Image source: Getty Images You might want to go for a personal loan for a big reason. Key points Personal loans are unsecured, while home equity loans use your property as collateral. It’s important to keep up with loan repayments no matter what, but you may prefer a personal loanRead More →
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 →
As previously announced, BigPay is now offering digital personal loans with the aim of empowering the unbanked community. BigPay is a Capital A-invested digital finance platform that started as an e-wallet with a physical prepaid card. At present, they have 1.2 million transaction card users and they saw 2x year-over-yearRead More →
item Consolidating your credit card debt into a personal loan at a lower rate can help you get out of debt faster and save extra money on interest charges. (Stock) Credit cards can give savvy consumers a way to earn rewards on everyday spending, but they can also create aRead More →
While bad credit can make it harder to get affordable financing, it doesn’t mean you can’t qualify for a bad credit loan. You just need to look for lenders who offer financial products to people in your credit range. We’ve ranked and rated our partner lenders to help you findRead 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 →
Viva Loans is a loan brokerage platform that has partnered with many direct lenders who provide payday loans ranging from £300 to £2000. This lending platform is renowned for matching cash-strapped borrowers with reliable direct lenders. They also have lenient loan qualification requirements. In this article, we’ll explain everything youRead More →
An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the termsRead More →
When it comes to unsecured personal loans, there are a few risks you should be aware of before deciding to take one out. In this blog post, we will discuss the top 10 risks associated with unsecured personal loans. We will also give you tips to protect yourself from theseRead More →
Personal Finance Insider writes about products, strategies, and advice to help you make smart decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Terms apply to offers listed on this page. ReadRead More →
Payday loans are a high-cost form of unsecured credit where you borrow a relatively small amount of money until your next payday. When your boiler is racing in the middle of winter or your car breaks down and you have no savings, a payday loan may seem like the onlyRead More →
Bank of America’s Balance Assist program can provide short-term loans of up to $500 to eligible bank customers for a flat fee of $5. Program can help customers avoid high interest rates payday loans and is available nationwide. Best Features Access the money almost instantly if you are approved. PayRead More →
Payday cash advances are expensive, so it’s a good idea to make sure you can pay them back before you sign along the dotted line. If you cannot meet the agreed due date, you have the option of rolling over your loan. It can seem like a great backup whenRead More →