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woman at home with bills wondering how to get a personal loan

How To Get a Personal Loan: A MoneyTips Guide

Whether you’re looking to bridge the money gap to fund a world trip, your latest passion project or even pay off medical bills, personal loans can be a valuable tool to covering some expenses. Getting a personal loan relies on the following factors: Having a decent credit score and established credit history Getting prequalified Picking...

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man with afro hair, yellow headphones on his phone trying to understand personal lines of credit

Understanding Personal Lines of Credit

There are times when you need money. You could opt for a personal loan or a home equity loan, but there is another option. A personal line of credit. It’s not as widely advertised by banks and other lenders, compared to credit cards or other kinds of loans. But if you need money and flexibility,...

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How to Get a Personal Loan With Bad Credit

You’ve encountered a major expense and you don’t know how you’re going to pay for it. It happens to the best of us – so don’t feel like you’re alone. After taking care of the necessities, it can be difficult to find the extra money to pay for unexpected expenses. Many people will take out...

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Personal Loans for Excellent Credit

Credit is built around the concept of someone offering you something – like a good, a service or an asset – and expecting you to pay for it later. When it comes to types of credit (like personal loans), it’s kind of like a big I-O-U, except you aren’t making a deal with your buddy...

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Tax Refund Loans: How To Get an Advance From 2022 Return

It’s hard to wait for your income tax refund check when you need your money sooner. If you know you’ll receive a reimbursement when filing your return, you may want to consider a tax refund loan. Some tax preparation services offer tax refund loans or refund anticipation loans. You receive an interest-free advance, as a...

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Debt Consolidation Vs. Debt Settlement: Which Is Better?

Debt can be a powerful tool when you want to buy a home or a car or go to school. But sometimes debt stinks. Take away mortgage debt, student loan debt and auto loan debt and the U.S. still has over $1.3 trillion in debt from credit cards and other forms of debt. While we...

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Things To Know About Long-Term Personal Loans

When you borrow money from a lender, you are taking on a risk – and so is your lender. That’s why a loan’s repayment terms and conditions are typically meticulously spelled out. Some loans are short-term and can be repaid within 36 – 60 months (3 – 5 years). On average, long-term personal loans have...

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401(k) Loan vs. Personal Loan: What’s the Better Option?

Life happens. And sometimes, you don’t have the money you need in a bank account or a credit card to pay for life’s expenses. Getting a 401(k) loan or a personal loan can help cover those expenses quickly. Personal loans and 401(k) loans are both short-term installment loans. They are fairly easy to apply for...

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Hand holding tiny shopping bag.

What Is Buy Now, Pay Later?

If you’ve ever gone shopping, either online or at a brick-and-mortar retailer, you’ve probably seen something you wanted, wished you had the money to buy it and moved on. Retailers understand it isn’t always easy to buy something if you have to put up all the money upfront. That’s one key reason they now offer...

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Family moving into a new home

Moving Loans: How To Tackle Your Relocation Expenses

There are a lot of good reasons to move, especially when it comes to finding a home for yourself and your family. In fact, between 2017 and 2021, 40% – 50% of all movers cited housing-related reasons as their reason for moving.  But moving can also be expensive. Moving out of state can cost almost...

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Are Personal Loans Tax Deductible?

Personal loans can be a big help when you need money in a relatively short period of time. A personal loan can help you with emergencies, cover home repair and renovation costs, help you consolidate high-interest debt and much more. But when tax time comes around, you may find a personal loan doesn’t come with...

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dollar bill folded

Debt Consolidation Loan vs. Balance Transfer Credit Card

It’s not unusual to carry credit card debt from time to time. But most of us know that paying off this debt, especially if it’s high-interest debt, is a good move. After all, reducing or getting rid of your credit card debt not only helps you save money (and reduces the stress of carrying debt),...

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High-Interest Loans: What They Are and How They Work

Whether you need an emergency loan, auto repair financing or funds to pay for moving across the country, the number of loan options available can feel overwhelming. And if you need cash fast, have bad credit or have a high debt-to-income (DTI) ratio, a high-interest loan may be your only option. High-interest loans are usually...

