The Pros and Cons of Debt Consolidation
If you have multiple streams of debt, like high-interest credit cards, medical bills or personal loans, debt consolidation can combine them into one fixed monthly payment. Getting a debt consolidation…
Jackie Veling
Jackie covers personal loans for NerdWallet. Prior to that, she ran a freelance writing and editing business. She graduated from Indiana University with a degree in journalism. Email: [email protected]
Posts by Jackie Veling:
How to Make Good on Your Resolution to Pay Off Debt in 2021
If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to…
What Is a Point-of-Sale Loan?
A point-of-sale loan lets you break down a purchase into a series of smaller payments, so you can buy now and pay later. In recent years, point-of-sale financing has rapidly…
What Is a Personal Loan?
A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to seven years.…
The Best Ways to Borrow Money
It’s usually better to pay for unexpected expenses with your emergency fund than to borrow money. But sometimes life throws a curveball, and you need to look to outside resources.…
Debt Consolidation Loan Rates for April 2021
Consolidating debt with a personal loan can streamline your debt payoff journey, and it can also save you money if you get an interest rate that’s lower than the rates…
4 Steps to Pre-Qualify for a Personal Loan
Pre-qualifying for a personal loan is a preliminary step in the loan approval process. It gives lenders a preview of your creditworthiness, and it gives you a preview of the…
How to Apply for a Personal Loan in 3 Steps
Applying for a loan may require more time and effort than applying for a credit card, but with our three-step guide, you can get all your questions answered and choose…
What Is a Personal Loan Origination Fee?
An origination fee is an upfront fee a personal loan company may charge to cover the cost of processing your loan. It might be called an underwriting, administrative or processing…
What Is a Payday Loan?
A payday loan is a high-cost, short-term loan for a small amount — typically $500 or less — that’s meant to be repaid with the borrower’s next paycheck. Payday loans…
