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Personal Loans Articles | Page 6

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 person driving a car.
July 17, 2023 | By Maurie Backman

3 Tips to Manage a $250/Month Car Payment

Owe money on your car? Read on for some ways to manage your loan payments.
A repairman speaking with an older man and woman in their kitchen.
July 16, 2023 | By Maurie Backman

Here's Why I've Never Taken Out a Personal Loan

This writer has never borrowed money via a personal loan. Read on to see why.
A happy man leaning out of his car window and taking in the view of the ocean.
July 16, 2023 | By Ashley Maready

How Much Can You Spend to Finance a Car? Here's How to Tell

A car is a big purchase, especially these days. Read on for a look at what to consider when you're deciding how much car to buy.
Young couple looking at phone in car.
July 16, 2023 | By Ashley Maready

3 Reasons Financing Your Car Might Be Better Than Leasing

We all need a way to get around. Read on to learn why getting an auto loan to buy a car of your own could be superior to leasing one.
A man sitting at a sunny desk and looking up something on a laptop.
July 15, 2023 | By Maurie Backman

The Federal Reserve Has Paused Rate Hikes. Here's What That Means for Personal Loan Borrowers

A pause in rate hikes could be good news for those seeking out personal loans. Read on to see why.
A person sitting at a desk and filling out paperwork.
July 15, 2023 | By Maurie Backman

Annual Inflation Is Down. Here's Why That's Good News for Personal Loan Borrowers

Cooling inflation could lead the Federal Reserve to stop raising interest rates. Read on to see how that might impact people looking for personal loans.
Man reading newspaper and looking at a tablet
July 14, 2023 | By Maurie Backman

The Federal Reserve Could Raise Interest Rates Again This Month. Here's How It'll Impact Your Personal Loans

The Federal Reserve paused interest rates at its last meeting, but it could raise them again at its next one. Read on to see what that means for you as a loan borrower.
A stressed person looking through papers and sitting in front of a laptop at a kitchen counter.
July 14, 2023 | By Dana George

1 Powerful Way a Personal Loan Can Turn Your Financial Life Around

High-interest debt can stick around for years, dragging your budget down. Here's how a personal loan can make all the difference.
A man and woman walking around a furniture store and looking at a tablet held out by a saleswoman.
July 13, 2023 | By Christy Bieber

3 Reasons Personal Loans Can Be Better Than Credit Cards

A personal loan can be used to finance purchases just as a credit card can. But find out why a personal loan may be a better option for some borrowers.
A young man sitting on his couch with his laptop open and his dog sleeping next to him.
July 12, 2023 | By Christy Bieber

How Quickly Can You Get a Personal Loan?

Getting a personal loan can sometimes happen fast, but it's important to choose a lender based on many factors. Here's what you need to keep in mind.
Young couple signing papers with an agent.
July 11, 2023 | By Christy Bieber

These 3 Factors Affect What You'll Pay for Your Personal Loan

Your personal loan payments will be determined based on a few different factors. Read on to learn which ones.
Diverse group of employees in an office setting.
July 10, 2023 | By Ashley Maready

If You Could Trade Your PTO for a Loan or Extra Cash, Should You?

Taking time off work is important, but being able to avoid debt is too. Read on to learn how some people are using their PTO as an income source.
A couple look over loan documents with their loan officer.
July 9, 2023 | By Ashley Maready

4 Ways to Save on Your Next Personal Loan

Personal loans can be used for just about anything. Read on to see how you can score a lower interest rate on one.
Two young adults wearing loungewear use their devices and a pad of paper to discuss finances.
July 9, 2023 | By Christy Bieber

When Does It Make Sense to Pay Off a Personal Loan Early

Paying off a personal loan early is a good idea under certain circumstances. Here's when it's worth it.
A man and woman looking at furniture in a department store with sales signs hanging from the ceiling.
July 9, 2023 | By Christy Bieber

These Are the 2 Worst Reasons to Get a Personal Loan

There are some good reasons to get a personal loan. But the worst reason is to fund a lifestyle that you can't afford to live. Find out more.
Two people sitting at a desk in a car showroom and handing signed forms back to the salesperson.
July 8, 2023 | By David Chang, ChFC®, CLU®

Car Debt Is Adding Up Fast as Consumers Loan Amounts Exceed Car Values

Many consumers have car loans surpassing the value of their vehicles. Learn about the dangers of rising loan-to-value ratios -- and what it means for borrowers.
Woman using cell phone with concerned look on her face.
July 8, 2023 | By Matt Frankel, CFP®

Personal Loan Approval Could Shrink in the Future. Here's Why

New banking regulations could make banks lend less money in the future. Read on to learn the potential impact on you.
Two people sitting on a bed and looking at paperwork next to an open laptop.
July 8, 2023 | By Maurie Backman

Interest Rates Are Up. Should You Consolidate Your Debt With a Personal Loan?

Rate hikes have made borrowing generally expensive. Read on to see if a personal loan can help.
A person looking worriedly at a laptop with their head resting on their arms on the kitchen counter.
July 8, 2023 | By Maurie Backman

3 Questions You Must Ask Yourself Before Signing a Personal Loan When Interest Rates Are High

Thinking of getting a personal loan? Read on for ways to make sure that's the right decision.
A bride feeding cake to a her groom at an outdoor wedding surrounded by guests.
July 7, 2023 | By Maurie Backman

Should You Borrow Against Your Home to Pay for Your Wedding?

Weddings are expensive. But read on to see why using home equity to pay for one may not be your best bet.
Couple shaking hands over paperwork at a desk.
July 7, 2023 | By Maurie Backman

Here's Why So Many Consumers Are Taking a Risk With Personal Loans

Personal loan balances are growing. That's a dangerous thing right now in particular. Read on to see why.
young man sitting at desk using laptop and thinking
July 7, 2023 | By Maurie Backman

Here's What Happens When You Take Out a Personal Loan to Pay Off a Credit Card

You can use a personal loan to pay off a credit card balance, and doing so might save you money. Read on to learn more.
Man with glasses using laptop looks away appearing to be in thought.
July 6, 2023 | By Maurie Backman

Should Recession Fears Stop You From Signing a Personal Loan?

An economic slowdown could impact your ability to repay a loan. Read on to learn more.
Dismayed man sitting at a desk with his hand on his forehead.
July 6, 2023 | By Maurie Backman

Here's Why Personal Loan Borrowers Should Care About Inflation

Inflation can make borrowing more expensive. Read on to learn why.
A man measuring new cabinets that he's installing in his kitchen while his dog sits next to him and watches.
July 6, 2023 | By Maurie Backman

Here's Why It Pays to Finance Home Improvements -- Even if You Have the Cash in Savings

There are consequences to spending your savings on home renovations. Read on to see why it could make sense to borrow even if you technically have the money.