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How to Get a Personal Loan Without a Job

A personal loan is when you borrow a sum of money and agree to pay it back (with interest) in fixed, monthly installments over time. Unlike a home mortgage or car loan, personal loans can be taken out for several different reasons, like:  Consolidating debt Paying medical bills Buying a car Financing a wedding or...

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city row of brownstones

What is a Super Conforming Loan and How Does It Work?

The average U.S. mortgage loan is currently $305,000. That’s less than half of the conventional or conforming loan limit of $647,000 set by the Federal Housing Finance Agency (FHFA). But some home buyers will need to borrow more than the limit if they want to purchase a home.  In the majority of U.S. counties, exceeding...

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Family Loans: Borrowing, Lending and More

Lending money to relatives can have potential benefits and drawbacks for both the lender and borrower. However, family loans can work out well when planned for despite the risk. Similar to other types of loans, family loans have legal requirements, tax implications and IRS guidelines to follow. Family loans need clear communication, including upfront disclosure...

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Blue darts

What Is Predatory Lending?

When we think of predatory lending, some of us might imagine the stereotypical loan shark. You know, the slightly menacing lender who lends money at ruinous interest rates and threatens to send someone to break a beloved appendage if we don’t pay on time. The truth is, predatory lending is more common than many borrowers...

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What Is an Automatic Payment and Should I Do It?

Adulting has its fun side, but paying bills usually doesn’t fall in the fun category. For many of us, paying bills can be time-consuming, boring and even stressful. What wouldn’t we give for a convenient, easy, efficient way to pay our bills? Thankfully, a solution exists: automatic bill payments. Automatic bill payments can rid you...

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Point-of-sale scanner and smartphone

What Is a Point-of-Sale Loan and Are They Worth It?

Big expenses usually require big loans. You wanna buy a house? You’ll likely need a mortgage. You wanna renovate your kitchen? You’ll likely make use of a home equity loan. But what about smaller – yet significant – purchases? For those, you might want to consider point-of-sale (POS) financing. We’ll review what a point-of-sale loan...

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Man looking at paper bills

How To Lower Your Car Payment: 9 Strategies To Try

Buying a car can be costly. It’s no wonder a lot of people purchase a car with an auto loan. Between your car loan payment, car insurance, gas prices (and the occasional snack), your monthly costs to travel from point A to B can add up fast. If your debt has you feeling like you’re...

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What Are Your Options for Auto Repair Financing?

The day you’ve been dreading as a car owner has finally arrived. Maybe your car made a weird noise, a rock hit your windshield or you walked out of a store only to discover a flat tire. A peculiar noise, a cracked windshield or an unwelcome flat can be more than a personal inconvenience, it...

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Young woman looking out of RV

RV Loans: Everything You Need To Know About Financing Your Camper

Maybe you’re a devotee of the #RemoteWorkLife or have been inspired by perfectly curated #VanLife videos. Maybe you’re ready to fulfill your dream of a cross-country road trip with your “hotel” traveling with you from town to town. Whichever hashtag (or fantasy) is motivating you, you’re ready to experience the freedom of the outdoors on...

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people riding a jet ski

Jet Ski Financing: What’s the Best Option for You?

Riding a personal watercraft (PWC), like a Jet Ski or a Sea-Doo, is exhilarating for water sports lovers. And because some models are roomy enough to accommodate up to three passengers, a small family or friend group can ride the waves all summer long. A Jet Ski or Sea-Doo can be expensive, but owning one...

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Life preservers

Emergency Loans: What They Are and How They Work

Every so often, something unexpected happens. Maybe it’s an accident that renders your car unusable, a natural disaster that damages your home or an surprise medical bill. When a financial emergency comes up, you may suddenly need money to cover expenses and get your life back on track. However, getting a loan in an emergency...

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Sailboat model on a desk overlooking the ocean

What Is Closed-End Credit?

Let’s talk credit! Credit is money you borrow and must repay. Depending on the type of credit account it is, you can use it for different purposes, like buying a boat, funding a wedding or buying an investment property. There are two main types of credit available to borrowers – closed-end credit and open-end credit....

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Different Types of Lines of Credit

Imagine, if you will, a pickle barrel at a grocery store. It’s filled with pickles you can take out, put in a bag and pay for. Of course, you only pay for the pickles you take out. And once you eat the pickles you bought, you can buy more pickles – again and again –...

