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Getting a personal loan can be easy if you meet all the lender’s requirements and are flexible with the interest rates you’ll pay. With the range of uses for personal loans, it’s no surprise that so many people choose this option. Whether starting a business, consolidating debt or tackling home improvement projects, about 25 million […]
Is it Easy to Get a Personal Loan? Read More »
Jackie Veling writes for NerdWallet. Email: jveling@nerdwallet.com. The article 3 Steps to Consolidating Credit Card Debt in the New Year originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/personal-loans/consolidate-credit-card-debt-in-the-new-year #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
3 Steps to Consolidating Credit Card Debt in the New Year Read More »
Personal loans can be a quick way to borrow money from a bank, credit union or other financial institution. But like all debt, they have both benefits and drawbacks to consider. So, before things “get personal” by way of a personal loan, check out the pros and cons and how to choose a loan that
Pros and Cons of Personal Loans Read More »
You may need a good to excellent credit score and a low debt-to-income ratio to get the best interest rate on a personal loan. Additionally, you’ll need to look for offers from multiple lenders to see who will offer you the lowest rate and best terms. Because personal loans are generally unsecured loans, your loan
How to Get the Best Rate on a Personal Loan Read More »
Shoppers filling their carts this holiday season will likely have the option to “buy now, pay later” at checkout. Known as BNPL for short, these payment plans break up your purchase into smaller, equal installments, often for zero interest and no fees if you pay on time. If you’re looking to stretch your gifting dollars…
5 Buy Now, Pay Later Headaches to Avoid This Holiday Season Read More »
The financial services company Figure is no longer offering new personal loans. Instead, the company is focusing on home lending options like home loans and refinancing and home equity lines of credit. Figure used to offer online personal loans to good-credit borrowers, with loan sizes from $5,000 to $50,000. While the loans came with origination…
Figure No Longer Offers New Personal Loans Read More »
These five lenders offer some of the top personal loans that you can use for home improvement projects. And we’ve identified which may be best for different types of projects and borrowers. Home improvement costs for a renovation can start at $3,000 for a bathroom, $5,000 for a home office or $15,000 for a bedroom,
Best Personal Loans for Home Improvement of 2022 Read More »
If asked to picture a payday lender, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “everyday’s payday.” You probably don’t picture a mobile app that advertises on TikTok and sports a colorful logo. But cash advance apps like Earnin and Dave provide advances with the…
Cash Advance Apps vs. Payday Loans: Which Is Better? Read More »
One of the main reasons borrowers take out personal loans is to pay off high-interest debt with a lower interest rate loan. Along the same lines, you might consider refinancing your current loan if you find a loan offering you a lower interest rate. You can refinance a personal loan by prequalifying for a new
Can You Refinance a Personal Loan? Read More »
Inflation has been battering family budgets all summer long, and the latest line item to take a hit is school supplies. According to the National Retail Federation, which released its annual back-to-school survey in July 2022, shoppers have been feeling the pressure, cutting back on spending in other categories and working longer hours to cover the…
Should You Buy Now, Pay Later for Back-to-School? Read More »
If you already have a personal loan but want to take out another, you may wonder if your lender will allow it. You can have multiple personal loans with some lenders, or you can take out several loans by using different lenders. It simply comes down to the lender’s policy and restrictions. Here’s what you
How Many Personal Loans Can I Have at Once? Read More »
Personal loans are among the most versatile forms of financing, with most lenders having very few limitations on how you can use your funds. Whether you want to consolidate high-interest debt, make some home renovations or achieve other financial goals, here are five personal loans that offer some of the best terms and features. Best
The 5 Best Personal Loans of 2022 Read More »
When you take out a personal loan, you know how much it’ll cost to repay and how long repayment will take. But you might not be aware of some other costs, including loan origination fees or prepayment penalties. While it’s important to know exactly what a loan is going to cost you and how it
5 Hidden Costs of Personal Loans Read More »
No one likes paying fees. Luckily, when you’re shopping for a personal loan, you may be able to avoid at least one fee—the origination fee. To qualify for a personal loan with no origination fee, choose a lender that doesn’t charge this one-time fee. An origination fee covers a lender’s administrative costs connected to lending
How to Get a Personal Loan With No Origination Fee Read More »
Lenders often charge fees to cover costs associated with providing a personal loan. The types of fees you may encounter include origination, processing and late fees, among others. But there are ways to reduce personal loan fees or get your lender to waive them entirely. Before taking out a personal loan, review these six fees
5 Personal Loan Fees to Watch Out For Read More »
Paying off a personal loan before the loan term ends may not be the best move if the loan includes a prepayment penalty. Some personal loans have prepayment penalties (also called early payoff fees) that can reduce or erase the financial benefit of paying off a loan early. Here’s what you need to know about
Do Personal Loans Have Prepayment Penalties? Read More »
On the right home, solar panels can substantially reduce monthly electricity bills, but they cost thousands of dollars upfront. If you don’t have cash to pay for them but want to take advantage of the federal tax credit, financing may be the way to go. Here’s how to tell if solar panels will save you…
How to Finance Solar Panels Read More »
Summer is the season to hit the great outdoors, and having a new toy, like a boat or RV, is a dream for many people. But with interest rate hikes, spikes in the cost of oil and general economic uncertainty, you may be hesitant to make a big purchase right now. Financing options, such as…
How to Pay for Summer Fun: Financing Boats, RVs and More Read More »
Inflation has come down especially hard on people already struggling to put gas in their tanks and groceries in their refrigerators. For many, a payday loan may seem like the only way to get necessary cash. In recent years, however, as more states set restrictions on risky, short-term loans, new lenders offering lower-cost small loans…
New Laws, Lenders Boost Access to Affordable Small Loans Read More »
You may be able to get a personal loan with a low income from a lender that has a low, or no, minimum income requirement. Having a cosigner, good credit and low monthly bills could help your chances of getting approved or snagging a low interest rate. But if you don’t know someone who will
How to Get a Personal Loan With Low Income Read More »
