Articles by Miranda Marquit:
In August 2020, the average credit card rate was 16.43%, according to the St. Louis Federal Reserve. With a rate of 16.43% and a balance of $4,000, you’ll be charged $54.77 in interest each month. Credit card interest rates might go even higher, too, as the Federal Reserve raises its benchmark rate. The more debt you […]
Mariner Finance offers personal loans to borrowers with poor credit. Mariner Finance rates are higher than those offered by other online lenders — particularly if you have good credit — but it may be an option for those who can't qualify for other personal loans.
LendUp bills itself as a better alternative to traditional payday lenders. Its products are aimed at those with bad credit looking for a loan. However, LendUp offers interest rates that are significantly higher than what you’d pay on traditional bank loans.
If you are eligible for a lower interest rate than what you are currently paying on your student loans, refinancing usually makes sense as long as you aren't dependent on federal benefits such as income-driven repayment plans and student loan forgiveness.