Loans Articles

Are Personal Loans Taxable?

Personal loans can be used for almost any expense. They are not generally taxable income unless the loan is forgiven. The money borrowed to pay off a personal loan becomes income canceled of debt (COD). When you file your taxes for the year the loan was forgiven, you...

What Is a Joint Loan?

You can borrow money with a friend, relative, or partner by getting a joint loan (or shared loan). While auto loans and mortgages are often joint loans, you can also apply for a joint personal loan. Standard personal loans can be a good option for borrowers with low...

How to Get a Personal Loan in 8 Steps

A personal loan is a great option when borrowing money for unexpected or significant expenses. However, to get the most from a personal loan, it is essential to have a solid plan for paying it off. It would help if you considered all aspects of a personal loan...

What Is a Personal Loan?

Personal loans are money that you can borrow for various purposes. A personal loan can be used to consolidate debt, pay off home renovations, or plan your dream wedding. Online lenders, credit unions, and banks can offer personal loans. You must repay the money...
What Is a Joint Loan?

What Is a Joint Loan?

You can borrow money with a friend, relative, or partner by getting a joint loan (or shared loan). While auto loans...

What Is a Personal Loan?

What Is a Personal Loan?

Personal loans are money that you can borrow for various purposes. A personal loan can be used to consolidate debt,...