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Category: Personal Loans

Whether you want an infusion of cash to cover a large purchase, or need help paying unexpected medical bills, you may benefit from taking out a personal loan. Because they are not tied to a single use, such as an auto loan or mortgage, they can be used in a seemingly endless number of ways.

However, their versatility is exactly why personal loans can be so confusing. No one’s financial circumstances are the same, and depending on your situation, taking out a personal loan may not be the best choice for you.

We understand how important it is to be well-informed about your financial options. That’s why we’ve created this resource center — so you can learn about personal loans and make the best decisions possible for yourself and your finances.

Can You Get a No-Interest Loan?

A pen sits on top of a loan application that is rubber stamped "approved."

No-interest loans can help someone who has financial hardship get ahead of a large purchase, such as furniture, medical debt, and sometimes auto loans. By paying off the loan amount within the required time limits, you only pay the principal, no interest. These loans can potentially put people into more debt if the loan amount […]

How to Get a Personal Loan From a Bank

A closeup of a person filling out a document labeled "loan application."

If you plan on applying for a personal loan, you are going to need to get prepared by gathering some important personal and financial documentation. The lender will also need access to your credit score and credit history to decide if you meet the requirements to be approved for a personal loan. Get Your Credit […]

How to Detect and Avoid Personal Loan Scams

An internet scammer, dressed in all black, sits at a laptop.

Personal loans can be great for medical emergencies, consolidating debt, home improvement projects, and a variety of unexpected expenses. Because of the popularity of personal loans, there are predators out there who want to take advantage of you with various methods of loan fraud. In fact, 2019 saw an increase of fraud from an already rampant surge […]

Everything You Need to Know About Getting a Personal Line of Credit

A pen sitting on top of a financial application form.

A personal line of credit (PLOC) is an amount of money that a creditor has agreed to lend you until the time length of the credit has expired. Unlike a personal loan, where the total amount you have been authorized for is granted in one lump sum, a personal line of credit gives you access […]

6 Things to Do If You Can’t Get Approved for a Loan

A loan application is stamped "denied."

Getting denied when you apply for a loan can be frustrating. If you continually get rejected when you apply for credit, it could become frightening. You may fear that your life will get put on hold. How can you buy a home, get a car, or consolidate your debts if you cannot borrow money? If […]

Is Affirm Safe for Personal Loans?

Eyeglasses and cash sit on top of a personal loan contract.

Affirm is a company that offers point-of-sale credit and personal loans for one-time purchases. These personal loans are offered right at checkout when you’re making a large purchase with a retailer or you can apply for a loan on the company’s website. The loan is unique because it’s strictly used for a purchase through a participating […]