Diana Mason

Acorns Review 2018: Micro Investing With Your Spare Change

By: Diana Mason | Last Updated: August 21, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

A father-and-son duo is the brains behind Acorns, an investment service that rounds your spending up to the next dollar and invests the difference. All you need is a linked credit card and checking account, and Acorns will take care of the rest. Although you’re only investing a handful of change at a time, this micro-savings service makes investing virtually painless.

Why It’s Hot

Why It’s Not

Pain-free way to save: The amounts taken are so small, you won’t notice they’re missing from your checking account.
Takes away most complexities of investing: You don’t need to understand portfolio theory to use Acorns.
No money, no problem: Acorns does not have a minimum deposit requirement in order to open an account.
Free for students: Acorns is free to use for any college student with a valid .edu email address for up to four years.

Tiny savings: Amounts are not big enough to save towards retirement or larger goals.
Flat management fee: Although $1 or $2 per month sounds cheap, it’s a high percentage for investors with small balances.
Small portfolio: Only 5 to choose from that cover 5 to 7 asset classes
Possible to lose money: You can lose principal with Acorns. If that’s of concern, you can choose the conservative portfolio with less risk.

Learn More at Acorns

All About Investing With Acorns

Acorns Fees

Account Type	Fee
Under $1 million	$1 per month
Over $1 million	0.25% per year
Under 24 and in college	Free
IRAs	+$1 per month

Acorns Features

The micro investing service was designed for certain kinds of investors: people who have a hard time saving, college students, and those that want to be hands-off with their investments.

Round-Ups

Round-Up transfers will take every purchase you make on your linked account, round the transactions up to the next dollar, and deposit the difference into your Acorns investment.

You can choose what kinds of purchases you want to Round-Up with, or set it to “automatic” which will apply to all eligible transactions. If you’re looking to invest at a faster rate, you can choose to go with Round-Up Multiplier, which will boost your Round-Up to 10 times the amount.

Purchase Amount	Round-Up Difference	Multiplier (x10)
$25.53	$0.47	$4.70

Besides Round-Up deposits, you can also invest cash reward bonuses from a rewards program, or lump sum amounts. To simplify the process, you have the option to schedule recurring daily, weekly or monthly deposits.

There are no deposit or account minimums, no commision fees, and no penalties for withdrawing funds. Acorns makes money by withdrawing them from your funding source, rather than taking it out of the money you invested.

Found Money

Every time you use your Acorns-linked debit or credit card at one of 100+ partner retailers, that retailer will invest a little bit into your Acorns account. In some cases, you’ll get your cash back automatically in 60 to 120 days, without having to complete any additional steps.

Acorns Later

For existing Acorn users, Acorns Later is an optional service which invests in specially-designed Individual Retirement Accounts (IRAs). These cost an additional $1 per month until your investment reaches $1 million. After that, the fee is $100 per $1 million.

Free For College Students

Acorns is reaching out to new, young investors by offering zero fees on any accounts of any size. To qualify, you must have a valid email address ending in .edu, with a “Student” employment status for up to four years from the registration date.

Educational Content

The website and app are treasure troves of information for the newbie investor. You’ll find keywords defined in layman’s terms, Grow Magazine which covers personal finance topics, and a free, five-step, financial literacy course from Udemy.com.

Opening An Acorns Account

Signing up is relatively quick and easy by going online or downloading the app. You start by entering a PIN access code, which will be your PIN for every time you log into the app.

Choose a bank account to Round-Up. If your bank is not listed, you can click the “Next” button and do a search for your bank’s name. You’ll get a prompt to log into your bank. Once in, click on which account you’d like to Round-Up. If you want, you can link Acorns to more than one account.

Choose a checking account to transfer funds. Different than the previous step, this account is where Acorns pulls money for investment. Just connect an existing checking account from the list and sign-in. If the account isn’t listed, you can input your routing and account information to connect the checking account of your choice

Create an investment account. You’ll need to input your first and last name, address, phone number, date of birth, and a security question and answer. You’ll then be prompted to answer standard questions required by the SEC when you open a brokerage account. The next screen will ask about your personal finances and your reasons for investing. This will help Acorns give you a good portfolio recommendation as well as customized advice. Lastly, you’ll need to fill in your social security number, which will be used for identity verification, tax reporting, and fraud prevention.

