Personal Loans

Banks Editorial Team

December 22nd, 2017

Personal Loan Dos and Don’ts

There are many reasons you may want to apply for a personal loan. You may want a new car, need it for school, a medical emergency, or you might want to take a vacation. Let’s face it, sometimes, we just need a little extra pocket money and a personal loan is a great way to […]

Read more...

Banks Editorial Team

December 22nd, 2017

The Top 4 Tips for Getting a Personal Loan Approved Today

We all need personal loans from time to time in our lives. Whether you need money to meet basic expenses, or a little boost to fund your upcoming wedding or vacation, you’ve probably considered the vitality of a personal loan. With personal loans, you don’t have to put up any collateral, like your house or […]

Read more...

Banks Editorial Team

December 22nd, 2017

Filling Out a Personal Loan Application? Avoid These 3 Mistakes

When consumers shop around for a personal loan, they tend to focus on immediate solutions that aren’t necessarily ideal for their case. Before you submit your personal loan application, pay close attention to these three mistakes — and avoid them at all costs. Take the time to do things right. Mistake 1: Overlooking your credit […]

Read more...

Banks Editorial Team

December 15th, 2017

Does Taking Out a Personal Loan Mean I’m Still In Debt?

If you’re looking for some way for money to become available quickly, a personal loan can be an ideal option—they’re one way to dig yourself out of a deep hole. But, as with all aspects of money, consider you options carefully; a personal loan isn’t free money.   While personal loans can help pay off […]

Read more...

Banks Editorial Team

December 14th, 2017

Personal Loans | Maximize Your Chances of Being Approved

Need help financing a major expense? Perhaps you’re planning a wedding, or facing an unexpected home repair. In these situations, a personal loan may very well be a good fit. Consumers are entitled to take out personal loans for any reason they choose.   These loans boast wide appeal. Personal loans typically have terms of […]

Read more...

Banks Editorial Team

December 14th, 2017

Personal Loans | What to Do When You Can’t Make a Payment

When you were approved for a personal loan, chances are you had every intention of paying it back. But some circumstances are outside of your control, and certain events may take place that hinder your ability to make timely payments.   While finding you’re unable to make a payment is undeniably stressful, the best thing […]

Read more...

Banks Editorial Team

December 14th, 2017

The Consequences of Defaulting on an Unsecured Personal Loan

Unsecured personal loans are issued to consumers without collateral. Lenders typically offer them with higher interest rates, and are selective with whom they choose to approve.   As such, these loans are considered high-risk for the lender. This is because without collateral, there is no guarantee the borrower won’t default. And while the lender won’t […]

Read more...

Banks Editorial Team

December 13th, 2017

3 Important Questions to Answer Before Taking Out A Personal Loan

Personal loans are convenient for many different reasons. They are accessible as you don’t need collateral, which also means your loan might be approved faster than other types of loans. But, because they are unsecured, personal loans come with high interest rates. Taking out a personal loan may feel risky if you’re concerned about bad […]

Read more...

Banks Editorial Team

December 12th, 2017

5 Instances In Which a Personal Loan is Better Than a Credit Card

One of the toughest payment plan options presented to everyday individuals is being able to distinguish if a revolving payment, like a credit card, is better for a project than an installment debt payment, like a personal loan.   If a project or unforeseen expense can’t be covered with the money in your savings account, […]

Read more...

Banks Editorial Team

December 12th, 2017

The Top Things to Consider When Taking Out a Personal Loan

If you’re staring down an expensive home project, emergency repair, or future large purchase that will drain your savings account and then some, it’s probably time you consider taking out a personal loan to cover the cost.   However, like any loan, considerable analysis and financial reflection needs to go on before you can really […]

Read more...