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Personal Loans Articles

Learn about how getting a loan online works and how to find
the best one for your specific financial needs.

5 Ways You Can Rebuild Your Bad Credit Score
Nov. 08, 2021
3 min read

5 Ways You Can Rebuild Your Bad Credit Score

Your credit score reflects your financial health, and you probably only notice it when it’s bad. Every adult in the US has a 3-digit credit ranking that shows whether their credit is good or bad. A credit score of over 680 is considered good or excellent, whereas a credit score under 600 is below average. A poor credit score of 580 or lower can seriously affect your life.

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How Much Will the Fed’s Near-Zero Rates Actually Help Borrowers?
Aug. 30, 2021
3 min read

How Much Will the Fed’s Near-Zero Rates Actually Help Borrowers?

Here is proof that even the darkest clouds have a silver lining. As humanity faces its greatest challenge this century, one small upshot is that borrowing costs will fall.

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How to Use a Personal Loan to Finance Your Wedding
Aug. 09, 2021
2 min read

How to Use a Personal Loan to Finance Your Wedding

The cost of planning a wedding has climbed high, making it difficult for the average Jane to make a wedding on the average monthly salary. For this reason, more people are turning to personal loan services to fund their wedding.

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How to Find the Right Loan for You Based on Your Credit Score
Jul. 14, 2021
3 min read

How to Find the Right Loan for You Based on Your Credit Score

Many people seek out personal loans without really understanding the mechanics behind the process. Getting accepted by a lender for a personal loan is determined by several factors, some of which you may not have control over.

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Get the Lowdown on How to Calculate Your Credit Score
Jul. 14, 2021
1 min read

Get the Lowdown on How to Calculate Your Credit Score

If you’ve ever applied for a loan, tried to buy a large item on a financing plan, or have a credit card, you’ll have been asked about your credit score. Your credit score is a way of measuring how financially responsible you are so that banks and other lenders can decide how risky it is to give you a loan.

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Personal Loans to Become Cheaper as Fed Cuts Interest Rates
Jul. 12, 2021
2 min read

Personal Loans to Become Cheaper as Fed Cuts Interest Rates

Personal loans are the fastest growing form of consumer credit in the United States and they’re about to become even more popular.

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The 7 Recommended Loans for People with Bad Credit
Jul. 12, 2021
3 min read

The 7 Recommended Loans for People with Bad Credit

Bad credit can make loan providers wary of lending money to you. Personal unsecured loans, which are the fastest and easiest type of borrowing, might not be open to your credit score but there are other ways to access money if you need it in an emergency, to cover temporary cash flow issues or to pay for a large purchase. Here are 7 of the best types of loans to turn to if you have bad credit.

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Lending Club vs. Prosper: Which Lender is Best for You?
Jul. 12, 2021
3 min read

Lending Club vs. Prosper: Which Lender is Best for You?

Today, there are more lenders and funding options available than ever. From debt consolidation to innovation funding, borrowers look toward these resources for financial help. With thousands of lenders to choose from, how can you tell which one is the best fit for your needs? Compare LendingClub and Prosper, 2 reputable lenders, to see which one comes out ahead in this head-to-head comparison.

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The Top Personal Loan Providers for Funding Holiday Purchases
Jul. 12, 2021
3 min read

The Top Personal Loan Providers for Funding Holiday Purchases

‘Tis the season for early holiday gift shopping–and for figuring out how to fund all those expensive purchases.

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The One Hack That Will Instantly Boost Your Credit Score
Jul. 12, 2021
3 min read

The One Hack That Will Instantly Boost Your Credit Score

What if there were something you could do to instantly improve your credit score, possibly by more than 20 points? That something, according to a new TransUnion study, is a debt consolidation loan. Read on to find out how.

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These Simple Steps Can Help You Improve Your Credit Score
Jul. 12, 2021
2 min read

These Simple Steps Can Help You Improve Your Credit Score

Applying for a term loan can be difficult and tedious, not to mention all the different eligibility criteria. Applying for a loan? Be aware of the debt-to-income limit. Business loan? Let’s hope you’re making more than the minimum monthly revenue. Personal loan? Get ready to reveal your annual income.

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What It’s Really Like to Take out a Personal Loan: Tips and Tricks From 3 Borrowers
Jul. 12, 2021
4 min read

What It’s Really Like to Take out a Personal Loan: Tips and Tricks From 3 Borrowers

If you haven’t applied for a personal loan before, you may not know what to expect. Thankfully, the process is pretty straightforward at most online lenders. Once you’ve decided on a lender, you usually just have to fill out a quick application. Then, the lender makes a decision and, if you’re approved, deposits funds into your account a handful of days later.

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Learn How to Make the Most of the New FICO Credit Score Formula
Jul. 12, 2021
2 min read

Learn How to Make the Most of the New FICO Credit Score Formula

Your FICO credit score is a big deal. The slightest change in your score can mean the difference between loan approval or rejection, or between a good or bad interest rate. That’s why it’s important to understand how FICO’s new credit rating scale will affect you – and what you can do to emerge stronger.

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Professional Tips on How to Manage Your Money During Chaotic Times
Jul. 12, 2021
2 min read

Professional Tips on How to Manage Your Money During Chaotic Times

We gathered four leading professionals on personal finance to discuss the state of the economy, how it affects American households and what you can do to keep your head above water during this high tide.

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The Dos and Don'ts for Borrowing Money During a Crisis - Professionals Weigh In
Jul. 12, 2021
2 min read

The Dos and Don'ts for Borrowing Money During a Crisis - Professionals Weigh In

This new reality that we’re experiencing is changing everything, including the way we borrow money. We asked leading finance professionals to present the good and the bad options for American households and businesses seeking a loan.

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Compare Personal Loan Options for Military Veterans
Jul. 12, 2021
2 min read

Compare Personal Loan Options for Military Veterans

Getting back to civilian life can be tough for military veterans, and financial issues can often arise. Many vets find that without the regular service pay and benefits, they may not have the funds they need, and that when it comes to job experience, their service often doesn’t help them put together the type of resume that employers are looking for.

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How Are Interest Rates and APR Percentages Calculated?
Jul. 12, 2021
2 min read

How Are Interest Rates and APR Percentages Calculated?

Before you head to the bank to take out a loan for a new car, small business or other investments, take the time to fully understand how your interest rate is calculated. This will help you to better understand your loan terms and conditions with your bank, and put you in a better position to negotiate your rates.

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Online Personal Loans vs. Traditional Bank Loans: Which is Better for You?
Jul. 12, 2021
3 min read

Online Personal Loans vs. Traditional Bank Loans: Which is Better for You?

Online lending has become a booming industry in recent years, providing loans to countless people who prefer the ease, speed, and competitive rates of online lenders.

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Consumers Turning to Personal Loans Over Credit Cards
Jul. 12, 2021
1 min read

Consumers Turning to Personal Loans Over Credit Cards

The number of people taking out loans in the US has been steadily on the rise in the years since the mortgage crisis. As the economy recovers, more consumers are avoiding traditional credit alternatives in favor of better deals and safer terms thanks to new loan options.

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No Credit Check Loans: Reasons to Avoid Them and the Alternatives Available
Jul. 12, 2021
3 min read

No Credit Check Loans: Reasons to Avoid Them and the Alternatives Available

When you need instant cash, it might be tempting to take whatever loan you can—including a no credit check loan. But before taking this or any other type of loan, you should understand the loan you’re getting, and how it might affect your financial future.

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