Portfolio Options

Once you’ve open your Acorns account, it’s time to check out your portfolio, where you’ll also see a list of tips, advice and ideas.

Acorns will recommend a portfolio for you based on your variable cash flow, median net worth, long-term investment reason, age and income. However, you have the freedom to choose whichever portfolio you want:

Portfolio	Stock %	Bond %	Real Estate %
Conservative	18%	80%	2%
Moderately Conservative	36%	60%	4%
Moderate	54%	40%	6%
Moderately Aggressive	72%	20%	8%
Aggressive	90%	0%	10%

Once you’ve picked your portfolio, you can move on to exchange traded funds (ETFs). Select which asset class you want to invest in, click “Confirm Portfolio,” and you’re done!

My Impressions

If you’re new to investing, or if you don’t have much to invest, then Acorns may be a good option. Its micro-savings service won’t affect your lifestyle. On the flip side, the monthly deposits are such a small amount, that you can’t really count it as a way to save for your retirement.

If you want a more “serious” way to invest with larger deposit amounts, you should consider one of the popular Automated Investing services (a.k.a. Robo-Advisors) like WealthSimple, Personal Capital or Wealthfront.

Learn More at Acorns

*My Investments Disclosure

I'm constantly tweaking my investment strategies as I gain more insight and as investment options evolve. Below is my current lineup. Thinkorswim platform from TD Ameritrade. This is the desktop platform I currently use to trade Forex, Futures and Equities. I mainly swing-trade, entering and exiting positions over a period of days to weeks. For the most part, I base my trading on Technical Analysis, following the tips I've learned from the james16 Chart Thread on forexfactory. As this is a high-risk endeavor, I only use a small portion of my pot. Vanguard funds. As the great Warren Buffet recommends, I invest a good portion into an S&P 500 index fund directly with Vanguard. Most of my investments here are in the VOO Vanguard S&P 500 ETF. With an Expense Ratio of just 0.04%, this is a great way to diversify and save a great deal on fees. I've also decided to diversify further with the total stock market, investing in the VTI ETF with Vanguard. Wealthfront. If you're a good number of years before reaching retirement, many finance experts suggest going with a robo-advisor. I've set my risk tolerance at high for now, and split a good portion of my investment funds between my Wealthfront and Vanguard accounts. With so many good reputable robo-advisors on the market, I decided on Wealthfront based on their track record, client reviews, and because I've been able to waive all management fees through their referral program. Fundrise. I wanted to have an alternative to stocks and bonds, and decided to dip my toes in the private real estate arena with Fundrise. I'm not all-in on this strategy just yet, and only have a small account open. Online Savings. This is how I store my emergency funds. The best online Savings accounts will provide much better rates than your traditional big banks will. You'll be able to make up to 6 withdrawals a month for emergency situations. Click the link to compare the nation's best rates. Bitcoin and cryptocurrency. This is simply for fun and I can't recommend this option to anyone with all the unknowns. My investments in cryptocurrencies are minuscule, but it's fun following the madness.

Compare Top Robo-Advisors

Compare the best Automated Investing services here.


MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review.

- Chase Total Checking® ($200 bonus)
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- Chase Total Business Checking® ($200 bonus)
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Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC.

Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review

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Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card.

The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review

The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review

CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review

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Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review

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Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review

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LoanDepot Personal Loans Review 2018: $5,000 To $35,000 Loan Amounts

By: Diana Mason | Last Updated: August 14, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Cali-based loanDepot was founded in 2010 and has quickly grown to one of the largest online lenders in the United States with over $800 million in personal loans funded. It offers rates as low as 7.18% for loans up to $35,000. Want to see if loanDepot is a good fit for you? Read on for the good, the bad and my breakdown of personal loans with loanDepot.

