How the Federal Reserve impacts personal loans
The Federal Reserve just lowered interest rates for the first time in four years.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
About the author
Pippin Wilbers is a Bankrate editor. He joined the personal loans team in 2024, though he's also contributed work on the auto loans, credit cards, student loans and small business loan verticals. Pippin is passionate about demystifying complex topics, such as car financing or finding the best personal loan, and helping borrowers stay up-to-date in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with reporters Hanneh Bareham and Denny Ceizyk, he analyzes industry data and trends and asks: "What does this mean for borrowers?"
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading, and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
The Federal Reserve just lowered interest rates for the first time in four years.
Alternative lenders provide a possible business funding source beyond banks.
Need help managing business loans? We’ve got top tips for you.
When applying for a business loan at a bank, there are several documents you’ll need to provide.
If you need space in your budget, here’s how to get a lower car payment.
Is CarsDirect or Auto Credit Express better? We compared the two to find out.
Find out what happens when a lender charges off an auto loan and how to keep your car.
Refinance your auto loan with LendingClub or Upstart for an online-only experience.
A potential FTC ruling could help consumers avoid losing money at car dealerships.