Did you know that there are 20.2 million people that have taken out a personal loan in 2020? With the average size of a personal loan being $6,382, you may be wondering if taking out a personal loan is the best financial move for your current situation. If you struggled with a low credit score or finally got …
Any time you’re taking out a loan, numbers matter. This includes your credit score. If yours is sub-par or non-existent, talking to lenders might seem like an intimidating endeavor. After all, most will consider your score as they review your application. Still, there are plenty of ways you can assure your creditworthiness, even as you work …
More than 20 million Americans have taken out personal loans, carrying an average balance of more than $16,000. In recent years, the popularity of this type of unsecured debt has grown exponentially. Now, people are turning to personal loans to cover myriad expenses, from home projects to vacations. They’re also using them to help fund their other …
When you’re overwhelmed by multiple forms of debt, a consolidation loan can offer much-needed assistance Designed to roll your myriad obligations into a single monthly payment with more favorable terms, these loans can help you get back on your feet and achieve financial stability. However, they aren’t given out blindly. Lenders will look at various factors to …
According to statistics from the Chamber of Commerce, personal loans are becoming more popular than ever before, growing by 19.2% in the first quarter of 2019 alone. One of the reasons for this climb in popularity of the personal loan is that thanks to Fintech solutions, personal loans are now easier than ever to apply for. …
29% of Americans have more credit card debt than they do emergency savings. Given the current financial situation in the United States, this number is only going to increase. Many Americans have found themselves out of work and facing unexpected medical bills as a result of COVID-19. For those already in debt, the additional expenses are …
If you are looking to take out a personal line of credit, 2020 seems to be the year to do it. With the Fed dropping interest rates to zero, and banks giving out more credit, with fewer criteria—now is an easy time to take advantage of the cash fluidity that lines of credit bring. However, before you open …
The total outstanding personal loan debt has skyrocketed to $115 billion. This is attributed to the more than 20 million Americans who are currently paying on one, carrying an average balance of more than $16,000 each. Are you considering joining those ranks? While this kind of support can provide access to the short-term cash you need, it …
