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.  

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.

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How Are Interest Rates Calculated?

/ Jonathan Miller

Knowing how interest rate is calculated on your personal loan can make it easier to find the right lender. Continue reading and be smart.

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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.

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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.

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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. 

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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.

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How to Survive Taking a Personal Loan

How to Survive Taking a Personal Loan

/ Top10 Staff

Taking out a loan can be decision with long term ramifications, and demands a borrower’s full attention to the whole process. Loans can be an extremely useful and effective tool when properly managed...

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Banks Building Partnerships with Peer Lenders

Banks Building Partnerships with Peer Lenders

/ Jonathan Miller

The peer-to-peer (P2P) lending industry has come a long way from its humble origins in the early 2000s. With a process that simplifies loans and provides access for a much wider range of borrowers, P2P 

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How to Receive A Loan Without A Credit Score

How You Can Receive A Loan Without A Credit Score

Today, it is easier than ever to receive credit or borrow funds. Many people have easy access to credit cards and bank loans, and many more can go online and apply for personal loans. However, for a large subset of the population, borrowing funds is difficult considering these individuals have no credit score or record with the major credit bureaus.

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Top 5 Personal Loans