Financial Cents: Posts About Personal Loans

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


5 Questions to Ask Yourself Before Taking out a Bad Credit Loan

Once you answer these questions, that short-term loan payday loan you've been eyeing might not look like such a great idea anymore.

Posted on: November 13, 2018


What It Really Means to Cosign a Loan

If you wouldn't be comfortable taking out a given loan for yourself, then you'll want to think twice about cosigning that loan for someone else.

Posted on: September 28, 2018


What Happens When You Can’t Pay Back Your Personal Loan

If you default on your personal loan, you're going to enter a world of debt collectors and garnished wages. Instead, try talking to your lender first.

Posted on: September 27, 2018


The 5 Ways a Personal Loan Can Affect Your Credit Score

Certain parts of borrowing a personal loan can raise your score, other parts will lower. But if you borrow responsibly, your score will turn out just fine.

Posted on: September 20, 2018


5 Personal Loans With Easy Approval (And Why That Can Be a Bad Thing)

While there are many great bad credit loans that come with easy approval, there are even more out there that are ... not so great. 

Posted on: September 06, 2018