All articles tagged Personal Loans (4)

5 Best Online Personal Loans for Bad Credit

5 Best Online Personal Loans for Bad Credit

One of the great inequities of the personal finance world is that those who tend to need the most help are often the least likely to receive it. Personal loans are a prime example of this reality. Often used to consolidate debt or pay for sudden financial emergencies, personal loans are often hard to obtain for those with bad credit and high debt levels. But while challenging to find, options do exist for bad-credit personal loans, although they may not be as affordable as those... read more »

2017’s Top P2P Personal Lending Platform — LendingClub Earns Our Editor’s Choice™ Award for Connecting Borrowers & Investors

2017’s Top P2P Personal Lending Platform — LendingClub Earns Our Editor’s Choice™ Award for Connecting Borrowers & Investors

In a Nutshell: Founded in 2007, LendingClub is a peer-to-peer lending platform where borrowers can request unsecured personal loans directly from individual investors. These loans can range in size from $1,000 to $40,000 and have a duration of either three or five years. Individuals who want their money to earn more can browse LendingClub’s website, and choose a loan or loans to invest in. Since LendingClub is an online marketplace, it has very low overhead costs compared to... read more »

Avant Personal Loans: How Innovation and Support Result in a 96% Satisfaction Rate

Avant Personal Loans: How Innovation and Support Result in a 96% Satisfaction Rate

In a Nutshell: A personal lender with heart, Avant provides financing for people with an average credit score ranging from 600-700. The team reassesses your creditworthiness using factors beyond just a credit score, so even those who've been rejected for a loan in the past can get financing. Rather than discounting people with low credit, this lender offers a second chance via small loans of $1,000 to $35,000. Transparent services, high customer satisfaction, and absolutely no... read more »

Grads Can Save Nearly $19K with SoFi: The First Marketplace Lender to Offer Student Loan Refinancing

Grads Can Save Nearly $19K with SoFi: The First Marketplace Lender to Offer Student Loan Refinancing

In a nutshell: Graduates who used student loans to fund their education face an average of $33,000 in resulting debt. Throw in a graduate school degree and the debt can easily exceed $100,000. Furthermore, many of those grads pay interest rates of up to 7 percent or higher on their loans. SoFi, a leading marketplace lender, stepped in to alleviate some of that financial strain by establishing the first student loan refinancing model in 2011. With variable rates as low as 2.14 percent,... read more »