Peer-to-peer lending has become a hot topic in the personal finance community. Offering up a way to access loans without working with traditional banks, this type of lending has become a popular option, especially among the millennial generation. There are…
Your credit score plays a major role in your financial life. Good credit makes it easier to qualify for loans and helps you secure lower interest rates on those loans. That makes borrowing money easier and much cheaper. On the…
Having a high credit score makes a greater difference in your life than you might think. It allows you to take out mortgage loans, auto loans, credit cards, small-business loans, and other types of loans with little hassle, opening far…
Americans love credit cards. According to data collected by Experian, the total number of active U.S. credit card accounts approached 500 million in 2020, growing roughly 2.5% from the year prior. This growth came in spite of an unusual (and…
New cars are getting expensive. From October 2018 to October 2019, new car prices rose by roughly 3%, and as much as 6% in some categories, according to Kelley Blue Book. Meanwhile, inflation rose by only 1.8%. The average cost…
In the summer of 2020, Fair Isaac Corporation (better known as FICO) released two new credit-scoring models: FICO Score 10 and FICO Score 10T. The company estimates that 40 million Americans saw their credit score drop by 20 or more points as…
People love to throw around the cliche “It takes money to make money.” While largely untrue for individual employees, it does contain a ring of truth for entrepreneurs looking to start and grow a business. After all, real estate, inventory,…
We all have habits we frequently indulge. A daily morning latte or occasional new pair of shoes can seem harmless. But consider their effect on your bottom line. Even the tiniest regular purchases of $1 or $5 add up. And…
Consumer debt is on the rise. According to data collected by the Federal Reserve, U.S. consumers’ total outstanding debt rose from $3.313 trillion in 2014 to $4.178 trillion in 2020, the most recent full year for which data is available….
Do you need a personal loan to consolidate your debt, fund a home improvement project, or cover the cost of an unexpected medical bill? OneMain Financial may be able to help. OneMain Financial (NYSE: OMF) has offered loans for more…
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