About LoanDepot

Borrower Averages

Credit Score	705 – 715
Annual Income	$98,436
Home Owner	80%

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to loanDepot’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. After approval, you’ll get your funds between two to three days.
Flexible fund use. A personal loan through loanDepot can be used for debt consolidation, medical expenses, home improvement, special occasions and more.
Competitive fixed rate. With excellent credit, your APR could be as low as 7.18%, and that won’t budge for the entire duration of your loan term.
No prepayment penalty. So you can pay that loan of yours back as quickly as possible!
Rebuild your credit. LoanDepot reports your payments to Equifax and TransUnion, so you can rebuild your credit by making on-time payments.

The Bad

Only two fixed term lengths. You’re limited between either a three-year term or a five-year term.
Late payment fee. If your monthly payment is more than 15 days late, you will have to pay a $15 fee.
Unsuccessful payment fee. If your payment is rejected, you will incur a fee of $15 per unsuccessful transaction.

Eligibility Requirements

Applicants must have a minimum credit score of 660 and a maximum debt-to-income ratio of 40%, excluding mortgage. There is no minimum income requirement.

LoanDepot Terms & Fees

Loan Amounts	$3,000 – $35,000
Loan Terms	3 or 5 years
Repayment Options	Monthly
Origination Fee	1% – 5%
Funding Time	2-3 days
Soft Credit Check?	Yes
APR	7.18% – 29.98%
How To Qualify	Minimum credit score of 660 No minimum income requirement Debt-to-income ratio of 40% or lower, excluding mortgage
Prepayment Fee	None
Late Payment Fee	$15
NSF Payment Fee	$15
Check Processing Fee	None

The Breakdown

Applying for a personal loan with loanDepot is quick and easy with a simple online form, no collateral required and a soft credit check. You can use your funds for just about anything, and your rates could be as low as 7.18%. There’s no penalty for paying back the loan early, and it’s a great opportunity for you to rebuild your credit.

Sample Loan

Loan Size	$20,000
Loan Term	60 months
Origination Fee (2.5%)	$500
Funds Received	$19,500
APR	18.0%
Total Interest	$10,472.11
Monthly Payment	$507.87

However, if you’ve got less than stellar credit, your rates can be upwards to 29.98%. You have only two term lengths to choose from, three or five years. Plus, you have to watch out for those late payment and insufficient funds fees.

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® ($200 bonus)
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Payoff Review 2018: Personal Loans For High-Interest Credit Card Debt

By: Diana Mason | Last Updated: August 13, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Not your average broker, Payoff is an online financial wellness company that employs a team of psychologists, scientists and techies to provide you with tools and services to better understand your finances and help you reach your goals more quickly. It specializes in helping borrowers pay off their high-interest credit card debt by combining them into one monthly payment at a fixed rate and term. Keep reading for the good, the bad and my breakdown of unsecured personal loans with Payoff.

Learn More at Payoff

About Payoff

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Payoff’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Fixed rate. It won’t budge for the entire duration of your loan term.
No penalty fees. Payoff does not make you pay late, check-processing, returned check, insufficient funds or prepayment fees.
Payoff tools. So called “empowerment science” assessments to evaluate your financial personality, stress and cash flow. The aim is to better understand yourself and your financial habits.
Personal service. You’ll receive a welcome call once you accept the loan, and Payoff Member Advocates will perform quarterly check-ins during your first year. Customer service is available via phone, email and live chat.
Career support. If you lose your job, Payoff will work with you to create a new payment plan for your loan. Its team of recruiters can also review your resume, provide job interview advice and assist with find you a new job.
Rebuild your credit. Payoff reports your payments to all three major credit bureaus, so you can rebuild your credit by making on-time payments. Customers who paid off at least $5,000 in credit card debt saw an average credit score increase of 40 points within the first four months of receiving their loan.

The Bad

Not available in all states. A Payoff personal loan is only available in less than half of the United States. Bad news if you live in Alabama, Arizona, Connecticut, Delaware, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, North Carolina, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia and Wisconsin.
Restricted fund use. A personal loan through Payoff can only be used for debt consolidation.
For those with good credit. You should not have any delinquencies greater than 90 days within the past 12 months.
Funding time. It could take anywhere from 2 to 7 days before you receive your funds.

