Unsecured Loans

There are two main types of credit accounts: revolving credit and installment credit. When it comes to revolving credit, think credit cards. When it comes to installment credit, think mortgages or personal loans. Our guide covers the ins and outs of installment credit: what it is, how it works, how it affects your credit score...

You probably already know that a credit score is a three-digit number lenders use to help them predict a borrower’s ability to repay a loan. You probably also know that to build credit, you have to use credit. But do you know how your score is calculated and the best ways to improve it? Your...

You’ve probably heard the term “revolving credit” before. But have you ever stopped to wonder: What does revolving credit mean? What is revolving credit and how does a revolving account work? Are revolving accounts different from other types of credit? You may have used revolving credit without knowing the official term. In fact, you probably...

Whether you’ve been rejected in love – or loans – you’re in good company. Speaking from personal experience, it’s not fun, but people face rejection every day.  If you want to show rejection that it’s not the boss of you, we’ve got a pro tip: dust yourself off and try again!  Don’t be discouraged. Getting...

There are so many reasons to vacation and even more places to go. You could travel your whole life and never see every patch of land and every marvel this world has to offer.  Unless you’re planning on visiting these wonderful places on foot or by bike and sleeping under the stars, traveling can come...

The average American is carrying $5,313 of credit card debt in their wallet. And because the average credit card has an interest rate that ranges from 15% – 25%, that debt can balloon over time.  If you’re looking for ways to pay off your high-interest credit card debt, consider taking advantage of these popular methods: ...

Seeking help for any health issue can be a stressful and scary experience. And figuring out how to pay mounting medical bills can be even more stressful and frightening.  A recent study by the Commonwealth Fund found that 4% – 11% of Americans with employer health insurance had high out-of-pocket costs that climbed as much...

You’ve got an amazing idea for a new business. You’re ready to give the world the product it didn’t know it needed, get offers from all the sharks on “Shark Tank” and become a household name.  Or maybe you’ve got a unique set of skills and want to be your own boss. You’ve got everything...

What can you use a personal loan for? The short answer is almost anything. But just because you can do something doesn’t mean you should. We’ll go over the most common reasons to consider a personal loan as well as some examples of when you shouldn’t (even if you technically could). Common Uses for Personal...

Being self-employed looks different for different people. There’s the hustle, the entrepreneurial leap, the layoff rebound, the career makeover and more. No matter why you’re self-employed – or what that even looks like for you – you’re probably working hard to juggle multiple responsibilities.  But, even when things couldn’t be better financially, dips in income...

Personal loans are popular for those in need of extra cash because you can get them relatively quickly, and the funds can be used for many different purposes. However, there are some hard requirements when applying for a personal loan. Chief among them: your credit score. We’ll explain why the exact number you need varies...

Personal loans are attractive to many borrowers because the approval process is relatively fast, you can borrow a significant amount of money and they’re flexible in how you can use the money. But which type of personal loan is right for you? In this article, we’ll cover the main types of personal loans, explain what...