Peter Miller
Recent Articles By Peter Miller
Personal Loans for Fair Credit March 2023
Are personal loans for fair credit borrowers a good financial option? If the answer is yes, then what personal loan interest rates can borrowers expect?
What Is Credit Monitoring?
Credit monitoring is a modern necessity, a way to spot identity theft and financial fraud. But should you pay for credit monitoring services?
Types of Personal Loans
Most personal loans are unsecured with fixed interest rates and payments. But there are other types of personal loans. These include loans secured by collateral, loans with variable interest rates and lines of credit. The best personal loan for you depends on your purpose, income and credit rating.
What Is A Personal Loan Origination Fee?
What is a personal loan origination fee? Is it always required? And if not, why would you ever want to pay it?
Pros and Cons of Personal Loans
Personal loans are not good or bad. Like money, personal loans are neutral. They are either right for you or wrong for you depending on your circumstances. And on your reason for borrowing.
What Is A Loan? Learn About Types of Loans
What is a loan? It seems like a simple question. You need money, you ask someone to lend it to you, and you pay it back. But there are many types of loans for many purposes. This article covers the attributes of a loan and helps you decide what kinds of financing are right for your needs.
Do Personal Loans Affect Your Tax Return?
If you’re considering a personal loan, you may be concerned about their effect on your taxes. Can you write off or deduct personal loans? Are personal loan proceeds considered taxable income? Most personal loans don’t affect most people’s taxes – but you should know the exceptions or face possible costs.
Secured Vs Unsecured Personal Loans – What’s The Difference?
Personal loans are usually unsecured. Unsecured personal loans are only backed by your promise to repay them – your “personal” guaranty. If you are having a hard time getting approved for an unsecured loan, or you don’t like the interest rate the lender offers, consider a secured personal loan. Secured personal loans are backed by collateral – an asset that the lender can repossess if you don’t repay the loan.
How to Manage Your Personal Loan Payments
Getting a personal loan is about more than securing loan approval:
- Budget and manage your personal loan payments
- Pay on time to improve your credit history and score
- Consider refinancing or paying off your personal loan early
A personal loan can be your first loan and opportunity to build credit or a tool to consolidate and pay off credit that you already have. Here’s what you need to know to manage it wisely.
How Do I Get A Loan If I’M Self-Employed? – Things to Know
It can be harder to find loans if you’re self-employed. But lenders will approve installment loans for self-employed applicants if:
- Their credit meets minimum guidelines
- Income is consistent and reliable
- The business and industry is healthy
Self-employed borrowers often have to supply more documentation than wage-earners to prove these things. This article illustrates what you’ll probably need to apply for a personal loan when self-employed.