Eligibility Requirements

Applicants must have a minimum credit score of 660 and a maximum debt-to-income ratio of 50%. There is no minimum annual income requirement. However, you must have at least three years of good credit history with two open lines of credit of which you’ve made on-time payments.

Payoff Terms & Fees

Loan Amounts	$5,000 – $35,000
Loan Terms	2 to 5 years
Repayment Options	Monthly
Origination Fee	2% – 5%
Funding Time	1 to 7 business days
Soft Credit Check?	Yes
APR	8% – 25%
How To Qualify?	Minimum credit score of 660 No annual income requirement Debt-to-income ratio of less than 50%
Prepayment Fee	None
Late Payment Fee	None
NSF Payment Fee	None
Check Processing Fee	None

The Breakdown

Payoff is a great option for people with good credit histories, but struggling to pay off their high-interest credit card debt. The application is quick and easy with only an initial soft credit check and no collateral required. Your rates are fixed, and there aren’t any penalty fees whatsoever. Payoff prides itself on its member benefits and services like “empowerment science” assessments, personal service from member advocates, and career support.

Sample Loan

Loan Size	$20,000
Loan Term	48 months
Origination Fee (3.5%)	$700
Funds Received	$19,300
APR	16.5%
Total Interest	$7,453.13
Monthly Payment	$571.94

However, you can only use your Payoff personal loan for debt consolidation. Most Payoff borrowers have good credit with no delinquencies greater than 90 days in the past year, so your chances of getting approved with bad credit is slim. Funding can take up to 7 days, much longer than the average online broker. You must also live in a state where Payoff offers loans.

Learn More at Payoff

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® ($200 bonus)
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- Chase Premier Plus Checking℠ ($300 bonus)
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OneMain Review 2018: Personal Loans For Bad Credit Borrowers

By: Diana Mason | Last Updated: August 10, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Formerly SpringLeaf, OneMain Financial offers customized loan solutions operating out of over 1,600 branches in 44 states. It specializes in providing personal loans of up to $30,000 to people with bad credit. To date, OneMain has originated more than $10 billion in loans to over 3.5 million borrowers. Want to learn more? Keep reading for the good, the bad and my breakdown of personal loans with OneMain Financial.

About OneMain Financial Personal Loans

Borrower Averages

OneMain Financial considers both your credit history and your financial ability to repay the loan. It analyzes your income, budget and other financial responsibilities to determine whether or not to approve your application.

Credit Score	622
Annual Income	$49,000

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here. However, you are welcome to provide personal property as collateral.
Joint applications. OneMain welcomes cosigners so you have a better chance of getting approved and qualifying for better rates.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. You can get your funds the same day you’re approved.
Flexible fund use. A personal loan through OneMain can be used for debt consolidation, home improvements, life events, travel and more.
Fixed rate. It won’t budge for the entire duration of your loan term.
Seven-day commitment guarantee. If you change your mind, you have seven days to cancel with no penalty.
No prepayment penalty. So you can pay that loan of yours back as quickly as possible.
Flexible payment options. You can make payments online, in a branch, by phone, by mail, via app and even at a Walmart Service Desk.
OneMain Rewards. Earn points by completing simple tasks like paying your bills on time, completing budget tutorials, monitoring your credit score and interacting with the company on social media. Points can be redeemed for gift cards and other discounts.

The Bad

Not available in all states. You can’t apply for a OneMain personal loan if you live in Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont and Washington D.C.
Must meet in person. To complete the loan, you’ll have to visit a branch to verify your identity, income, expenses, employment and collateral (if any).
High rates. The low end is just over 16%, while the high end is almost 36%!
Full coverage insurance required for collateral. If you take out a secured loan, OneMain requires that you have full coverage on the vehicle you use as collateral.

Eligibility Requirements

There are no minimum credit score, gross annual income or debt-to-income ratio requirements.

