Nerd Wallet

OCTOBER 13, 2021

Personal loans accounted for $148 billion in consumer debt in the fourth quarter of 2020, a decline from the same period in 2019, according to credit bureau TransUnion. Personal loans are usually unsecured, meaning they don’t require collateral like a house or a car, and you can use them for almost anything.

Personal loans 87

Personal loans Loans Collateral Credit Bureau 87

Roths Child Law

MARCH 11, 2022

It may make it so it’s harder for you to get credit or loans in the future, at least for a few years. If you do need a personal loan after your Chapter 7 or Chapter 13 bankruptcy, it may be possible to get it. You may think that you won’t be able to get a loan until after that, but fortunately, you can.

Personal loans 98

Personal loans Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 98

Nerd Wallet

AUGUST 11, 2020

A personal loan may be harder to get now than before the coronavirus pandemic took hold. A shaky economy has forced some lenders to tighten their credit standards and examine applicants more closely. But it’s still possible to qualify for a loan. Annie Millerbernd is a writer at NerdWallet.

Personal loans 94

Personal loans Loans Lender 94

Better Credit Blog

JUNE 1, 2022

Borrowing money costs more when you have bad credit — and your choices for a loan will be limited — which is why we have helped you narrow down your list by finding the top 6 best personal loans for bad credit. Use this time to fix your credit before applying for loans. 6 Best Personal Loans for Bad Credit.

Personal loans 86

Personal loans Loans Lender Collateral 86

Credit Corp

MARCH 12, 2025

Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan.

Loans 52

Loans Personal loans Lender Collateral 52

Better Credit Blog

MAY 20, 2022

Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. With low interest for borrowers with strong credit scores, fixed rates, and a variety of lending sources to choose from, it’s easy to see why personal loans are so enticing. How Personal Loans Work.

Personal loans 76

Personal loans Loans Lender Collateral 76

Nerd Wallet

MAY 18, 2022

Qualifying for a personal loan can be challenging for anyone, but non-United States citizens have an especially difficult time. Many lenders have strict eligibility requirements in terms of citizenship, leaving non-citizens with limited access to affordable financing. Citizens Get a Personal Loan?

Personal loans 82

Personal loans Loans Lender 82

Nerd Wallet

OCTOBER 29, 2020

A personal loan could be an option if you want to consolidate high-interest debts in one monthly payment or finance a large project like a home renovation. But qualifying for a personal loan can be a bit more complicated if you’re self-employed. Sara Rathner is a writer at NerdWallet. Email: srathner@nerdwallet.com.

Personal loans 88

Personal loans Loans Lender 88

Nerd Wallet

OCTOBER 3, 2022

Personal loans provide fast, unsecured funds that can pay for anything from home repairs to medical emergencies. Instead of requiring collateral like a house or car, many lenders prefer applicants with strong credit and high incomes. But what if you don’t meet a lender’s requirements? Email: amillerbernd@nerdwallet.com.

Personal loans 81

Personal loans Loans Collateral Lender 81

Credit Corp

DECEMBER 14, 2020

And her bank wouldn’t give her and her husband Larry a loan to buy a replacement home. Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development Financial Institution (CDFI). Flexible loan amounts. Support beyond the loan.

Lender 98

Lender Loans Personal loans Financial Institution 98

Nerd Wallet

NOVEMBER 22, 2022

Peerform, an online lender that once offered peer-to-peer personal loans, no longer accepts new loan applications. The lender offered mid-sized loans to consumers with fair and bad credit (scores below 690) using the peer-to-peer model, by which a lender connects borrowers with investors who can fund their loans.

Personal loans 13

Personal loans Loans Lender 13

Nerd Wallet

NOVEMBER 6, 2020

A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to seven years. Though it’s usually best to dip into your savings or emergency fund to cover unexpected expenses, personal loans can be a good option for non-discretionary.

