Personal Loan Knowledge Center
Personal loans can help you get things done or simply manage old debts more cost-effectively. MoneyRates experts have written on a variety of topics that can help you get the best use out of personal loans.
Types Personal Loans
What types of personal loans are there? Learn personal loans for different purposes, such as:
- Paying medical expenses with a personal loan
- Personal loans for home renovations
- Debt consolidation
Using Personal Loans
Once you decide what you want to do, it’s important to choose the right personal loan for your needs. MoneyRates offers some tips to help you use personal loans wisely, including:
- Finding the best deal on a personal loan
- How personal loans affect your credit score
- Avoiding rip-offs like payday lenders
Borrowing money is an important financial decision. Know what you’re getting into by understanding a little about personal loans first.
Credit card interest rates are typically much higher than other types of lending, like mortgages, personal loans, auto loans, and student loans. With recent rate hikes by the Federal Reserve and potentially more on the way, credit card interest rates are likely to keep rising. If you carry balances on your credit cards, the amount… Continue reading Comparing Options: The Best Ways to Get Rid Of High-Interest Credit Card Debt
A payday loan is a short-term, high-interest loan people sometimes resort to when facing a financial emergency or hardship. While these loans seem convenient because of how easy they are to get, they can be quite predatory because of their high interest rates. Unfortunately, it’s not common for people to get stuck in a payday… Continue reading Breaking Free from the Payday Loan Cycle: Consolidation Solutions
Have you ever had a surprise bill pop up, or an emergency occurs just a few days before payday? You know certain the money is coming, but it’s just not there yet, and you need the cash right now. That’s when it might be tempting to go with a payday loan, but with an APR… Continue reading Cash Advance Apps Unveiled: Pros, Cons, and Alternatives
Grain is a combination of digital credit card and personal loan based on your income or cash flow. Once you transfer money from the app to your checking account, you can pay your expenses as usual and repay it at the end of your billing cycle. Here’s a closer look at the Grain app and… Continue reading Grain Line of Credit & Loan Review 2024
By funding over two million people and counting since 2012, Avant is a lending platform that works with WebBank in various states nationwide. Loans start at $2,000 and go up to $35,000. Here’s what you need to know to determine if Avant is right for you. Avant Personal Loan Pros and Cons Avant, through its… Continue reading Avant Personal Loan Review 2024
EarnIn is a financial technology company that makes it possible for workers to access money before their payday without paying any mandatory fees. Once users sign up and verify their employment information, they may be approved to transfer up to their bank account up to $100 per day for a maximum of $750 per pay… Continue reading EarnIn Loan Review 2024
Oportun personal loans allow you to borrow up to $10,000 to cover bills, pay for unexpected expenses, consolidate debt, or meet other needs. If you live in California, you also have the option to use your car as collateral for a secured loan. You might consider getting a personal loan with Oportun if you have… Continue reading Oportun Personal Loan Review 2024
If you’re looking to pay down your high-interest credit cards and consolidate them into one easier monthly payment, Reach is a company that might suit your needs. With payments sent directly to creditors, vital customer service, and a hardship plan for those who run into financial trouble, Reach offers more than the average lender. Reach… Continue reading Reach Personal Loans Review 2024
You might be familiar with Earnest as a lender who handled private student loans. However, Earnest has now partnered with Fiona to work as a lender-matching service. Though you can apply for a personal loan through Earnest, you will work with one of the company’s partners to sign the loan and make your payments. Here’s… Continue reading Earnest Personal Loan Review 2024
Personal loans can come in handy in all sorts of situations. You might use one to consolidate debt, purchase a vehicle, or complete home repairs. In most cases, these loans are unsecured, which means you won’t have put up any property, such as your home, as collateral. If you’re in the market for a personal… Continue reading How Can You Make Sure You’re Getting a Good Rate on Your Personal Loan?