Loans
Latest Loans News
How to calculate interest on a loan: Tools to make it easy
Key takeaways Lenders charge two types of interest to earn money on the amount borrowed: simple or amortized. Short-term loans,…
How to manage your personal loan and save money
Key takeaways Set up an automated payment if it’s offered by the lender to keep on top of your loan…
What is an unsecured loan?
Key takeaways Unsecured loans are debt products that do not require collateral but may come with higher interest rates and…
Should you use a personal loan to invest and build wealth?
Key takeaways Personal loans are generally free of spending restrictions, so you can potentially use the funds to invest. However,…
How to improve your credit score with a personal loan
Key takeaways Personal loans can boost your credit score by adding to your credit mix and reporting a positive payment…
What you need to know about payday loans
Key takeaways Payday loans are small loans with high fees that typically have to be paid off in 14 days.…
Personal loans vs. home equity loans: Which is right for you?
Key takeaways Personal loans and home equity loans can provide a much-needed source of funding if you need cash. Personal…
Personal loan interest rates in 2023 | Facts and statistics
Personal loan debt in the U.S. reached $210 billion in the third quarter of 2022, and the number of consumers…
Average credit score for personal loans
The average FICO credit score in the U.S. is currently 716, according to recent data from FICO. This average has…
Personal loans for college students: Should you ever consider one?
You may have used federal or private student loans to cover tuition, housing, textbooks, and other higher education expenses. Unfortunately,…
