It’s fair to say that personal loans have become a pretty popular way for consumers to borrow money. On a national level, personal loan balances reached $222 billion as of 2022’s fourth quarter, according to recent data from TransUnion. If you have a need to borrow money, you may be inclined to take out a personal… Continue reading 3 Mistakes You Might Make When Applying for Your First Personal Loan

Personal loans can be a bad choice if you have cheaper options. But there are good reasons to choose them, too. Personal loans are not always bad. They can provide cash in an emergency or help pay off high-interest debt. If you work with a reputable lender and can afford to repay it, getting a… Continue reading Are Personal Loans Bad? Not Always

Since the financial crisis, consumer credit in its many forms—from student loans and mortgages to auto loans and credit cards—has grown. In recent years, a strong economy and job market have encouraged many people to spend and borrow more. Not all debt is harmful to your financial health. In fact, many people divide borrowing into… Continue reading Good Debt, Bad Debt: Knowing the Difference

Personal loan funds can be used for a number of purposes, including debt consolidation and medical expenses. It can be a good solution if you need funds fast — some lenders can deposit funds into your account as fast as the next business day. Plus, average rates are typically lower than some other forms of… Continue reading The pros and cons of personal loans