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A personal loan can help or hurt your credit rating depending on these factors. (iStock) Outstanding personal loan balances hit a record $305 billion last year, according to a study from credit bureau Experian. The report also found that personal loan debt is growing at a faster rate than auto […]
(Bloomberg) — NatWest Group Plc joined its rivals in painting a grim picture of the coronavirus-stricken U.K. economy, taking a further 2.1 billion-pound ($2.8 billion) charge to cover soured loans and prepare for a severe recession. Britain’s biggest corporate lender set aside double what analysts expected, and said impairments would […]
CLOSE Opinion: A phony loan? Using campaign funds to pay a babysitter? It’s not a good look for Rep. David Schweikert. But is it enough for voters in Scottsdale to dump him and send a Democrat to Congress? Rep. David Schweikert Won re-election in 2018. Served four terms in the […]
Correction: An earlier version of this story misstated the total amount of credit products currently in hardship programs. Just over 7% of auto and personal loans are in some type of financial hardship program as of June, while 6.79% of mortgages and 3.57% of credit card accounts are in some […]
What you need to know before writing the final check to your personal loan. (iStock) Personal loans are the fastest-growing type of consumer debt. They can be an effective way to consolidate other forms of debt or to pay for an unplanned expense, like pricey home improvements or a car […]
A personal loan can be a great way to get the cash you need to consolidate debt, finance a home improvement project or make a large purchase. The average interest rate on a two-year personal loan is around 10.6 percent, according to the Federal Reserve, compared to the average credit […]
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 […]