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Personal Loans Articles | Page 8

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

A pair of hands shaking hands and also transferring a wad of 100-dollar bills.
Nov. 16, 2019 | By Matt Frankel, CFP®

How a Personal Loan Can Raise Your Credit Score by 20 Points or More

We have confirmation that personal loans can raise your credit score -- and here's why it happens.
Nov. 12, 2019 | By Kailey Hagen

3 Times a Personal Loan Makes Sense

Personal loans aren't always the best solution, but here are three times when they can be a great option.
Oct. 17, 2019 | By Kailey Hagen

5 Times Getting a Personal Loan Is a Bad Idea

A personal loan is versatile and doesn't require collateral. But it has its drawbacks too.
Someone's hands calculating something on a calculator.
Oct. 12, 2019 | By Kailey Hagen

What Is a Precomputed Loan?

Precomputed loans can cost you money if you intend to pay back your debt early. Here's everything you need to know about them.
Oct. 11, 2019 | By Lyle Daly

Which Types of Debt Affect Your Quality of Life the Most?

See what the numbers say about which types of debt have the biggest impact on your quality of life.
Bird's eye view high above a shiny red car driving down a coastal highway.
Oct. 6, 2019 | By Motley Fool Money Staff

What's the Best Way to Pay for a New Car?

Are you hoping to buy a new car but need help navigating your options for paying for it? Here's everything you need to know.
two women discussing the details of a personal loan
Oct. 4, 2019 | By Kailey Hagen

3 Things Every Savvy Shopper Does When Comparing Personal Loans

Want the best rate on your personal loan? Try these smart shopping tips.
Sept. 4, 2019 | By Motley Fool Money Staff

How to Build Your Credit Without Using Credit Cards

Do you want to build credit without using credit cards? Learn about your other options for establishing your credit history.
Jar of coins spilling onto a notebook with colorful letters spelling out PERSONAL LOAN
Aug. 8, 2019 | By Matt Frankel, CFP®

How a Personal Loan Saved Me $4,000 and Raised My Credit Score by 50 Points

I had a great experience with my personal loan. Read on to find out why.
July 26, 2019 | By Motley Fool Money Staff

4 Personal Loan Tips That Will Pay Off

A personal loan can be an affordable way to get cash quickly -- if you know what you're doing. Learn these four key tips to save yourself time and money.
July 24, 2019 | By Lyle Daly

Should You Loan Money to Family or Friends?

Learn how you can evaluate if it’s worth lending money to people you know and the best way to set up these types of loans.
July 23, 2019 | By Lyle Daly

Shopping for a Used Car? Why It Can Pay Off to Spend More

That cheap used car may not be as good a deal as you think. Find out why increasing your car budget could pay off in the long run.
Stack of $100 bills
July 22, 2019 | By Matt Frankel, CFP®

How Taking Out a Personal Loan Impacts Your Credit Score

Taking out a personal loan can impact your credit score. But will the effect be positive or negative? Here’s what to expect.
July 20, 2019 | By Matt Frankel, CFP®

Will Applying for a Personal Loan Hurt Your Credit?

The initial dip you might see after applying for a personal loan will quickly be outweighed by the positive impact it could have on your credit.
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.