
5 ways a personal loan could help you save money
A personal loan might be the key to getting the money you need without added costs.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
A personal loan might be the key to getting the money you need without added costs.
Upstart vs Caribou: These auto refinancers are similar with some key differences.
Learn more about alternatives like term loans, lines of credit and SBA loans.
Refinance your auto loan with LendingClub or Upstart for an online-only experience.
A trade-in might reduce your sales tax, but it may not be the best deal available.
Upstart and Best Egg are both good lenders for fair-credit borrowers.
Not all bad credit lenders are alike, so potential borrowers should choose carefully.
Precomputed interest is front-loaded at the beginning of the loan.