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What Is a Personal Loan?

Better Credit Blog

How Personal Loans Affect Your Credit Score. Personal Loan Alternatives. Should You Get a Personal Loan? What Are Personal Loans? Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. Consolidating Debt.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

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Best Personal Loan Companies of 2022

Better Credit Blog

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Lending Club.