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.
Live Oak Bank was a leading provider of SBA loans in 2022 and promises a personalized business lending experience.
Recent reporting from the Federal Reserve found a record high number of loan applications denied.
Triton Capital offers working capital, equipment and SBA loans. The online lender accepts fair credit borrowers, though businesses will need at least $350,000 in annual revenue. Check out our Triton Capital review to learn more.
U.S. Bank offers several business loan products, including equipment loans that don't require a down payment. Our U.S. Bank business loans review has more details.
Consider if AI technology can help you choose your next vehicle.
Tesla now offers 84-month loans, but is it a financially wise move?
Many shoppers don’t look past the dealer for a car loan. There are other sources you can tap.
Fora Financial offers two types of business loans to business owners with minimum credit scores of 500 and above. Check out our Fora Financial business loans review for more information