One Main Financial Terms & Fees

Loan Amounts	$1,500 – $30,000
Loan Terms	2 to 5 years
Repayment Options	Monthly
Origination Fee	Varies by state
APR	16.05% – 35.99%; 9.99% minimum for secured loans
Soft Credit Check?	Yes
How To Qualify	Minimum credit score: None, but average is between 600 and 650 Minimum credit history: Not provided Minimum annual income: None, but average is $49,000 Debt-to-income ratio: Not provided
Prepayment Fee	None
Late Payment Fee	5%
NSF Payment Fee	Varies by state
Debit Card Payment Fee	$2.95 per payment
Payment Fee at Walmart	$1 to $1.50

The Breakdown

OneMain Financial is a great choice for borrowers with less than stellar credit who can apply with a cosigner. Collateral is not required, and the company will only do a soft pull on your credit during the initial application process. Funding is super quick after approval. The rate is fixed, and there’s a seven-day grace period for you to change your mind, for whatever reason. You also have plenty of payment options to choose from. With OneMain Rewards, you can easily earn discounts and gift cards from participating restaurants and retailers.

Sample Loan

Loan Size	$15,000
Loan Term	48 months
Origination Fee (4%)	$600
Funds Received	$14,400
APR	26.0%
Total Interest	$9,276.46
Monthly Payment	$505.76

However, the process is not all online. To complete the application, you have to drag yourself to a OneMain Financial branch with the necessary documents. The rates are also quite high compared to other lenders. If you are going to take out a secured loan, OneMain requires that you have full coverage insurance on that collateral. Lastly, OneMain personal loan is not available to those living in Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont and Washington D.C.

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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Best Egg Review 2018: Personal Loans With Option To Borrow Twice

By: Diana Mason | Last Updated: August 9, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Best Egg is an online lending platform that offers loans up to $35,000 with rates as low as 5.99%. Since 2014, it has originated over $5 billion in loans to more than 350,000 borrowers. Definitely not the norm, Best Egg lets borrowers take out two loans at the same time , if qualified. Find out more about Best Egg personal loans below: the good, the bad and my breakdown.

About Best Egg

Borrower Averages

Credit Score	700
Credit History	7 years
Annual Income	$60,000

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Best Egg’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. It can take as little as one business day, if approved.
Flexible fund use. A personal loan through Best Egg can be used for debt consolidation, credit card refinancing, home improvement, moving expenses, vacation and more!
Competitive fixed rate. With excellent credit, your APR could be as low as 5.99%, and that won’t budge for the entire duration of your loan term.
No prepayment penalty. So you can pay that loan of yours back as quick as possible!
Intuitive tools. They’re designed to put you in control. Customizing your loan is easy, and managing your loan is a breeze with multiple payment options. These self-service and easy-to-use tools are available to you 24/7.
Borrow twice. If you’re thinking about taking out a second loan with Best Egg, make sure your first loan is at least six months old and that you haven’t missed any payments. The total amount of both loans must not exceed $50,000.

The Bad

Not available in all states. You can’t apply for a Best Egg personal loan if you live in Iowa, West Virginia, Vermont, Puerto Rico or Guam.
Only 2 fixed term lengths. You’re limited between either a 3 year term or a 5 year term.
Origination fee. There is an administration fee which can range from 0.99% to 5.99%.
Processing fee. You will be subject to a $7 fee per payment if you’re not enrolled in automatic payments.
Late payment fee. If you miss your payment by more than 3 days, Best Egg will charge you a $15 late fee.
NSF fee. If your payment is rejected, you’ll have to pay $15 per unsuccessful transaction.

Eligibility Requirements

Applicants must have a minimum credit score of 660. You must also have at least three years of credit history with a minimum of three open credit accounts. There’s a minimum annual income requirement of $50,000, and the maximum debt-to-income ratio is 40%.

