Personal Loans

Advertiser Disclosure

When it comes to personal loans, we want to help you make smarter financial decisions. Our experts explain the in’s & out’s of personal loans, highlight the types of loans available—their advantages and disadvantages—and how to improve your chances of getting approved. We also alert you to personal loan scams you should avoid & highlight how personal loans compare to traditional student loans or auto loans.

A Guide to Getting a Loan After Bankruptcy

A Guide to Getting a Loan After Bankruptcy

A Guide to Getting a Loan After Bankruptcy

Advertiser Disclosure Bankruptcy deals a major blow to your credit and hurts your ability to qualify for credit cards and loans. Depending on the type of bankruptcy you file, it can stick on your credit report for up to 10 years. But that doesn’t mean you can’t rebuild your credit andaccess certain loans in the... Read More

Should I Take Out a Personal Loan to Pay Off Debt?

Should I Take Out a Personal Loan to Pay Off Debt?

Should I Take Out a Personal Loan to Pay Off Debt?

Advertiser Disclosure A recent report gathered in the second quarter of 2018 found that Americans collectively carry $13.29 trillion in debt, which is $618 billion higher than 2008’s peak of $12.68 trillion. With debt rising, more and more people are turning to personal loans to pay off their high-interest debts, whether that’s medical bills, credit card balances,... Read More

What Are No Credit Check Loans?

What Are No Credit Check Loans?

What Are No Credit Check Loans?

Advertiser Disclosure Most lenders check your credit history when you apply for a loan. If you have a record of making payments on time and aren’t using most of your available credit, you’re more likely to be approved for mortgages and other types of loans. You’ll also qualify for better interest rates than people with... Read More

What to Look for in Loan Companies

What to Look for in Loan Companies

What to Look for in Loan Companies

Advertiser Disclosure Sometimes you’re in a tight spot and need to borrow money. Personal loans are a great way to borrow money when you need it. But when it comes to finding a loan company, how do you know who to trust? Credit.com is going to help you know what to look for in a... Read More

What are Micro Loans?

What are Micro Loans?

What are Micro Loans?

Advertiser Disclosure A micro loan is a small, short-term loan that you can use to meet financial needs for your busienss. If you’re self-employed, you may need cash quickly, but not enough to justify taking out a big loan. Maybe you need the money to pay your workers or to pay for a marketing campaign... Read More

What You Need to Know before Taking out a Personal Loan

What You Need to Know before Taking out a Personal Loan

What You Need to Know before Taking out a Personal Loan

Advertiser Disclosure Did you know the average American is approximately $38,000 in personal debt, with credit card debt being the leading source? With such a large amount of debt, personal loans are becoming more and more popular, especially for credit card debt consolidation. In the last year alone, 34% of Americans took out a personal... Read More

What is a Bridge Loan?

What is a Bridge Loan?

What is a Bridge Loan?

Advertiser Disclosure Bridge loans is one of those financial terms that we hear, but probably don’t understand. This is what probably keeps lots people from getting a bridge loan, which is unfortunate. Bridge loans can be extremely useful for a lot of consumers and can make buying a home easier. This article will cover what... Read More

Should I Get a Payday Loan for the Holidays?

Should I Get a Payday Loan for the Holidays?

Should I Get a Payday Loan for the Holidays?

Advertiser Disclosure For those of us who work a full-time job, payday often can’t come soon enough. Sadly, what often comes too soon are the bills that have to be paid from our paychecks. When shopping for the holidays gets added to those bills, we feel the squeeze financially. And we can be tempted to... Read More

How Do Personal Loans Impact Your Credit?

How Do Personal Loans Impact Your Credit?

How Do Personal Loans Impact Your Credit?

Advertiser Disclosure Data from TransUnion shows that personal loans are the fastest growing debt in the past year or so. The data goes on to show that outstanding personal loans had an 11.4% increase in the second quarter when compared to the same period in 2017 to get to an astounding $273 million. This brings... Read More

5 Tips to Get Approved for a Personal Loan for Debt Consolidation

5 Tips to Get Approved for a Personal Loan for Debt Consolidation

5 Tips to Get Approved for a Personal Loan for Debt Consolidation

Advertiser Disclosure If you need relief from your high-interest loans or credit card debt, you may be considering a personal loan. Offered by many banks and credit unions, personal loans let you consolidate or refinance your debt into a lower-interest loan with one fixed monthly payment. While they do have some disadvantages – personal loans... Read More

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