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.
Auto rebates are money-back deals from manufacturers that lower vehicles’ costs.
TurboTax offers comprehensive tax filing support for a slightly higher price.
H&R Block is the best bet for those who qualify for the free edition and want the convenience of multiple filing options.
Consider the causes of higher rates of delinquency and how to avoid it.
A business’s DSCR indicates how well its cash flow covers its debts.
Learn the steps involved with getting a secured business loan and what collateral you can use.
Companies that help repay student loans are more common than you might think.
If you’re running out of time to find college funding, start here.