Best Egg Terms & Fees

Loan Amounts	$2,000 – $35,000
Loan Terms	3 or 5 years
Repayment Options	Monthly
Origination Fee	0.99% to 5.99%
APR	5.99% – 29.99%
Prepayment Fee	None
No AutoPay Fee	$7 per payment
Late Payment Fee	$15
NSF Payment Fee	$15

The Breakdown

If you meet Best Egg’s lofty income and credit requirements, it could be a good option, especially if you need the funds quickly. The online application requires a soft credit check, which won’t hurt your credit score. You can use your funds for just about anything. Your rates are fixed for the entire length of the loan term, and there’s no penalty for early payment. Unique to Best Egg are its intuitive online tools and your ability to borrow twice.

Sample Loan

Loan Size	$15,000
Loan Term	36 months
Origination Fee (3%)	$450
Funds Received	$14,550
APR	15.0%
Total Interest	$3,719.28
Monthly Payment	$519.98

Unfortunately, you can only choose between two term lengths, 3 or 5 years. If you live in Iowa, West Virginia, Vermont, Puerto Rico or Guam, you can’t apply for a Best Egg personal loan. If you do choose to apply, please keep in mind there is a 0.99% to 5.99% origination fee and your rates may be as high as 29.99%. If you get approved, be well aware of Best Egg’s fee schedule.

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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PenFed Credit Union Personal Loans Review 2018

By: Diana Mason | Last Updated: August 7, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

With over 80 years of lending experience, Pentagon Federal Credit Union AKA PenFed serves more than 1.6 million members in all 50 states and military bases around the world.

PenFed offers loans up to $25,000 with rates as low as 6.49%. This military-focused credit union acknowledges that, sometimes, bad luck happens. When you enroll in its debt protection insurance plan, you’re covered. Find out more about PenFed personal loans: the good, the bad and my breakdown.

About Personal Loans From PenFed

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to PenFed’s website and apply online (for members only).
Joint applications. PenFed welcomes cosigners, so you can have a better chance of getting approved and qualifying for better rates!
Quick funding. It can take as little as one business day, if approved.
Flexible fund use. A personal loan through PenFed can be used for debt consolidation, home improvement, auto repair and travel.
No origination fee. What you borrow is what you get.
Competitive fixed rate. With excellent credit, your APR could be as low as 6.49%, and that won’t budge for the entire duration of your loan term.
No prepayment penalty. So you can pay that loan of yours back as quick as possible!
Live customer service 24/7. PenFed is available to their members worldwide, via web, seven days a week, twenty-four hours a day.
Flexible loan repayment. You can also adjust the due date on your monthly payments once per year, terms apply.
Debt protection option. In case of disability or death, PenFed’s Debt Protection insurance plan will pay off or cancel some or all of your loan payments.

The Bad

For PenFed customers only. Because PenFed is a credit union, you will be required to join in order to apply for a loan. Anyone is qualified for membership by joining Voices for America’s Troops ($14 in dues) or the National Military Family Association ($15 in dues).
Loan terms vary by amount. You can borrow as little as $500 for a three-year term, $5,000 for a four-year term and $10,000 for five-year term.
Hard credit check. This can affect your credit score. It pulls information from major credit bureaus and receives timely payment reports.
Late payment fee. If your payment is more than 5 days late, you’ll be hit with a 20% fee.
Returned check fee. If your payment is returned due to insufficient funds, it’ll cost you $30.

Eligibility Requirements

There are no minimum credit score, gross annual income or debt-to-income ratio requirements. Instead, PenFed will consider your entire financial situation during the underwriting process to evaluate your loan application.

PenFed Terms & Fees

Loan Amounts	$500 – $25,000
Loan Terms	3 to 5 years
Repayment Options	Monthly
Origination Fee	None
APR	6.49% – 17.99%
Prepayment Fee	None
Late Payment Fee	20%
NSF Payment Fee	$30
Check Processing Fee	None

The Breakdown

PenFed is a great choice for average credit borrowers or those with poor credit who can apply with a cosigner. You don’t need collateral and the application process is quick and easy. There are no origination or prepayment fees, and the rates are competitive with good credit. PenFed caters to their members with live 24/7 customer service, flexible loan repayment and debt protection.

