The PersonalLoans Blog

Useful information about personal finances, credit management, and loan options


Home Equity Loans vs Personal Loans for Home Improvement

By Jason Ramin

There’s nothing more satisfying than successfully remodeling your kitchen or fixing the plumbing in the bathroom. When you get a new idea to improve your home and the end result is amazing, it’s perfectly natural to start looking for other ways to improve things. Maybe you’ve caught the home makeover bug from all the TV shows out there about remodeling old homes and flipping them for a profit. Maybe your need is a little more legitimate and the home improvement projects that you’ve put on the b...

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What is a Personal Installment Loan?

By Jason Ramin

You can get all types of loans these days. Loans that cover cars, homes, school expenses, and more. There are also many things to be aware of when you take out a loan. Depending on what type of loan you take out, your interest rates will vary, and the amount of time you have to pay off the loan will change, as well as how much you owe in payments. It’s a lot to keep track of and remember. Amid all the different types of loans, some of the most common include installment loans, also called perso...

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How Debt Consolidation Affects Your Credit Score

By Jason Ramin

It goes without saying that credit scores are pretty important. With a good credit score, you can qualify for larger loans charged at lower interest rates. With a bad credit score, you’ll likely have a hard time qualifying for any type of loan—let alone a good one—and you’ll be charged higher levels of interest. Because maintaining a decent credit score is important, it’s equally important to understand how credit scores can be affected by your financial choices. Your credit score hinges on a v...

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How To Deal With an Emergency - Credit Cards or Loans?

By Jason Ramin

Emergencies come up all the time. And often, they happen when you least expect them or when you’re least prepared for them. For those times when you don’t have the money on hand to handle the situation, you’ve got a couple options: an emergency personal loan or a credit card. The last thing you need during a time of crisis is to be unsure which will be the better option. So we’ve created this blog post that will help you decide which choice is the right one for you. Keep reading to learn more ab...

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7 Things Lenders Look at When Giving You an Online Loan

By Jason Ramin

When a lender gives you a loan, they’re taking a risk. You may not be able to pay them back. How are they supposed to know for sure? Years before, people borrowed money with only their word that they’d pay it back. Our world operates on loans and lines of credit today, something that entails a bit more than just your word. Lenders in our day and age have developed a way to predict a person’s ability to pay back a loan. It’s a process that involves potential borrowers meeting certain criteria, a...

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Reasons You Keep Getting Denied for Payday Loans

By Jason Ramin

We have all been through times when we needed more money on hand than what we had readily available. Luckily, we live in a world that revolves around credit cards, credit scores, and—maybe most importantly—loans. Getting money through a loan is easier today than ever before. One of the most commonly used types of loans, if you’re strapped for money, are payday loans. Payday loans are a quick, easy way to get the money you need. As with all loans, payday loan criteria involves some pretty rigoro...

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10 Situations Where an Emergency Loan Can Help You

By Jason Ramin

Emergency payday loans can help lift the burden of financial hardship. They offer many perks over conventional loans, such as: Giving you quick funds that can be used for just about anythingDirectly depositing funds into your bank account in as little as 1 business dayNot requiring a good credit score for eligibility—only a proof of incomeDo You Need an Emergency Loan? Still, many people who might need an emergency loan hesitate because they don’t think their situation really requires one. We’v...

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Best Reasons For Payday Loans

By Jason Ramin

If you need money fast for life’s unexpected emergencies, a payday loan may be a great option for you. Learn more about the best reasons for payday loans and about the types of payday loans by checking out our post below. 1. Unemployment If you’re between jobs or going through a short period of unemployment, a payday loan can be a great way to bridge the gap in paychecks. A payday loan allows you to pay for necessities like utilities or car payments until you have a steady paycheck coming in onc...

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How Do Online Loans Work?

By Jason Ramin

As humans, we don’t really enjoy change. Remember when companies came out with ebook readers? People were either very excited about the prospect of downloading hundreds of books onto one device or mortified at the thought of not reading an actual bound and printed book ever again. Well, the fad died down a bit, and hard copy books are still around. That’s just one example pertaining to the reality that we live in a digital age. And for better or worse, there are going to be processes and practi...

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How Do I Increase My Credit Score?

By Jason Ramin

When it comes to your financial life, your credit score is one of the most important numbers to be aware of and working on to improve. Depending on where you are personally at with your finances, increasing your credit score may seem impossible. Actually, even if you have really good habits when it comes to staying on top of your payments, it’s still pretty difficult to raise your credit score. However, there are things you can consistently do to keep your score good, just as there are things yo...

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The Pros & Cons of Personal Loans

By Jason Ramin

Despite our search for perfection, nothing in life is really perfect. Everything will have positives and negatives, pros and cons. Moreover, the pros and cons of any given product or situation will often vary for every individual, based on their personal needs, wants, and qualifications. When it comes to personal loans, you can look at the general pros and cons of using personal loans, but you should also take the time to evaluate those pros and cons in terms of your own needs and your specific ...

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4 Ways Your Credit Profile Impacts Your Personal Loan

By Jason Ramin

Whether we like it or not, many aspects of our finances now depend on having a positive credit profile. Everyone from the landlord to the cellphone company will likely check your credit report and use the information therein to make important decisions about your financial future. Yes, having good credit can save you time, money, and energy in many aspects of life. Just look at personal loans, for example. Your credit profile can impact every aspect of a personal loan, from where you can get the...

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Should You Consolidate with a Loan or a Credit Card?

By Jason Ramin

Although using new debt to pay off existing debt can be somewhat counterintuitive, consolidation can sometimes be a valuable tool in your financial toolbox. When done right, consolidating debt can not only simplify repayment by combining multiple debts into a single debt, but it can also reduce the amount of interest you pay on that debt, lowering the cost to become debt-free. You can technically use any type of financing to consolidate debt, but the two main methods used by most consumers is to...

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