A young man sits outside as he uses his tablet to apply for a personal loan.

What Does the Fed Rate Hike Mean for Personal Loans?

For the first time since late 2018, the U.S. Federal Reserve Board has raised its target federal funds rate. If you are shopping for a personal loan, the move could make it more expensive for you to borrow. On March 16, the Federal Reserve increased the federal funds rate by a quarter-point, to a range […]

A woman enjoys her new air conditioning unit paid for with a home improvement loan

15 Home Improvement Loan Spring Projects

Spring is a popular time for home improvement. Many people are craving a fresh start after a long winter, and that includes a fresh start for their home. If you’re a homeowner, there are plenty of home improvement projects you can tackle this spring. Some of the top projects for this season include improvements to […]

A young man uses his mobile phone to apply for a personal loan

What It Takes to Get a Low-Income Personal Loan

Securing a personal loan with a low income is not impossible. Although most lender underwriting requirements include a minimum income level, it’s not the only factor that goes into qualifying for a loan. Even if you have a low income, you may still qualify for a personal loan. A low-income personal loan is a standard […]

A woman uses her laptop computer to apply for a long-term personal loan

What to Know About Long-Term Personal Loans

Compared to a short-term loan that you can repay in a few years, a long-term personal loan has repayment terms of at least five years. While long-term personal loans can make your monthly payments more affordable, they may come with a higher interest rate. Also, since you’re stretching the time you take to pay back […]

A young entrepreneur sit at a desk while working at her small business

Find a Small Business Loan for Your Post-Pandemic Venture

It’s no secret that there’s a labor shortage in the U.S. According to the most recent data from the United States “Job Openings and Labor Turnover” (JOLTS) report, over 4.4 million employees have quit their jobs since the pandemic began for various reasons — concerns about safety, lack of child care, and not wanting to […]