Consumer Loan Library

The consumer loan library is an educational division of Each week, we publish new tips and tutorials relating to personal loan, auto loans and more. These articles are designed to help you make smarter decisions, as a borrower.

We add new articles every week. Here are the most recent:

Is a Debt Consolidation Loan a Good Idea?
There are certain scenarios where it makes sense to consolidate and pay off high-interest debt with a personal loan. But a lot of it has to do with you, as the borrower. If you have the discipline to stop using your credit cards, this strategy might work to your advantage.

Secured vs. Unsecured Loans
What is the primary difference between secured and unsecured loans? In a word, collateral. With a secured loan, you are using some kind of asset or personal property as collateral to "secure" and protect the lender. This article explains the pros and cons of these two types of financing.

How a Personal Loan Affects Your Credit
Did you know a personal loan can either help or harm your credit score? It's true. And it mainly depends on how you repay the debt over time. In fact, your payment history influences your FICO score more than any other single factor. You can learn all about it inside.

Disclaimer: We strive to publish high-quality, in-depth articles on all aspects of consumer lending. Despite these efforts, our articles cannot take the place of one-on-one financial advice. Nor are they meant to. The information published on this website is intended for a general audience and serves as reference material only. Do not make any financial decisions based solely on the information contained in our library.