Personal Loans
Learn more about how personal loans work, what you can use them for, compare our picks for the best personal loan lenders, and read reviews of the top lenders in the industry.
How personal loans work
Personal loans don’t often seem complicated, but you should understand several specific terms before you apply for one.
Personal loan uses
You can use personal loans for almost anything, including paying off debt and home improvements.
- Timeshare Loans
- Loans Using Your Car as Collateral
- Loans That Accept Chime
- Legal Loans
- Long-Term Personal Loans
- Home Improvement Loans
- Debt Consolidation Loans
- Medical Loans
- What Can a Personal Loan Be Used For?
Personal loans by credit range
Your credit score is critical in determining eligibility for a personal loan. Before applying, check your credit score to determine whether your credit is excellent, good, fair, or poor. Compare companies that lend to borrowers in your credit range to boost your chances of approval.
Personal loan lender reviews
If you’re considering applying for a personal loan through a specific company, you should understand how that company operates and the repayment terms.
- Credible Personal Loans Review
- Upstart Personal Loans Review
- Prosper Personal Loan Review
- SoFi Personal Loans Review
- LightStream Personal Loans Review
- Upgrade Personal Loans Review
All personal loan articles
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How Payday Loans Work: Debt Cycle Trap, Credit Impact, and Alternatives
When you’re strapped for cash and you need it in a hurry, you might be considering a payday loan. With payday loans, you’ll receive your money quickly, but you’ll also…
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Does Debt Consolidation Hurt Your Credit?
Consolidating debts can make budgeting easier, since you have fewer payments to make. Before moving forward with debt consolidation, it helps to know how it can affect your credit.
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Payday Loan Statistics
Payday loans are a form of short-term lending that often receive a bad reputation for high interest rates, excessive fees, and short repayment turnaround. Many Americans use payday loans to…
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What Does “6 or 12 Months Same as Cash” Mean?
Advertisements announcing “6 or 12 months same as cash” are everywhere. It sounds like a great deal—you can get something at a great price with up to a free year…
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Home Improvement Loans With No Equity
A home improvement loan can be a great way to spruce up your home, but it might feel challenging to find one that doesn’t require home equity. We searched for…
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Should You Use a Personal Loan to Invest in an IRA Quickly?
We’ll share what an IRA is and how it works. Plus, you learn about some of the risks associated with using a personal loan to fund an IRA.
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LoanDepot Personal Loans Review
LoanDepot is no longer offering personal loans according to their website. You can compare additional options through our Best Personal Loans page. LoanDepot is an online financing resource that connects…
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Hip Replacement Surgery Cost and How to Finance It
If you’ve been suffering for years with hip pain and have run out of treatment options, your doctor may suggest hip replacement surgery. During the procedure, the hip joint is…
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The State of Personal Loans in 2018
This past decade has seen the personal loan industry grow from a fledgling, high-risk business to a booming space occupied by numerous lenders and prime borrowers. According to the most recent consumer data from TransUnion,…
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Payday Loan Borrowers Largely Positive About the Product
Few financial products draw as much criticism as payday loans do. Primarily because of high interest rates that hover around 400 percent, payday loans are often characterized as predatory, even criminal. This lending…