Personal Loan 101 - Understanding Personal Loans

ResourcesPersonal Loans 101: Understanding Personal Loans
When it comes to borrowing money, consumers have a variety of choices, ranging from credit cards to home equity loans. Personal loans are used for various purposes, such as meeting family emergencies, purchasing home furnishings or consolidating other debts. These loans are generally short-term. Most personal loans range from $100 to $5,000 with the borrowers paying equal installments at regular intervals over a determined number of weeks, months or years. Learn more.

Personal Loan 101 - Understanding Small Dollar Loans

Personal Loans 101: Understanding Small-Dollar Loans
Understanding Small-Dollar Loans compares and contrasts installment loans with payday, pawn, and car title loans. A chart summarizes the differences between these different products. Learn more.

Personal Loan 101 - Understanding APR

Personal Loans 101: Understanding APR
Understanding APR explains that APR, or Annual Percentage Rate, is one factor that can be helpful in comparing loans of similar size and duration, but is not helpful when comparing different types of loans. Learn more.

Personal Loan 101 - Understanding Credit Risk

Personal Loans 101: Understanding Credit Risk
The borrower takes on the responsibilities and terms of paying back the loan. The lender’s risk is the chance of non-payment. Consumers can choose from several types of loans. As a borrower, you need to understand the type of loan you are considering and its possible risk. This document provides information to help make a smart choice before applying for a loan. Learn more.

Personal Loan 101 - Understanding Payment Protection Insurance

Personal Loans 101: Understanding Payment Protection Insurance
Payment protection insurance can be a valuable tool in helping protect your credit and your loved ones from unexpected life events. If something unfortunate – such as an involuntary job loss, illness, accident, loss of life or loss of collateral – happened and you weren’t financially prepared, the results could be devastating. Learn more.