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Business owner standing in their shop

Does a Business Loan and Credit Affect My Personal Credit?

Applying for a business loan can be a great way to get the financing you need to grow your business. But did you know that it can affect your personal credit and may make it harder for you to borrow money for things like getting a mortgage? We’ve put together a guide to help you...

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Business owner serving customer

What Minimum Credit Score Do I Need To Get a Business Loan?

If you understand how your personal (aka consumer) credit scores work, you already have a good idea of how business credit scores work. But finding the right business loan for you can seem daunting if you don’t know what credit scores you need to qualify. And what happens if you don’t qualify because your personal...

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What Is a Joint Personal Loan and How Do You Get One?

While having a credit card that two people share can help fund larger expenses you don’t have the immediate cash for, borrowing limits can be low and interest rates can be high. This is where a personal loan can help. And if you’re looking to get a personal loan with more than one borrower, you...

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Small business owner with a client

Is a Small Business Loan Secured or Unsecured?

As a small business owner, if you’re looking to grow your business or fund a startup, a small business loan may help you. There are two types of business loans to choose from: a secured business loan and an unsecured business loan. While each offers its own benefits, there are quite a few differences between...

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Business owner working at a desk

Learn How To Get a Business Line of Credit

If you’re a business owner, a business line of credit is a great way to access short-term funds for business expenses. Especially if you have fluctuating demand, seasonal expenses or customers paying via installments. In this guide, we’ll go over the ins and outs of a business line of credit and give you the necessary...

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Repeating credit card readers

How Do You Get a Business Credit Card?

So you started a business – and business is booming! Now you’re in the happy situation of needing more capital to fund your business’s growth. This is where a business credit card can come in handy. We’ve put together a guide outlining what you need to qualify for a business credit card, how to apply...

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What Is a Signature Loan?

Life brings most of us occasions when a little extra money would be helpful. Maybe you’ve been hit with unexpected medical bills, or your home’s air conditioning unit literally gave its last gasp. Or maybe you’re planning a wedding and need to put a deposit down to reserve the venue.  If you have good credit...

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Money hanging on a line

Personal Line of Credit vs. Personal Loan: What’s the Difference?

You can borrow money through a personal line of credit or a personal loan. You won’t need collateral (aka an asset that secures a loan) for either loan. And both are repaid over a set period of time. Either one is a great option for making large purchases or financing big projects. And you can...

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Roll of money

Payday Loans vs. Personal Loans: Which Is Better?

If you need some financial help, payday loans and personal loans are two ways to borrow money. You typically don’t need any collateral for either loan, and you can use the money any way you like. Payday loans work well for quick cash – but they can be very dangerous and very expensive in the...

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Family standing in front of a house

Home Equity Loan vs. Personal Loan: Which Should I Go With?

You might see the word ‘debt’ and think it’s a bad thing to have. But the truth is, life happens. A sudden emergency room visit or a costly home repair can squeeze your pocketbook. Or you may have lots of credit card debt you’d like to consolidate. We get it – sometimes finances become stressful....

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Money Typewriter

Different Types of Loans You Should Know

Loans are part of how most of us live our lives. Loans help people get educated, buy a car, buy a home, pay for emergency medical bills and much more.  The list of reasons why people need loans is a long one. And, thankfully, there’s an equally long list of loans available for our diverse...

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Three locks in a row

What is an Unsecured Line of Credit and How Does It Work?

Are you considering a kitchen repair, starting up that small business you’ve been dreaming about or trying to figure out how you’ll scrape by in the summer months with your seasonal job? An unsecured line of credit may be just the thing. A line of credit is a type of revolving credit, meaning you can...

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Family outside of their home

How and When To Refinance a Personal Loan

Personal loans can be a helpful way to finance a whole host of things, from a home improvement project to a wedding or even emergency medical bills. If you currently have a personal loan, you may be wondering when and if you can refinance the loan and if refinancing might be a good move.  Personal...

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A roll of $20 bills

How To Get a Personal Loan With No Credit

Life happens. And despite making savvy money moves and routinely growing your savings, unforeseen expenses – like medical bills, big emergencies or car repairs – can derail even the most well-planned budget and savings plan. When life happens, you may need to take out a personal loan to cover the cost. But how can you...

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