Prosper’s rate hike will impact personal loan borrowers with damaged credit scores.
Convenience is nice, but it’s not the No. 1 reason why borrowers should consider a personal loan.
The federal government has just issued long-awaited recommendations for how to protect both borrowers of and investors in personal loans. Here are 4.
Fintech lenders may be thought of as catering to customers with damaged credit, but new data suggests they’ve become powerhouse lenders to consumers with fair to good credit scores.
The Consumer Financial Protection Bureau is now taking complaints about online personal loans. Here’s what consumers have had to say.
The most popular reasons to take out a personal loan are for paying off credit cards and refinancing existing loans.
Avant, an online lending platform, is becoming a major player in online lending. It recently passed $3 billion in personal loans originated.
The use of personal loans is on the rise in the U.S., with about 24 million Americans likely to take out a personal loan in the next 12 months.
Credit card debt is becoming a staple of the American household, as more people look to plastic as a personal loan. An estimated 60% of Americans have credit card debt.
Loan origination isn’t free, even when there are no upfront fees. When you take out a personal loan you’re paying the expense involved with loan origination.