Sample Loan

Loan Size	$12,000
Loan Term	48 months
APR	12.0%
Total Interest	$3,168.29
Monthly Payment	$316.01

If you aren’t already a PenFed member, it’ll take you a few extra steps to apply. Loan terms vary by amount, so make sure to check what terms apply with your loan amount. You’ll be hit with a hard pull on your credit just to see if you qualify for a PenFed personal loan. Lastly, when you receive your funds, keep in mind the late and NSF payment fees.

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Upstart Review 2018: Personal Loans By Ex-Googlers

Founded by former Google employees, Upstart is the first lending platform to utilize artificial intelligence and machine learning to automate the borrowing process and price credit. With a “smarter” credit model that takes into account education and job history, Upstart has the ability to approve almost twice as many borrowers, with fewer defaults.

Since 2012, Upstart has originated $2.2 billion in loans and quadrupled in growth in 2017 alone. Want more intel? Keep reading for the good, the bad and my breakdown of personal loans through Upstart.

Learn More at Upstart

About Upstart

Borrower Averages

The typical Upstart borrower is a recent college graduate with good GPA and SAT scores and low debt-to-income ratios.

Average Credit Score	692
Average Income	$100,000

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Upstart’s website and apply online.
Unique approval process. The application process doesn’t only look at credit score. It’ll also focus on other factors like area of study, work history and GPA.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. It can take as little as one business day, if approved.
Flexible fund use. A personal loan through Upstart can be used for debt consolidation, medical bills, travel and even education-related expenses.Upstart has partnered with several coding bootcamps that allows the borrower to use the loan for tuition, even if you don’t have a job or college degree.
Fixed rate. It won’t budge for the entire duration of your loan term.
No prepayment penalty. So you can pay that loan of yours back as quick as possible!
Live customer service 7 days a week. Upstart’s friendly Silicon Valley-based team is available between 6am and 5pm on weekdays and 6am to 5pm on weekends, PST.
Borrow twice. If you’re thinking about taking out a second loan with Upstart, make sure your first loan is at least six months old and that you haven’t missed any payments. The total amount of both loans must not exceed $50,000.

The Bad

Not available in all states. You can’t apply for an Upstart personal loan if you live in West Virginia or Iowa.
Only 2 fixed term lengths. You’re limited between either a 3 year term or a 5 year term.
The fees. Before receiving your funds, an origination fee of up to 8% will be deducted. The late fee is $15 or 5% of the amount due, whichever is greater. If your payment is returned due to insufficient funds, it’ll cost you another $15.

Eligibility Requirements

Applicants must have a minimum credit score of 620, a gross annual income of at least $12,000 and a debt-to-income ratio of up to 45%.

Upstart Terms & Fees

Loan Amounts	$1,000 – $50,000
Loan Terms	3 or 5 years
Repayment Options	Biweekly or monthly
Origination Fee	0% – 8%
Soft Credit Check?	Yes
Typical APR	7.8% – 29.99%
Funding Time	Usually 1 day; 3 days for education loans
Prepayment Fee	None
Late Payment Fee	$15 or 5%, whichever is greater
NSF Payment Fee	$15
Check Processing Fee	None

The Breakdown

Upstart is a great choice for borrowers with average credit or young borrowers who are new to credit, thanks to the lending platform’s unique approval process. Applying is painless, and you may be able to get your hands on funds as soon as the next day. Fund use is extremely flexible, including student loan repayment and tuition for coding bootcamp. Live and friendly customer service is available to you seven days a week. If you like your experience with Upstart, you can request a second loan even though you haven’t finished paying off the first one yet (terms apply).

Sample Loan

Loan Size	$25,000
Loan Term	60 months
Origination Fee (4%)	$1,000
Funds Received	$24,000
APR	18.0%
Total Interest	$13,090.14
Monthly Payment	$634.84

Upstart’s rates aren’t the most competitive, with its low end starting at 7.73% APR. If you are leaning towards Upstart, make sure to calculate in the origination fee of up to 8% and keep in mind their fees for late payment and insufficient funds. Also, you can only choose between a three year or five year term length. Lastly, sorry West Virginia and Iowa residents, Upstart is not available in your state.

