personal loans

How to compute an annual compound interest rate

It's the little things like compound interest that can get you in the end. Learn how to compute compound interest and avoid bankruptcy.

Close-up of interest rate calculations written in ink on a piece of paper.

Tuesday, June 28th, 2011 by

By Steve Tarlow

Number of people taking 401(k) loans hitting record high

The number of people that are taking personal loans out from their 401(k) accounts through employers are at a record high.

Thursday, June 9th, 2011 by

By Peter Stone

Sites offering peer-to-peer personal loans keep growing

Websites, such as Prosper.com and LendingClub.com, that offer peer-to-peer personal loans are starting to expand quite rapidly.

Tuesday, June 7th, 2011 by

By Peter Stone

Is Applying For A Payday Loan Through A Direct Lender The Best Option?

Using a lender matching service can get you cash in as little as 2 hours. Direct lenders have a very high denial rate for applications.

Value of college questioned with high loans and unemployment

As student loan balances and unemployment grow, people are beginning to question the value of college. The numbers say it does have value.

Monday, June 6th, 2011 by

By Peter Stone

Strategic defaults starting to decline slightly

The number of people entering into strategic defaults, or walking away from a mortgage when advantageous to do so, is starting to decline.

Tuesday, May 31st, 2011 by

By Peter Stone

Personal loans to attend for-profit schools can be risky

Borrowing personal loans to attend a for-profit college may not be the best choice, as they are riskier than their nonprofit counterparts.

Monday, May 23rd, 2011 by

By Peter Stone

How Can Installment Loans Help Protect Your Credit Rating?

There are millions of people each year that ruin their credit score because they did not know they could use installment loans to pay their bills before defaulting.

Senate wants 401(k) accounts off-limits as personal loan funds

The United States Senate proposing a bill to limit the use of 401(k) accounts as a source of personal loans when people fall short.

Wednesday, May 18th, 2011 by

By Peter Stone

Students have a hard time paying off personal loans

College graduates are having an increasingly difficult time paying back student loans. One in four struggle, and 7 percent are in default.

Wednesday, May 4th, 2011 by

By Peter Stone

Banks will not raise ATM fees too high for now

ATM fees won't climb too much higher, at least for now. Chase has ended a $4 and $5 ATM fee program, as consumers can stand only so much.

Tuesday, May 3rd, 2011 by

By Peter Stone

Do Not Fall Behind On Your Bills - See How Short Term Loans Can Help Prevent Late Fees and Penalties.

Short term loans can help you stay current on your bills by providing quick cash so you do not rack up expensive late fees and penalty charges.

Strategic defaulters more likely to be financially educated

Strategic default has been discussed more during the housing recession, and the people who do it are generally more financially savvy.

Monday, April 25th, 2011 by

By Peter Stone

Credit card use declining as more people turn to cash

Credit card use continues to decline. Fewer and fewer people are turning to the plastic because more people are trying to shed debt.

Tuesday, April 19th, 2011 by

By Peter Stone

14 banks ordered to pay homeowners back for bad foreclosures

Terms of the robosigning settlement include 14 financial institutions having to repay homeowners whose homes were wrongfully foreclosed.

Wednesday, April 13th, 2011 by

By Peter Stone

How To Get A Cash Advance Even With Bad Credit and Bankruptcy On Your Record

Not many people know they are still eligible for cash advances after bankruptcy or losing their credit. There are no credit checks so bad credit does not affect eligibility.