What Happens if You Miss a Personal Loan Payment?

What Happens if You Miss a Personal Loan Payment?

Missing a loan payment may cost you financially—now and into the future. You may be subject to additional interest and fees, your credit rating may be affected, and you may potentially risk your chances of loan approvals in the future. Your ability to finance a car or home may also be affected by missed loan […]

What’s the Difference Between a Personal Loan and a Line of Credit?

woman reviewing finances

There are two common ways to borrow money: take out a personal loan or open a personal line of credit. With a personal loan, you are provided a lump sum of money and then required to pay fixed monthly payments. On the other hand, with a line of credit, you are provided access to a […]