Articles tagged #PersonalLoan

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Pros and Cons of Using a Personal Loan for Business Expenses

Kat Tretina May 5, 2022
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If you dream of starting a business or want to expand your side hustle, finding the money you need to make your goals a reality can be difficult. Most business loan lenders require you to be in operation for several years before you can qualify for a loan; if your business is new, you won’t be eligible for a loan.
When Life Gives You Lemons, Get a Personal Loan

Chelsea Denning April 20, 2022
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In the past, personal online loans developed a bad rep for extremely high interest rates. Over the years, many companies have disrupted the personal loan space with cheap loan options. The rates have become so competitive that some people prefer unsecured loans over traditional options. Here’s why.
5 Tips for Using a Personal Loan for Job Relocation

Kat Tretina January 8, 2022
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Relocating for a new job can be exciting, scary, and expensive. If you don’t have enough money stashed away in savings to cover the cost, you may be thinking of charging your moving expenses to a credit card. But there may be a better way: using a personal loan.
Should I Use a Personal Loan to Start My Business?

Kat Tretina October 1, 2021
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When you have a great idea for a business, the biggest roadblock to your success is money. Depending on how much you need to get started, a personal loan may be a good option to consider. But before you fully commit, take a look at this list of pros and cons to make sure it’s right for you.
Using a Personal Loan for Medical Procedures

Kat Tretina November 22, 2019
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Medical loans are a form of a personal loan. They’re specifically designed to pay for medical expenses, including essential or elective procedures. They’re unsecured, meaning you don’t have to put up any property as collateral, and they can even be used to cover the cost of your deductible or out-of-network fees.
How to Use a Personal Loan to Launch a Freelance Business

Kat Tretina October 12, 2018
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Many new freelancers and business owners go through the same thing. They have trouble getting the money they need because they’re so new. If you are entering into the world of freelancing and are needing the extra funds to be successful, learn more about how a personal loan might be best for you.
Best Personal Loans for Debt Consolidation

Holly Johnson August 23, 2018
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If you want to get out of debt this year and know a personal loan could help, it’s smart to compare loan companies to see what they can offer. Read on to learn about the services that offer personal loans with low rates and could help you save money on interest, pay down debt faster, and simplify your financial life.
Money Lessons You Can Learn with a Personal Loan

Holly Johnson July 25, 2018
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While personal loans have gotten a bad rap, there are benefits that come with taking one out. If you have good credit, personal loans can also come with competitive interest rates that are much lower than you would get with a credit card.
What Happens if You Default on a Personal Loan?

Kat Tretina May 3, 2018
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When you take out a personal loan, you agree to a set monthly payment. It’s a binding contract that you have to meet, or you risk entering default. That might not sound serious, but it can have significant consequences.
How to Get a Personal Loan With a Credit Score Under 600

Kat Tretina March 12, 2018
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Whether you have to pay for an unexpected car repair or need to a loan to cover the cost of a home improvement, a personal loan can be a smart financing option. But, with poor credit, it can be more challenging to find a lender willing to work with you. If your credit score is less-than-perfect, check out these 5 tips to help you find a loan.
3 Smart Reasons to Take Out a Personal Loan

Kat Tretina February 12, 2018
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Personal loans are a popular way to borrow because they’re typically easy to get and don’t require any collateral. To help you determine whether you’re right to consider a personal loan, we’ll cover three good reasons to apply for a personal loan, and also a few bad ones.
How to Get a Personal Loan with Bad Credit

Kat Tretina January 29, 2018
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Whether if you have credit card debt or are facing an emergency and need extra cash, a personal loan can be a useful tool. However, if you have less-than-stellar credit, finding a lender to approve you can be tricky. But, it’s not impossible. Here’s what you need to do to get a personal loan with bad credit.
4 Factors to Consider Before Taking Out a Personal Loan

Kat Tretina October 27, 2017
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I decided to take out a personal loan to wipe out my credit card debt. My new loan had a much lower interest rate, so more of my payments went towards the principal rather than interest. Taking out that loan helped me become debt-free much faster. While a personal loan was a smart choice for me, they’re not for everyone. Here’s what you need to consider before applying for a loan.