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Personal Loans Articles | Page 5

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 bank representative chatting with a customer while sitting on the same side of a table.
Nov. 6, 2022 | By David Chang, ChFC®, CLU®

Should You Consolidate Your Loans in 2023?

When faced with a large amount of debt, many people choose to consolidate their loans to simplify their finances. Read to learn if it's right for you.
A man sitting at a desk and placing payment for a bill in an envelope.
Nov. 4, 2022 | By Ashley Maready

4 Reasons Using a Personal Loan to Pay Off Your Credit Card Is a Bad Idea

Taking out a personal loan is the perfect way to get out of credit card debt, right? Read on to learn why you might want to reconsider.
A man and woman meeting with a financial professional at his desk in an office.
Nov. 2, 2022 | By Dana George

5 Things You Should Know About How Personal Loans Work Before Applying

While personal loans may be relatively simple to apply for, it pays to know what you want in a loan. Read on to learn about four simple facts that can give you direction.
A smiling woman sitting in the driver's seat of a car.
Nov. 2, 2022 | By David Chang, ChFC®, CLU®

Looking to Save Money on an Auto Loan? This One Trick Can Save You Some Serious Cash

Doing your homework before buying a car is important. Find out why not bringing your own financing is one of the biggest mistakes car buyers make.
Woman using computer in an office with skeptical look on her face.
Nov. 2, 2022 | By David Chang, ChFC®, CLU®

People Are Tapping Into Their Retirement Funds for Big Expenses. Here Are the Pros and Cons of a 401(k) Loan

You've spent years saving your 401(k). It's your money so should you borrow from it? Read on to see the pros and cons and why you may want to look elsewhere.
A man standing in his living room and looking between two pieces of paper held in each hand.
Oct. 24, 2022 | By Dana George

3 Ways an Amortization Schedule Can Make You a Smarter Borrower

An amortization schedule is your behind-the-curtain look at the true cost of a loan. Here's how that information can make you a smarter borrower.
A worried person in an office leaning their chin on their hands.
Oct. 23, 2022 | By David Chang, ChFC®, CLU®

In a Pinch? These Are the Four Loans You Can Get the Quickest

If you need cash fast, these four options will help you get the money you need. Read to learn more.
A couple look over loan documents with their loan officer.
Oct. 22, 2022 | By Dana George

Looking for a Budget Rescue? A Personal Loan Could Be the Answer

High-interest debt feels like a trap. One way to escape that trap may be through a consolidation loan.
A man sitting in front of his laptop at home and making a phone call.
Oct. 19, 2022 | By Dana George

3 Steps to Take When You Can't Make Your Personal Loan Payment

A personal loan can be a great tool for consolidating high-interest debt or paying for special projects. Here's what to do if you have trouble making a payment.
A couple talking to a bank officer at a desk.
Sept. 29, 2022 | By Dana George

3 Ways a Payday Alternative Loan Can Get You Out of a Bind

Payday lenders often charge more than 400% interest. Here's how a payday alternative loan can keep you from visiting a predatory lender.
A worried woman with her hand on her chin sitting at a desk with papers and her laptop.
Sept. 28, 2022 | By Dana George

5 Ways a Personal Loan Can Go Very Wrong

Personal loans can be an excellent tool for accomplishing financial goals. Here, we look at some of the ways a personal loan can go wrong.
A young adult pumps their fist in celebration while going over paperwork and using a laptop at home.
Sept. 25, 2022 | By Ashley Maready

Personal Loan Rates Have Dropped More Than 10%. Here Are 4 Steps to Locking in the Best Rate

Interest rates for personal loans have recently gone down. Here's what you can do to ensure you get the best deal on your loan.
A man working on his laptop sitting in a cafe.
Sept. 24, 2022 | By Dana George

3 Reasons to Think Twice Before Committing to a Loan With a Balloon Payment

A loan with a balloon payment keeps monthly payments low. Keep reading to learn why that may not be enough to make a balloon loan a good option.
A couple discusses their finances with a bank associate.
Sept. 21, 2022 | By Dana George

3 Ways to Ensure 'Loan Grading' Works in Your Favor

Lenders use loan grading to determine the terms of your loan. Here are three ways to score the highest possible grade.
A group of wedding attendees in formal attire smile and toast their drinks.
Sept. 7, 2022 | By David Chang, ChFC®, CLU®

Getting Married? Here's the Best Type of Personal Loan to Cover the Party

There are many different types of personal loans that can help you meet your goals. Read on to find out the best type for a wedding.
A woman sitting in front of her couch with her laptop and celebrating with her hand in the air.
Aug. 31, 2022 | By Dana George

Interest Rates for Personal Loans Have Fallen. Is Now a Good Time to Borrow?

For the first time in 50 years, the average personal loan rate has dropped below 9%. Keep reading to find out if now is a good time to apply.
A couple signing paperwork with a realtor in a new house.
Aug. 29, 2022 | By Brittney Myers

Have Big Plans? Here Are 5 Times Your Personal Credit May Not Be Enough

A personal credit history is a pillar of modern personal finance. But it's not always enough. Read on to see some cases where you may need more than your credit.
A man sitting at a desk in front of a laptop and making a phone call while holding up and reading a piece of paper.
Aug. 24, 2022 | By Dana George

4 Alternatives to Short-Term Loans

Short-term loans, like those offered by payday lenders, often come with APRs over 400%. Keep reading to learn more about alternatives available to you.
Car salesman assisting couple with car purchase.
Aug. 15, 2022 | By Brittney Myers

People Are Waiting Weeks for New Cars. Here's How to Make Sure You Don't Miss Out

The car market is in the middle of a perfect storm of shortages and delays. Consider this advice before heading to the dealership.
A couple look over loan documents with their loan officer.
Aug. 7, 2022 | By David Chang, ChFC®, CLU®

Americans Are Borrowing Money to Buy Crypto. Should You?

One out of 4 crypto investors have taken out loans to invest in cryptocurrencies. Read on to find out if it's a good idea.
A person sitting at a desk and filling out paperwork.
Aug. 6, 2022 | By Lyle Daly

Dave Ramsey Says Debt Consolidation Doesn't Solve Anything. Is He Right?

Debt consolidation is a popular way to get out of debt. Learn why Dave Ramsey doesn't think it's a good idea and see if his logic makes sense.
A couple talking to a bank officer at a desk.
July 6, 2022 | By Dana George

Thinking of Taking Out a Loan Right Now? Here’s Why That May Be Risky

Debt always carries a measure of risk. Here's what one writer hopes you'll consider before borrowing.
A person driving a car.
June 7, 2022 | By David Chang, ChFC®, CLU®

Falling Behind on Your Car Payments? Here Are Your Options

Worried about your car payments? Here are options that can help.
A couple smiles as they enter their new house carrying moving boxes.
April 25, 2022 | By Natasha Etzel

86% of Americans Would Live in a Tiny Home. Should You Buy One?

Tiny homes are appealing because they can make living costs more affordable. But is a tiny house for you? Find out what you need to know before buying one.
An adult sits at a desk at home looking through financial documents.
March 19, 2022 | By Natasha Etzel

Buy Now, Pay Later Loans Will Soon Appear on Credit Reports

Buy now, pay later loans offer a convenient way for consumers to pay for larger purchases. Soon, BNPL data will appear on consumer credit reports. Find out more.