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Colin Thompson

Colin is a former personal loans writer for NerdWallet. Previously, he wrote about national trends in the health care industry. He has a bachelor's degree in English from Elmhurst University in Illinois.

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Posts by Colin Thompson:
Should You Take a Personal Loan to Pay Rent?

Should You Take a Personal Loan to Pay Rent?

Colin Thompson
Aug. 28, 2020

When gaps in income occur, such as through a loss of employment, your rent bill can be the most difficult to pay because it’s often your largest expense. In these…

Read More

What Is a Debt Consolidation Loan?

Colin Thompson
July 8, 2020

A debt consolidation loan is a loan you use to combine your existing debts into a single debt with one monthly payment. Using a debt consolidation loan can reduce the…

Read More
Online or in person: What’s the better way to get a loan?

Online or In-Person Loans: What’s Better?

Annie Millerbernd & Colin Thompson
Oct. 27, 2020

More financial technology companies are offering personal loans online. But whether an online or in-person loan is better for you depends on what you value most. If you prefer a…

Read More
How Do Bank Loans Work?

How Do Bank Loans Work?

Annie Millerbernd & Colin Thompson
Nov. 20, 2020

Bank loans work similarly to personal loans you get from online lenders: After you apply, the bank will review your credit score, history and income to determine how much money…

Read More
Best Mutual Funds of May 2019

Personal Loans for Good Credit: Best

Colin Thompson
Jan. 11, 2021

Compare the best personal loans for borrowers with good and excellent credit. Loan amounts range from $1,000 to $100,000, and APRs start around 6%.

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Personal Loans for Excellent Credit: Best

Colin Thompson
Jan. 11, 2021

Compare the best personal loans for borrowers with excellent credit. Loan amounts range from $2,500 to $100,000 and have fixed interest rates.

Read More

Best Bank Loans 2021: Compare Personal Loans From Banks

Steve Nicastro & Colin Thompson
Jan. 4, 2021

Bank loans provide high borrowing amounts and low rates for good-credit borrowers. Learn more about personal loans from banks and compare financing options.

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How to Get a Debt Consolidation Loan in 5 Steps

Steve Nicastro & Colin Thompson
Jan. 25, 2021

A personal loan for debt consolidation can streamline multiple high-interest debts into one payment and help you pay off debt more quickly — even if you have bad credit. Here’s…

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How to Get a Debt Consolidation Loan With Bad Credit

How to Get a Debt Consolidation Loan With Bad Credit

Steve Nicastro & Colin Thompson
Aug. 7, 2020

Getting a bad credit loan for debt consolidation may require shopping around, but there are options, including loans from credit unions and online lenders. In fact, some lenders cater to borrowers…

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Credit Union Personal Loans Offer Low Rates, Flexible Terms

Credit Union Personal Loans Offer Low Rates, Flexible Terms

Annie Millerbernd & Colin Thompson
Oct. 15, 2020

Your local credit union should be your first stop for borrowing money, especially if you have a fair or poor credit score (below 690). Credit union personal loans often have…

Read More

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