When you launch a business, or want to finance your business for growth, you may think that the only option for readily available cash is to apply for a business loan. While business loans can be good solutions, entrepreneurs often find that personal loans offer more benefits and flexibility, especially when you’re just starting out.
No matter how disciplined and budget savvy you are, life can throw you a curveball and derail your financial plans. And it might leave you wondering whether you need a personal loan or line of credit.
After finishing your income tax return and then after getting over the shock of how much you owe the federal government, your next thought could be: How am I going to pay my taxes?
The economy is looking rosy, and Federal Reserve officials showed their optimism by raising the benchmark interest rate by a quarter of a percentage point Wednesday for the sixth time since December 2015. The central bank lifted the federal funds rate to a range of 1.5% to 1.75%. This latest Fed rate hike is the first under new Fed Chairman Jerome Powell, who replaced Janet Yellen.
As a long, cold winter departs, thoughts turn to the warmer days ahead. Perhaps you plan to celebrate with a spring break getaway.
Sure, it’s ideal to always have enough savings in the bank for life’s major expenses, such as medical bills, home improvements or paying off credit card debt. But sometimes life happens, and you need to get a personal loan in order to afford something important.
If you’re shopping for a personal loan, you’ve likely been shuffling through lender-to-lender comparisons and trying to decipher financial jargon. We get it — it’s a daunting task. But with so many lenders in the market, it’s crucial to understand everything that’s involved in obtaining a loan. And understanding how personal loans and credit work together is one of those things.
| Lender | APR | Loan Limit | Learn More |
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APR:
4.99% – 17.49%
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Loan Limit:
Up to $100,000
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APR:
5.99% – 16.99%
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Loan Limit:
Up to $100,000
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APR:
18% – 35.99%
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Loan Limit:
Up to $20,000
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APR:
5.34% – 35.99%
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Loan Limit:
Up to $100,000
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*Terms are for unsecured loans and may vary for secured loans.
Americans love their homes — about 64% of us own the residences in which we live, according to the latest figures from the U.S. Census Bureau.
Diamonds are a girl’s best friend, as the song goes, but they can feel like your worst enemy if you’re hoping to afford an engagement ring.
If you’re suffocating under a mountain of debt, you might be wondering if consolidating debt could help your situation. Indeed, debt consolidation can be a great way to cut your interest expenses and reduce the number of bills you’re paying. It can also help you create a roadmap to get out of debt. But is a personal loan or balance transfer credit card better for debt consolidation?