July 10, 2023 How does your personal loan balance compare to the average? Personal loans are popular among consumers because they are flexible and relatively easy to obtain. Personal loans also tend to come with competitive interest rates and don’t require you to put down collateral. Since personal loans come with fixed rates, consumers find them easier to […]
June 29, 2023 Home equity loan or cash-out refinance? Which is the better choice? When you need funds for a major expense, you might be considering a home equity loan or cash-out refinance. As a homeowner, you have the unique benefit of being able to tap into the equity you build over time. Home equity is the value […]
June 26, 2023 Rising Car Debt is a Problem Car prices have surged since the pandemic. As a result, many consumers are paying car payments that are more than $1,000 a month. In addition to higher car prices, the Federal Reserve has been raising interest rates in an attempt to calm inflation, driving up auto loan balances. These […]
June 21, 2023 Tips for choosing a personal loan term length. As a consumer, you have many choices when it comes to borrowing money if you have good credit. A personal loan is one of the most flexible options for borrowing. Unlike credit cards, personal loans have fixed interest rates. With auto loans or mortgages, you can only […]
June 19, 2023 Learn What Could Happen to Your Loan if Your Bank Fails In recent weeks, we have seen the highest-profile bank failures in the U.S. since the 2008 financial crisis. This has left many Americans worried about the state of the country’s banks and what could happen to their money and outstanding loans if their bank […]
June 14, 2023 If you’re interested in a personal loan, you have many options. There are tons of lending options from banks and credit unions to online personal loan lenders. The challenge is knowing who to give your business to, who has the best rates and terms, and which lender is right for your financial background. Choosing the […]
June 6, 2023 Used car tips to help you save when financing. Buying a used car can be a great way to save money and stick to your budget. A used or preowned car can be much less expensive than buying a similar new model. The average used car price as of January 2023 was about $26,000. On […]
May 30, 2023 Peer-to-peer lending is a term you might have heard of, but what is it? Peer-to-peer (P2P) lending is an alternative for borrowers who want to avoid traditional financial institutions and prefer dealing with investors who may be interested in financing their loans. Peer-to-peer lending is on the rise. The global peer-to-peer lending market is predicted […]
May 26, 2023 A home renovation can make your home more enjoyable to live in, may increase your home resale value, and make it easier to sell your home. Many homeowners are looking to renovate instead of selling their home since mortgage rates are still high, despite dipping recently. About 17% of homeowners are spending more on improvements […]
May 5, 2023 Personal loans are popular among consumers because they are extremely flexible, allowing you to borrow money for just about any purpose. You can cover home improvements, car repairs, emergency medical bills, and much more. Some personal loans lenders will also allow you to pay off your personal loan early. While it’s generally a good idea […]
May 3, 2023 3 Personal Loan Mistakes to Avoid When Applying Personal loans are pretty common among Americans thanks to their flexibility and lower qualification requirements. If you have an unexpected expense or major purchase, you might be exploring personal loans as an option. If it’s your first time applying for personal loan funding, you’ll want to avoid […]
April 28, 2023 Personal loans and mortgages are common types of debt. Here’s how they impact each other. Many Americans use unsecured personal loans to pay off high interest debt, make major purchases, and cover unexpected expenses. As of Q4 2022, the total unsecured personal loan balance was $222 billion, up from $167 billion the previous year, according […]
