Convenience is nice, but it’s not the No. 1 reason why borrowers should consider a personal loan.
Millennials dine out more but spend less than their older brothers and sisters, and their parents.
Your credit card is worth more to crooks on the Internet today than it was last year.
The most popular reasons to take out a personal loan are for paying off credit cards and refinancing existing loans.
A cash advance on your credit card can get you convenient access to funds, but you’ll pay a higher interest rate than you would when purchasing something with your credit card.
Debt consolidation, home improvements and major purchases are the top reasons people choose personal loans. Others include financing a vacation, paying your taxes or paying for medical expenses.
Customer credit card data was stolen during the breach, which occurred between August and December 2015.
Why are millennials more likely to use personal loans? One reason is because they are delaying home ownership and can’t borrow against the equity in their homes.
The owner of restaurant chains including Bubba Gump and Rainforest Cafe says customer credit card information was stolen recently.
Scammers are taking advantage of the massive credit-card-industry switch to chip-based credit and debit cards.