Tag: Personal Loans and Advice

Best Medical Loans of December 2023
Money

Best Medical Loans of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages What Is a Medical Loan?A medical loan is typically an unsecured personal loan that can be used for medical expenses. An unsecured loan does not require collateral. Your l...
What Is a Tax Refund Advance? | Personal Loans and Advice
Money

What Is a Tax Refund Advance? | Personal Loans and Advice

For many, springtime means relief in the form of a tax refund. But if you need money right now, waiting for the IRS to issue your refund might not be ideal.That's where a tax refund loan comes in. While these loans can get you early access to funds, they can be expensive and unnecessary."Consumers should carefully consider the advantages of having quicker access to the money versus the costs incurred to obtain the loan," says April Walker, lead manager for tax practice and ethics with the American Institute of Certified Public Accountants.Read below to learn how to get a tax refund loan, where to find one and if it's the best option for you.What Is a Tax Refund Loan?When you file your tax return, you may end up owing the government money or getting a refund from the government. If you are...
Best Installment Loans of 2023
Money

Best Installment Loans of 2023

What Is an Installment Loan?An installment loan gives you all of your money upfront, with a date that you must repay the entire loan. You pay back a portion of the principal you borrowed, plus interest, with each loan payment you make.In contrast, revolving credit allows you to borrow up to a limit, repay it and borrow again indefinitely. Examples are credit cards, personal lines of credit and home equity lines of credit, also called HELOCs."An installment loan is your best option when you know how much money you will need," says Mike Vierzba, licensed financial consultant with T. Rowe Price in Colorado. Another major benefit: "Installment loans are cheaper debt, meaning they will generally have a lower interest rate than their revolving counterparts."Find the Best Student Loans for You L...
Best Personal Loans for Excellent Credit of December 2023
Money

Best Personal Loans for Excellent Credit of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages Find the Personal Loan That's Right for You Which Bank Has the Best Personal Loan Rates?To find the lowest interest rates, you can prequalify for loans with a soft inquir...
Best Personal Loans of December 2023
Money

Best Personal Loans of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages What Is a Personal Loan?A personal loan is a type of lump-sum loan that you repay in fixed monthly payments over a set period of months or years, unlike a credit card or ...
Best Emergency Loans for Bad-Credit Borrowers of December 2023
Money

Best Emergency Loans for Bad-Credit Borrowers of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages What Is an Emergency Loan?An emergency loan is typically a personal loan that offers fast approval and funding for quick access to cash. "While every lender is different,...
Best Personal Loans for Fair Credit of December 2023
Money

Best Personal Loans for Fair Credit of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages Can You Get a Personal Loan With Fair Credit?Fair credit can be a barrier to approval with some personal loan companies, but not all. Lenders may rely heavily on your cre...
Best Debt Consolidation Loans of December 2023
Money

Best Debt Consolidation Loans of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages What Are Debt Consolidation Loans?A debt consolidation loan is a type of personal loan that combines high-interest debts and allows for one fixed-interest monthly payment...
Best Personal Loans for Veterans of December 2023
Money

Best Personal Loans for Veterans of December 2023

What Are the Current Personal Loan Rates? The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July: Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates: Bankrate Averages Why Do Veterans Need Personal Loans?Veterans take out personal loans for a variety of needs, ranging from paying off credit card debt to managing moving expenses and maki...
How Do Pawnshop Loans Work? | Personal Loans and Advice
Money

How Do Pawnshop Loans Work? | Personal Loans and Advice

If you need cash right away and you own something of value, you might consider taking out a pawnshop loan. These secured loans are relatively quick and easy. You'll head to a pawnshop and bring your property as collateral in exchange for cash. But a pawn loan is different from other types of debts because you're not obligated to repay it, as long as you're OK with forfeiting the collateral. While pawn loans come with some upsides, you should understand all of their features before using one.How Do Pawnshop Loans Work?If you want a pawnshop loan, the pawnbroker will not pull your credit but instead offer you a loan based on the value, condition and resale potential of your item. The amount you get largely depends on the pawnshop, which might lend as little as 15% or as much as 60% of the i...