Narrow use of funds. Like a personal loan, a car loan is a type of installment loan, which means you are approved for a certain amount and receive the proceeds upfront to cover the costs of the car.

A no-appraisal home equity loan can save time and lower closing costs by not requiring a formal appraisal, but it sometimes leads to higher interest rates and lower loan limits. Be sure to compare ...

You're generally not barred from paying off a personal loan early. But it might cost you. Read on to learn more.

The Education Department has announced a plan that will allow those in prison to consolidate their loans to avoid default.

Higher minimum APR compared to some lenders. Most personal loan lenders require good to excellent credit — usually meaning a credit score of at least 670. This could make it tricky to find a ...

A personal loan is in default if you fail to make a scheduled payment on time. Reaching out to your lender early can help you avoid serious damage to your credit score and even legal action. Debt ...

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Navient said this year it would move its private and commercial loans in the Federal Family Education loan program to MOHELA.

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According to a report by the Consumer Financial Protection Bureau, Americans over 60 are the fastest-growing group with student loan debt. In just ten years, the number of older Am ...

President Biden is hoping to shore up support with young voters who are disproportionately affected by soaring education costs. So far, he has canceled $153 billion in debt.