MONEY is an independent, advertiser-supported website. MONEY may receive compensation for some links to products and services throughout this website.
Opinions expressed on this site are the author’s alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Offers may be subject to change without notice.
Product name, logo, brands, and other trademarks featured or referred to within our site are the property of their respective trademark holders.
MONEY has partnered with CardRatings.com and ConsumersAdvocate.org, among other companies, for our coverage of credit card products. MONEY, CardRatings.com, and ConsumersAdvocate.org may receive a commission from card issuers.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc.
… Read More
While the stimulus checks have started dropping into bank accounts and many creditors are offering relief on payments, those options may not be available to everyone or they may not be enough. That’s why some people are turning to unsecured personal loans, often used for debt consolidation or home improvement projects, to cover emergency expenses.
While some lenders are offering low interest relief loans, others are tightening credit requirements for borrowers.
Here’s what you need to know about taking out a personal loan during this crisis and whether or not one makes sense for you.
An unsecured personal loan is money borrowed from a bank, credit union or online lender that can be used for anything. The money is paid back in installments over time, usually with a fixed interest rate.
While many experts would caution against personal loans, which often come with high interest rates and fees, they could
… Read More