
Black Friday 2022: Loan risk management statistics
Borrowing money to pay for holiday shopping is a sign of living beyond your means.
Good financial decisions start with a solid understanding of the options.
— Aylea Wilkins
Aylea Wilkins is an editor specializing in student loans. She has previously worked for Bankrate editing content about personal and home equity loans and auto, home and life insurance. She has been editing professionally for nearly a decade in a variety of fields with a primary focus on helping people make financial and purchasing decisions with confidence by providing clear and unbiased information.
Aylea received a bachelor's degree in European studies and a minor in editing in 2016 from Brigham Young University. She is passionate about grammar, language and debates about word usage and the Oxford comma.
In her spare time, she loves reading, organizing her pantry for the millionth time and writing about Disney parks.
Good financial decisions start with a solid understanding of the options.
— Aylea Wilkins
Borrowing money to pay for holiday shopping is a sign of living beyond your means.
Students can choose either federal or private student loans to help pay for school. Bankrate can help you find the best student loan to fit your needs.
When you refinance your student loans, you may qualify for a lower interest rate and a different repayment timeline, which could help you save money on interest or lower your monthly payments.
Taking out a student loan without a co-signer could mean higher interest rates, especially if you have spotty financial history, but there are some lenders that look at more than just your credit when approving you for a loan.
While federal student loans can be a great way to pay for college, they're limited to U.S. citizens and eligible noncitizens. That means a private student loan is the best way to pay for college for most international students.
You can finance a used car with auto financing, but sometimes a personal loan makes more sense.
A personal loan might be the key to getting the money you need without added costs.
When used properly, debt consolidation can improve finances and credit.
Weigh the pros and cons to decide if debt consolidation is right for your situation.