What does higher personal loan rates mean for borrowers

Annie Millerbrand Personal loan rates from banks, credit unions and online lenders have surged after repeated interest rate increases from the Federal Reserve this year, the latest of which came last week. The funding rate on 24-month personal loans from banks jumped from 8.73% in May to 10.16% in August, according to the latest data … Read more

Can’t qualify for a personal loan? 4 alternatives to try

Personal loans provide fast, unsecured money that can pay off anything from home repairs to medical emergencies. Instead of asking for collateral like a house or a car, many prefer advanced lenders with strong credit and high incomes. But what if you do not meet the requirements of the lender? People who do not qualify … Read more