Personal loans 67

Personal loans Loans Credit Unions Credit Unions 67

Nerd Wallet

OCTOBER 26, 2021

You’ve researched a few different financing options and settled on a personal loan, but your work isn’t done yet. The next step is to decide which lender can make you the best offer. Affordability should be a top priority: If one lender offers a standout annual percentage rate, that’s probably the best option.

Personal loans 73

Personal loans Loans Lender 73

Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal.

Personal loans 65

Personal loans Loans Lender Student Loans 65

Nerd Wallet

OCTOBER 8, 2021

It’s not impossible to get a personal loan if you have low income. While many lenders have minimum income requirements, others care more that you have steady income versus a particular amount. Still, even if you qualify for a personal loan with low income, carefully consider taking on debt if the monthly payments strain your.

Personal loans 68

Personal loans Loans Lender 68

Katabat

DECEMBER 2, 2019

“Katabat’s combined debt management and customer experience technology stack affords us the power and flexibility to help our members, as well as SoFi team members they are working with, resolve past due loans fast,” said Justin Parker, Senior Director of Loan Servicing, Collections and Recovery, SoFi.

Personal loans 78

Personal loans Loans Collections Debt Management 78

Nerd Wallet

OCTOBER 16, 2020

Backed, a lender that offered low-rate, co-signed personal loans, appears to no longer offer unsecured personal loans. The lender no longer has an online presence and NerdWallet is unable to contact the company. You can find a personal loan at banks, credit unions and online lenders.

Personal loans 52

Personal loans Loans Credit Unions Credit Unions 52

Nerd Wallet

MAY 24, 2022

For many, a payday loan may seem like the only way to get necessary cash. In recent years, however, as more states set restrictions on risky, short-term loans, new lenders offering lower-cost small loans. The article New Laws, Lenders Boost Access to Affordable Small Loans originally appeared on NerdWallet.

Lender 89

Lender Loans Personal loans 89

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

Personal loans 52

Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Credit Corp

MAY 1, 2024

Paying off a credit card with a personal loan can offer the advantage of potentially lower interest rates, saving money on interest charges over time. However, the personal loan could come with origination fees or other charges that should be carefully considered. What Is a Personal Loan?

Personal loans 52

Personal loans Loans Collateral Lender 52

Credit Corp

NOVEMBER 14, 2024

Credit cards and personal loans are both ways to borrow money, but key differences can make one option better than the other in certain financial situations. The main difference is that credit cards offer a continuous line of credit (called a revolving line of credit), while personal loans provide a specified amount of money.

Personal loans 52

Personal loans Loans Debt Consolidation Consolidate Debt 52

Credit Corp

JANUARY 24, 2024

A personal loan enables you to borrow a lump sum of money and repay it in fixed installments. While personal loans can be a useful tool, there are important factors to consider before taking one out. According to recent statistics , millions of Americans have personal loan debt, with the average loan amount being $16,931.

Personal loans 52

Personal loans Loans Debt Consolidation Collateral 52

Sawin & Shea

JUNE 16, 2021

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. Prequalify through several lenders. This is not true.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 98

Better Credit Blog

APRIL 1, 2022

If you need money now, an online personal loan can be a fast and easy way to secure funds. Whether they’re for debt consolidation, a home improvement project, or other expenses, these loans often come with low-interest rates and flexible repayment options. Ad If you're struggling to make ends meet, a Personal Loan can help.

Personal loans 52

Personal loans Loans Credit Unions Credit Unions 52

Nerd Wallet

DECEMBER 3, 2021

Cash-back auto loan refinance allows you to borrow more than you owe on your current loan and receive the difference in cash. Because the loan is secured by your car, interest rates may be lower than other sources of cash, such as a credit card, payday loan or personal loan. Not all auto refinance lenders.

Loans 85

Loans Personal loans Lender 85

Credit Corp

JULY 25, 2023

Can you pay a loan with a credit card? Yes, paying a loan with a credit card is sometimes possible. Yet, whether or not you can do so depends on factors such as the lender’s policies or the type of loan you want to pay off. Are you looking for a creative way to pay off your loans?

