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.
To use your car as collateral for a loan, you must have equity in it.
These steps can help you succeed in buying a certified pre-owned car.
Legally you can have two 529 plans for one child, but it’s not always the best idea.
Here’s how to use a Roth IRA to pay for your child’s college tuition.
Learn when to include 529 plans on your taxes and what deductions you may claim.
Home improvement loans are tax deductible under these specific circumstances.
Here’s how to determine if taking out student loans is the right choice for you.
The Perkins Loan program ended in 2017, but you can still get old loans forgiven.