Personal Loans Articles

Personal loans are unsecured loans that have a fixed amount, interest rate, and repayment period. What are these terms, how are they calculated, and what should you look for when shopping for a personal loan are important issues addressed in the following financial articles.  

The Full Guide to Personal Loans

Full Guide to Personal Loans

Personal loans are one of the most versatile financial products in the industry. Traditional lenders such as banks and large financial institutions issue loans of varied amounts, peer-to-peer lending and micro loan sites finance very small day-to-day operations and the online personal loan industry is a booming arena.

Read More
Consumers Turning to Personal Loans Over Credit Cards

Consumers Turning to Personal Loans Over Credit Cards

/ Top10 Staff

The number of people taking loans in the US has been steadily on the rise in the years since the Mortgage Crisis. As the economy recovers, the number of people taking on credit has been rebounding, though in much better health than before.

Read More
Reasons to Take a Personal Loan

Good and Bad Reasons to Take a Personal Loan

/ Top10 Staff

One of the most frequently asked questions when it comes to personal loans is “what is a good reason to take out a personal loan?” Unfortunately, there is no simple answer because there are a variety of good reasons to take out a personal loan as well as many reasons not to. Below are the reasons you should and shouldn’t take on debt.

Read More
Personal Loan or Credit Card?

Wallet Lining: a Personal Loan or a Credit Card?

/ Top10 Staff

One of the first steps in building financial security is to get ahead of your paycheck and save for emergencies as well as major purchases. In many cases, you are not at that point and need to use credit for those financial emergencies.

Read More
What Is A Good Credit Score

What Is A Good Credit Score and How Will You Know Yours?

/ Jonathan Miller

The credit score is one of the most influential numbers in a consumer’s life. Banks and other financial institutions use this figure to determine a person’s creditworthiness. The credit score comes from calculations that are based partly on a person’s payment history with other creditors. Banks often use consumer credit scores to make their decisions about loan products, credit cards, mortgages and the like. Every consumer over the age the 18 years old has a credit score, and each person will need to have a “good” credit score to obtain fair lending opportunities. 

Read More
Do You Know the Cost of Your Personal Loan?

Do You Know the Cost of Your Personal Loan?

/ Top10 Staff

Personal loans are unsecured which means that there is no collateral put up in case the borrower fails to repay the loan. Because there is no collateral or safety blanket for the lender, interest on personal loans is higher than for a secured loan.

Read More

Top 5 Personal Loans