Loans 96

Loans Student Loans Student loans Lender 96

Credit Corp

MARCH 23, 2021

The following is a guest post from Paige Williams, a public relations specialist with New Roads Auto Loans. When most people think about credit and a car loan, they’re thinking about what credit score qualifies them for the car loan. However, that’s not the only way that a credit score will affect a vehicle loan.

Loans 98

Loans Lender Credit Bureau Student Loans 98

Credit Corp

AUGUST 24, 2021

Vacation loans can help you cover all expenses, from transportation costs to accommodations and food. But these loans aren’t as perfect as they seem. These kinds of loans come with potentially high interest rates and fees. What Is a Vacation Loan? How Much Could the Vacation Loan Cost?

Loans 76

Loans Personal loans Credit Unions Credit Unions 76

Nexa Collect

AUGUST 26, 2020

But in the same way that personal loans hinge on an individual’s credit score, business loans depend on a company’s business credit score. Loans Are More Likely to Be Approved. Lenders are far more likely to greenlight loans and lines of credit when the odds are good that they’ll be paid back on time.

Personal loans 130

Personal loans Lender Loans 130

Nerd Wallet

JUNE 11, 2021

Applying for a loan is no different. For personal loans, self-employed workers have access to the same lending options as everyone else — though you’ll probably have to provide some extra documentation to prove to a lender. Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com. Twitter: @@rozmurph.

Loans 82

Loans Personal loans Lender 82

Credit Corp

DECEMBER 22, 2023

Has a friend or family member asked you for a loan? The trick is to know how to loan money the right way. Before you agree to loan any money to a friend or family member, think about how reliable they are. Secondly, you might want to ask them what they need the money for and why they can’t take out a personal loan.

Loans 98

Loans Personal loans Lender Banks 98

Credit Corp

JULY 31, 2024

In recent years, the rise of digital lenders like SoFi and Ally has transformed the lending landscape, offering borrowers new options for obtaining loans quickly and conveniently. But what sets these digital lenders apart from traditional banks and credit unions?

Lender 52

Lender Loans Student Loans Student loans 52

Credit Corp

SEPTEMBER 16, 2020

Credit Builder Loans. Credit builder loans aren’t widely publicized, but they are a great way to build credit without a credit card. Smaller institutions like credit unions are generally more likely to offer credit builder loans specifically to help borrowers build credit. Passbook or CD Loans. Peer-to-Peer Loans.

Student Loans 105

Student Loans Student loans Personal loans Loans 105

Sawin & Shea

JULY 6, 2022

A common question we receive from those considering bankruptcy is how it impacts personal guarantees. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee. What Is a Personal Guarantee? Does a Personal Guarantee Survive Bankruptcy?

Bankruptcy 130

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student Loans 130

Better Credit Blog

JUNE 1, 2022

Getting loans, credit cards and other types of credit can be difficult for borrowers without a good credit history, queue, a credit builder loan. What Is A Credit Builder Loan. How Credit Builder Loans Work. Credit builder accounts work like this: It’s a small loan that as you pay to yourself.

Loans 95

Loans Credit Unions Credit Unions Lender 95

Nerd Wallet

NOVEMBER 23, 2020

A point-of-sale loan lets you break down a purchase into a series of smaller payments, so you can buy now and pay later. The article Should You Choose a Point-of-Sale Loan to Gift Now and Pay Later? Email: jveling@nerdwallet.com. originally appeared on NerdWallet.

Loans 104

Loans Retail Lender Personal loans 104

Nerd Wallet

JUNE 22, 2021

A signature loan is a fixed-rate, unsecured personal loan offered by an online lender, bank or credit union. It’s called a signature loan because it’s secured by your signature instead of collateral, like a car or an investment account. The article What Is a Signature Loan? The best way to.

Loans 62

Loans Credit Unions Credit Unions Creditworthiness 62