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Personal Loans Articles | Page 3

When you're trying to get out of debt, a personal loan may be right for you. Get more information about personal loans and whether they are a good fit for your situation.
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Recent Articles

A woman reading papers at an office desk.
Nov. 6, 2023 | By Maurie Backman

3 Reasons a Personal Loan Is Better Than a 401(k) Loan

Need a loan? Read on to see why a personal loan may be a more optimal choice than a 401(k) loan.
Two people at home looking at a tablet and paperwork.
Nov. 5, 2023 | By Maurie Backman

3 Reasons It Really Pays to Avoid a Personal Loan for the Rest of the Year

Thinking of signing a personal loan? Read on to see why you may want to wait until January 2024 -- or even beyond.
A woman sitting on the couch in her living room reading paperwork in her hand.
Nov. 3, 2023 | By Christy Bieber

Ask Yourself These Questions to Decide Whether to Take Out a Personal Loan or a Home Equity Loan

You may be able to borrow via a personal loan or a home equity loan -- but it's important to understand the differences between the options. Find out how.
A person types on a laptop while sitting on the couch at home.
Nov. 1, 2023 | By Christy Bieber

3 Steps to Take Before You Get a Personal Loan to Pay Off Credit Card Debt

It's best to approach debt payoff with a solid plan. Keep reading to learn why this applies when you're getting a debt consolidation loan.
Family of four smiling and waving out of a car.
Oct. 29, 2023 | By Dana George

This Is the Average Monthly Car Payment in 2023. How Do You Compare?

The average monthly car payment has hit a new high. Keep reading to learn where it currently stands.
A woman reading paperwork at a desk.
Oct. 29, 2023 | By Christy Bieber

What Does Taking Out a Personal Loan Do to Your Credit Score?

A personal loan is reported to the credit reporting agencies. Take a look at what this could mean for your credit score.
A man sitting at a sunny desk and looking up something on a laptop.
Oct. 29, 2023 | By Maurie Backman

Is a Personal Loan a Good Option for Consolidating Medical Debt?

Have medical bills you're juggling? Read on to see if a personal loan is a good option.
Two people sitting on a bed and looking at paperwork next to an open laptop.
Oct. 28, 2023 | By Christy Bieber

Can You Fund Really Big Purchases With a Personal Loan?

It is possible to finance really big purchases with a personal loan. Keep reading to learn what to consider when looking for a lender.
A woman sitting at her kitchen table and looking at a laptop while filling out paperwork.
Oct. 28, 2023 | By Christy Bieber

Should You Pay More Than the Minimum on Your Personal Loan?

If you have a personal loan, you may have the option to make extra monthly payments. Read on to decide if that's a good idea.
A man standing in his living room and looking between two pieces of paper held in each hand.
Oct. 28, 2023 | By Maurie Backman

I Need $1,000. Is a Personal Loan a Good Solution?

You might need a small amount of money to cover an unexpected bill. Is a personal loan your best bet? Read on to find out.
Family passing around Christmas gifts
Oct. 27, 2023 | By Maurie Backman

Should You Take Out a Personal Loan to Pay for the Holidays?

You may be tempted to borrow for the holidays. Is that a good idea? Read on to find out.
A person looking at paperwork and a laptop while standing at the kitchen counter.
Oct. 27, 2023 | By Christy Bieber

How Quickly Could You Get the Money From a Personal Loan?

If you need money fast, will a personal loan work for you? Find out how quickly the funds can hit your bank account.
Two people meeting with a third person in an office and shaking hands across the desk.
Oct. 27, 2023 | By Christy Bieber

Where Can You Get a Personal Loan?

Personal loans are available from a variety of lenders, including banks and online companies. Learn how to decide which type of lender is right for you.
A woman reading paperwork at a desk.
Oct. 26, 2023 | By Dana George

What Are the Monthly Payments on a $5,000 Personal Loan?

The cost of borrowing $5,000 varies, depending on the borrower's credit history. Here's how much it might cost you to borrow the money.
A mature couple sitting at a kitchen table with papers, a laptop, and a calculator.
Oct. 24, 2023 | By Matt Frankel, CFP®

Can You Get a Personal Loan to Pay Your Taxes?

You can use a personal loan for just about anything. Even paying Uncle Sam. Read on to learn how a personal loan could be the answer to your tax bill.
A man standing in his living room and looking between two pieces of paper held in each hand.
Oct. 20, 2023 | By Matt Frankel, CFP®

Is a Personal Loan a Smart Way to Get Out of Debt?

Personal loans can be excellent financial tools. Find out if one could help you get out of debt faster.
A woman sitting at a table in an office meeting room and signing paperwork.
Oct. 10, 2023 | By Christy Bieber

How Long Should Your Personal Loan Repayment Term Be?

When you get a personal loan, you'll need to make a decision about how long of a loan term you want. Here's how you can decide.
A woman sitting at a sunny kitchen table with her laptop and notes in front of her.
Oct. 8, 2023 | By Christy Bieber

5 Tips to Help You Get Approved for Your Personal Loan

You should check your credit and pick the right lender before applying for a personal loan. Here's how following these and other tips can help you get approved.
A woman sitting at her kitchen table and typing on a laptop next to paperwork.
Oct. 7, 2023 | By Christy Bieber

How to Successfully Shop Around for the Best Personal Loan Rates

Finding the best rate on a personal loan can save you thousands. Keep reading to learn how to approach rate shopping.
A person looks over paperwork and uses a tablet in their kitchen.
Oct. 7, 2023 | By Christy Bieber

Can -- and Should -- You Refinance a Personal Loan?

Refinancing a personal loan is possible and it could make sense. Read on to learn when it's worth considering.
young man sitting at desk using laptop and thinking
Oct. 6, 2023 | By Christy Bieber

Ask Yourself These Questions to Decide if a Personal Loan or a Credit Card Is the Best Financing Option

Personal loans and credit cards are popular ways to borrow money. Here's what to consider when choosing between them.
A couple fills out financial paperwork as they smile while leaning against a kitchen island.
Sept. 30, 2023 | By Maurie Backman

Personal Loans Are Unsecured. Here's What That Means for You as a Borrower

A personal loan could be a great way to borrow, but you'll need decent credit to qualify. Read on to see why.
A man comforts a tearful woman after a funeral.
Sept. 28, 2023 | By Maurie Backman

Should You Take Out a Personal Loan to Travel for a Funeral?

Honoring a loved one is important. Read on to see if you should borrow via a personal loan to attend a funeral of someone who meant a lot to you.
Mature man going over paperwork with young couple.
Sept. 27, 2023 | By Maurie Backman

3 Reasons Why HELOCs Aren't as Great as You Think They Are

Tapping home equity by putting a HELOC in place might seem like a solid move. Read on to see why it's a decision you might regret.
Two people looking worried while reviewing bills at their kitchen table.
Sept. 26, 2023 | By Chris Neiger

5 Ways to Keep Saving for Retirement When You're Tackling Loan Payments

America's debts are stacking up. Here's how to stay on track with your retirement if you're paying your debt down.