Can you take out a second personal loan?

There are many unexpected life events that can trigger the need to take out multiple personal loans at once. Personal loans are often used to consolidate other debts or make large purchases. But when you already have one personal loan and find yourself in a situation where you need another, what should you do? How many personal loans can you have at once?

a person wearing glasses sitting at a table using a laptop: Woman works on laptop

© Branislav Nenin/Shutterstock
Woman works on laptop

The short answer is that you can take out more than one personal loan simultaneously. But just because you can doesn’t mean you should, as it can seriously impact your credit score and overall financial health.


Load Error

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

Get Started

Can I take out two personal loans at the same time?


Read More

Checking the Pulse of the U.S. Economy: Too Much Debt?

True or false?: The U.S. economy is dangerously over-leveraged, and thus particularly vulnerable to any economic downturn.

text: Checking the Pulse of the U.S. Economy: Too Much Debt?

© TheStreet
Checking the Pulse of the U.S. Economy: Too Much Debt?

Before I try to answer this question, I bet that most of you probably haven’t even thought about it. That’s because it’s human nature, when the stock market is at or near all-time highs, to not focus on what could go wrong.


Load Error

Just take 2007. The economy was about to go over a cliff because of an inability to service its debt, and yet few were worried. And I’m not just Monday morning quarterbacking for me to say that now: The U.S.A. Economic Policy Uncertainty Index, a comprehensive and objective measure of perceived economic uncertainty, reached its lowest reading ever in 2007.

Chalk up another win for contrarian analysis.

To be sure, the lack of widespread concern today doesn’t

Read More

Why the US Postal Service is in deep financial trouble

Even by 2020 standards, the United States Postal Service is having a terrible year. With election day less than a month away, concerns are mounting that the USPS lacks the bandwidth to process the likely historic number of mail-in ballots.

a large orange truck parked in a parking lot: Since 2007, the US Postal Service has struggled to make a profit.

© Graphics by John General/Getty Images
Since 2007, the US Postal Service has struggled to make a profit.

But, paradoxically, business for the USPS is booming. The agency netted a positive cash flow of almost $2 billion in the nine months ending June 30. The agency has been cash-flow-positive for the last three years, partly because of increased package deliveries and steady rates of first-class mail delivery,


Load Error

How is it, then, that the country’s most popular federal agency is earning millions of dollars, while also facing one of the greatest financial crises in its history? The answer to the USPS financial oddities can be traced back to a

Read More

How To Connect The Dots Of Enterprise Data To Reach Your Business Potential

Daniel Fallmann is Founder and CEO of Mindbreeze, a leader in enterprise search, applied artificial intelligence and knowledge management.

CEOs and line-of-business leaders are smart people. But they don’t know what their enterprise knows. As a result, their organizations miss out on a multitude of valuable opportunities.

Organizations possess a wealth of data. However, the data is all over the place, held in siloed systems and various formats. There’s no way to make sense of it. This makes it extremely difficult for business professionals to find the information they need. Research on the state of enterprise search in Scandinavia last year revealed that more than a fourth of workers find it somewhat or very challenging to get the information they need to get the job done. That’s a drain on productivity, and it takes focus away from innovation.

But the problem that organizations face is far bigger than

Read More