Financial Cents: Posts About Personal Loans

Should You Use an Installment Loan to Pay Off Your Credit Cards?

Consolidating all of your credit card debt into a single installment loan will likely save you money, but it'll probably mean larger monthly payments.

Posted on: February 11, 2019


Will a Bad Credit Loan Impact Your Credit Score?

The impact that a bad credit loan could potentially have on your score will depend on what kind of loan you've taken out.

Posted on: January 24, 2019


If You Have Bad Credit, Should You Consider an Installment Loan?

Unlike short-term payday loans, the right bad credit installment loan could deliver manageable payments and even boost your credit score!

Posted on: January 03, 2019


Should You Refinance Your Installment Loan? 4 Factors to Consider

Whether or not refinancing is right for you will likely come down to your specific financial situation—but these questions can still help you sort things out!

Posted on: December 28, 2018


It’s a Wonderful Life Is a Perfect Primer on Predatory Lending

The Frank Capra classic is not only a heart-warming tale of community and common decency, but it's also an incisive portrait of predatory business practices. 

Posted on: December 18, 2018


What’s a Payday Alternative Loan (PAL), and How Can You Get One?

The only downside to Payday Alternative Loans (PALs) is that you have to join a credit union now in order to apply for one when you really need it. 

Posted on: December 13, 2018


Here’s Why Some Cash Advances Are Much Riskier Than Others

The name "cash advance" can be used to describe two very different kinds of financial products, one of which is way more expensive and should totally be avoided.

Posted on: December 07, 2018


How Amortizing Interest Can Help You Avoid a Predatory Debt Cycle

When you're taking out a loan with bad credit, you want to make sure that every payment you make brings you one step closer to getting out of debt.

Posted on: December 05, 2018


Here are 4 Very Bad Reasons to Get a Personal Loan

Avoiding high-cost predatory loans is great, but even the most affordable loans can pose a danger to your finances if they're being taken out for the wrong reason.

Posted on: November 29, 2018


With Bad Credit Loans, the Size of Your Payments Is Key

Sure, being able to pay back a loan in only two weeks sounds great. But if the payment for that loan is too big for you to handle, you could enter a dangerous cycle of debt.

Posted on: November 20, 2018