If you want to use a personal loan to overcome a financial difficulty or consolidate your debts, you are not alone. According to research by Bankrate, the average consumer had personal loan debt of around $16,458 in 2020. Before you go ahead with borrowing the funds you need, you needRead More →

Americans’ credit scores have improved markedly over the past year, especially for people paying off student loan debt. Credit scores have risen, largely thanks to government interventions to keep households afloat financially during the pandemic, according to a report from the New York Federal Reserve released on Tuesday on Americans’Read More →

Here’s a breakdown of payday loan demographics by parental status. Parents are more likely to take out payday loans than non-parents. Parental status Percentage having used a personal loan non-relative 5% relative 8% payday loans in america The rates and terms of payday loans can vary widely by state. SomeRead More →

No credit check loans are loans where the lender does not check the borrower’s credit before approving and lending loans. These types of loans can be tempting if your credit is poor and you don’t qualify for other products. However, no credit check loans can be risky and are generallyRead More →

Nowadays, people are increasingly meeting their short term monetary needs by using low cost credit facilities, mainly personal loans. The transformational change in the banking and lending systems has greatly benefited consumers as well as financial institutions. Consumers have won because it allows them to borrow money easily and quickly;Read More →

Providing fast, fair, and personalized personal loans is Plenti’s goal, and five-star reviews are their game. Founded in 2014, Plenti (formerly known as RateSettler) is Australia’s first consumer lending platform that enables ordinary Australians to invest directly in consumer loans. Committed to helping clients bring their big ideas to life,Read More →

Editor’s note: 3.25 out of 5 stars The bottom line: Citibank offers personal loans with decent interest rates compared to the competition. However, only existing Citi customers are eligible for loans and the amount you can borrow is limited. Citibank personal loan amounts and interest rates Citibank loan amounts rangeRead More →

What you need to know about unsecured personal loans from WMO. Whether you need a personal loan to finance home renovations, a car, a wedding, or other life expenses that arise, it can be difficult to find the right provider. The interest rate is only one thing you need toRead More →

The pandemic has turned the lives of many people upside down: some have managed to maintain and increase their income, while others, unfortunately, have partially or totally lost them. Therefore, it is not surprising that people started looking for additional income opportunities and taking out personal use loans to stayRead More →

Given the impact of this financial decision, home loan aspirants should be careful about the lender they choose to borrow from and the home loan application process itself. Although the application process is not very complex, one must ensure that they follow it through and meet the prescribed eligibility criteria,Read More →

The peer-to-peer consumer credit market has seen upheaval over the past 18 months or so with a number of exits and new entrants. RateSetter exited the space following its acquisition by Metro Bank. And in late 2019, Leap Lending was launched while this year Connective Lending and Plend both joinedRead More →

The process of obtaining pre-approval can be an exciting, but time-consuming affair. Gathering all the relevant paperwork can be overwhelming, but without prior approval you won’t know your borrowing authority and may not be able to make a secure bid on a property. Prospective borrowers may be hoping to streamlineRead More →

The fintech industry has made the lending process easier, faster, and simpler, replacing the tedious financial practices of traditional financial institutions with technological intelligence, sophisticated algorithms, complex analytics, and machine learning. Simple online loan application, no collateral requirement, and disbursement of funds in less than a week has dramatically improvedRead More →

Personal loans are a blessing in times of emergency, financial crisis, or any medical need. This is one of the best options for getting funds without much hassle, especially with a lower interest rate than other instant credit options like a credit card. With banks and non-bank finance companies (NBFCs)Read More →