Personal Loans Articles | Page 7
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.
Recent Articles
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.
July 5, 2023 | By Maurie Backman
3 Ways to Save on Home Renovations When Borrowing Costs Are Up
It's gotten more expensive to borrow money for home renovations. Read on for ways to save on yours so you can borrow less.
July 4, 2023 | By Christy Bieber
4 Times It Makes No Sense to Use a Personal Loan
A personal loan can be a good way to borrow, but you don't want to use a loan for certain things such as buying investments or purchasing a car. Find out more.
July 2, 2023 | By Matt Frankel, CFP®
How Much Higher Are Personal Loan Interest Rates in 2023?
The cost of borrowing money is up. Find out how much more expensive you can expect a personal loan to be now.
July 1, 2023 | By Maurie Backman
Auto Loan Rates Are Up. Should You Raid Your Savings to Buy a Car in Cash?
Borrowing for a car is expensive. Read on to see if paying cash for a car is a better choice.
June 30, 2023 | By Maurie Backman
Here's What Happens When You Build Equity in Your Home
Having home equity gives you more borrowing options and allows you to walk away with more money during a home sale. Read on to learn more.
June 21, 2023 | By Christy Bieber
Should You Get Ahead on Personal Loan Payments?
Paying a personal loan off early can make sense in certain circumstances. Read on to learn when it's worth doing.
June 19, 2023 | By David Chang, ChFC®, CLU®
What Is Private Credit? How This Alternative Asset Class Connects Borrowers and Lenders
Alternative asset classes like private credit are gaining popularity among investors, especially in the current economic climate. Read on to learn more.
June 13, 2023 | By Maurie Backman
This Big East Coast Bank Is Cutting Back on Providing Auto Loans. Here's Why
Auto loan borrowers may have to look outside one big lender. Read on to learn more.
June 12, 2023 | By Maurie Backman
Almost 1 in 4 Homeowners Is Delaying Repairs Due to Cost. Here Are 2 Ways to Finance Repairs Affordably
Have a problem lurking within your home? Read on for some financing options that won't necessarily leave you paying loads of interest.
June 12, 2023 | By Christy Bieber
3 Ways Debt Consolidation Can Make Debt Payoff Easier
Debt consolidation can make it easier to pay off debt. Find out three big reasons why, including that you can reduce the number of payments you must make.
June 6, 2023 | By Maurie Backman
LGBTQ+ Americans Are More Likely to Owe Money on Personal Loans. Here's How to Pay Yours Off Sooner
Owing money on a loan can be stressful. Read on for ways to shed your personal loan debt in short order.
June 1, 2023 | By Maurie Backman
This Was the Average Personal Loan Balance in 2022
Personal loans can be a convenient and affordable way to borrow. But read on to see why some consumers may be taking that concept too far.
May 23, 2023 | By Maurie Backman
Spring Is a Popular Time to Renovate. But Here's Why You May Want to Skip Home Improvements This Year
You may be eager to fix up your home this spring. Read on to see why waiting could be a better bet.
May 23, 2023 | By Dana George
This Type of Loan Is So Predatory, Some States Have Banned Them. Here's Why
Payday loans often come with interest rates of 400% or more. However, these 19 states have outlawed the practice. Read on to find out why.
May 23, 2023 | By Maurie Backman
It's Home Improvement Season. 3 Ways to Borrow Affordably for Your Upcoming Renovation
Want to spruce up your home? Read on to see how you can finance renovations.
May 22, 2023 | By Maurie Backman
Is a Personal Loan a Good Way to Pay for a Wedding?
Tying the knot? Read on to see if a personal loan is a good way to finance a wedding.
May 22, 2023 | By Maurie Backman
Hire a Contractor vs. DIY: How to Tackle Your Upcoming Home Improvement Projects
Looking to do some home improvements this spring? Read on to see if it pays to hire help or do the work solo.
May 21, 2023 | By Emma Newbery
Need a Payday Loan? Why This Wall Street Expert Says You Should Think Again
Payday lenders charge $10 to $30 in fees for every $100 borrowed. Find out how quickly those fees can add up and make a bad financial situation worse.
May 21, 2023 | By Maurie Backman
3 Things I Wouldn't Take Out a Personal Loan For
Personal loans are great, but read on to see why this writer won't use one for just any purpose.
May 21, 2023 | By Maurie Backman
This Is the Average Consumer's Personal Loan Balance. How Does Yours Compare?
Personal loans can be a convenient borrowing option, but you don't want to get in over your head. Read on to learn more.
May 20, 2023 | By Maurie Backman
Pay Off a Personal Loan Early or Pad Your Savings: What's the Better Choice?
Paying off a personal loan ahead of schedule could save you money. Read on to see if that's a good move, or if you should bulk up your savings instead.
May 20, 2023 | By Maurie Backman
Can You Buy a Car With a Personal Loan? It's Complicated
You can use personal loan funds for any purpose. Read on to see if that means you can put that money toward a car.
May 20, 2023 | By Maurie Backman
Personal Loans Are Extremely Flexible. Here's Why That's Both Good and Bad
The flexibility you get with a personal loan could come back to bite you. Read on to see why.
May 20, 2023 | By David Chang, ChFC®, CLU®
6 Ways to Get Out of an Upside Down Car Loan
Being upside down on a car loan means you owe more than the car's current worth. Read below to find out how to get out of it.
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