a positive impact on a FICO® Score.
man and woman sitting across desk from man in business attire looking at financial documents
March 6, 2019 | By Daniel B. Kline

This Is the Fastest-Growing Type of Loan in the U.S.

Personal loan debt can be good or bad depending on how you use the money.
March 4, 2019 | By Dan Caplinger

Are Personal Loans Taxable?

When you take out a loan, it's important to know the potential tax consequences. Find out everything you need to know about personal loans and taxes here.
Feb. 24, 2019 | By Lyle Daly

Can Personal Loans Be Used for Down Payments?

Want to buy a home, but don’t have enough saved for a down payment? Find out whether you can use a personal loan for a down payment and what your other options are.
Feb. 22, 2019 | By Lyle Daly

Can Personal Loans Be Used for Business?

It’s hard to build a business without money. Find out if you can use a personal loan to finance your business and how personal loans compare to business loans.
Feb. 13, 2019 | By Matt Frankel, CFP®

Don't Make These Mistakes When Applying for a Personal Loan

For the most part, personal loans are easy to understand and apply for. Just beware of these common missteps.
An adult male rubbing his temple as he looks at paperwork.
Feb. 11, 2019 | By Matt Frankel, CFP®

3 Reasons Not to Get a Personal Loan in 2019

Personal loans aren’t for everyone. Here are three situations when taking out a personal loan probably isn’t the smartest decision.
Feb. 7, 2019 | By Lyle Daly

3 Times When You Should Take Out a Personal Loan

Borrowing money is a big decision. If you’re not sure whether you’re borrowing for the right reasons, check out the three times when you should take out a personal loan.
Feb. 5, 2019 | By Lyle Daly

How to Improve Your Chances of Getting Approved for a Personal Loan

Need a loan and worried that you could get denied? Follow a few pieces of advice and you can dramatically improve your chances of getting approved for a personal loan.
Man Handing Over $100 Bills
Jan. 7, 2019 | By Lyle Daly

What Can I Get a Personal Loan For?

Are you not sure if an expense is something you can pay with a personal loan? Find out everything you need to know about what they can be used for.
Dec. 17, 2018 | By Matt Frankel, CFP®

How to Get Pre-Approved for a Personal Loan in 4 Steps

The personal loan process is rather quick and painless these days. Here’s what you need to know.
Dec. 2, 2018 | By Matt Frankel, CFP®

3 Reasons a Personal Loan Could Be Better Than Your Credit Card Debt

There are times when getting a personal loan will help you get a better interest rate and improve your credit score. Here's when a personal loan could be a better choice than using a credit card.