How to Get a Personal Loan in 6 Steps

Shopping for a personal loan doesn’t have to be a complicated process. Knowing where to start and understanding how to compare offers can help you select the best personal loan. Below are six steps to... Read more

How to Apply for a Personal Loan

The process of applying for a personal loan may feel overwhelming if you don’t know where to begin or the documents you need. Below are five steps and common questions to help you through the... Read more

Here’s How Personal Loan Deferment Works

If you can’t pay your personal loan due to financial hardship, many lenders offer short-term deferment plans that will let you extend your loan term in exchange for a break from your regular monthly payment.... Read more

What Happens If I Default on a Personal Loan?

You had every intention of repaying your personal loan when you signed the loan agreement. But then life happened — maybe an unexpected job loss, injury or divorce — and now you’ve missed a payment... Read more

Debt Consolidation Calculator – NerdWallet

The debt consolidation calculator below can help you decide if consolidation is right for you. The calculator will suggest the best way to consolidate your debt and estimate your savings with a debt consolidation loan.... Read more

What Credit Score Do You Need For a Personal Loan?

Credit score requirements for personal loans vary across lenders. Many give preference to borrowers with good or excellent credit scores (690 FICO and above), but some lenders accept borrowers with bad credit (below 630). The... Read more

5 Ways to Consolidate Credit Card Debt

Credit card debt consolidation is a strategy that takes multiple credit card balances and combines them into one monthly payment. Consolidating your debt is ideal if the new debt has a lower annual percentage rate... Read more

Debt-to-Income Ratio: How to Calculate Your DTI

Debt-to-income ratio (DTI) divides the total of all monthly debt payments by gross monthly income, giving you a percentage. Here’s what you should know: Lenders use DTI — along with credit history — to evaluate... Read more

What Is an Annual Percentage Rate on a Personal Loan?

The term “annual percentage rate” is commonly used in reference to financial products such as mortgages, credit cards and personal loans. Specifically for personal loans, APR is the sum of the interest rate plus origination... Read more