Learn More at Upstart

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Avant Review 2018: Personal Loans For The Typical Middle-Class American

By: Diana Mason | Last Updated: August 3, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

In 2015, Forbes Magazine named Avant the sixth most promising company in the United States. That comes as no surprise since the lender service has originated $4 billion in loans to over 600,000 borrowers.

Want to see what Avant has in store for you? Below is the good, the bad and my breakdown of personal loans with Avant.

Avant Pros & Cons

Pros

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Avant’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. It can take as little as one business day, if approved.
Flexible fund use. A personal loan through Avant can be used for debt consolidation, home improvement or unexpected expenses.
No prepayment penalty. So you can pay that loan of yours back as quick as possible!
Avant tools. With a simple dashboard and mobile app, staying up to date with your loan is easy.
Live customer service 7 days a week. In a recent survey, 95% of Avant customer said they left satisfied. Nine out of ten Avant borrowers would recommend this lending service to others.
Rebuild your credit. Avant reports to Equifax, Experian and TransUnion, so you can rebuild your credit by making on-time payments.

Cons

Not available in all states. You can’t apply for an Avant personal loan if you live in Iowa, Colorado or West Virginia.
Origination fee. There is an administration fee which can range from 1.50% to 4.75%.
Rates. Even the low end (9.95%) of Avant’s rates isn’t that low, and most definitely the high end (35.99%) as well.
Late payment fee. Miss your payment by more than 10 days, and Avant will charge you a $25 late fee. If your next three payments are on-time, Avant will reward you by refunding the last late fee.
NSF fee. If your payment is rejected, you will have to pay $15 per unsuccessful transaction.
Online only. Avant does not have any brick-and-mortar branches to make payments or ask questions in person.

Borrower Averages

Avant president, Adam Hughes, says the company focuses on the “typical middle-class American consumer.” About half of Avant’s borrowers take out loans for debt consolidation.

Credit Score	650
Annual Income	$40,000

Eligibility Requirements

Applicants must have a minimum credit score of 580 and a gross annual income of at least $20,000. There is no debt-to-income ratio requirement.

Avant Terms & Fees

Loan Amounts	$2,000 – $35,000
Loan Terms	2 to 5 years
Repayment Options	Monthly
Origination Fee	1.50% to 4.75%
APR	9.95% – 35.99%
Prepayment Fee	None
Late Payment Fee	$25
NSF Payment Fee	$15
Check Processing Fee	None

The Breakdown

Applying for a personal loan with Avant is quick, convenient and easy with no collateral needed. You can receive your funds in as little as one business day. With exceptional customer service and Avant’s app, it’s easy to manage your loan.

Sample Loan

Loan Size	$15,000
Loan Term	36 months
Origination Fee (2.5%)	$375
Funds Received	$14,625
APR	18.0%
Total Interest	$4,552.29
Monthly Payment	$542.29

Avant rates aren’t the most competitive, with its low end starting at 9.95% APR. Make sure to calculate in the origination fee of up to 4.75%. Plus, there are fees for late payment and insufficient funds. Avant is not available to Iowa, Colorada and West Virginia residents, and you can only communicate with representatives online or via phone.

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® ($200 bonus)
- Chase Savings℠ ($150 bonus)
- Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses)
- Chase Premier Plus Checking℠ ($300 bonus)
- Chase Total Business Checking® ($200 bonus)
- Chase College Checking℠ ($100 bonus)

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LightStream Review 2018: Personal Loans $5,000 To $100,000

By: Diana Mason | Last Updated: August 2, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

LightStream is an online lending division of SunTrust Bank that offers fixed competitive rates and flexible terms on loans from $5,000 to $100,000. This amount can be delivered directly to your bank account, often as soon as the same business day.

LightStream’s unique lending model has rates that are dependent on the purpose of the loan. For example, a loan to consolidate debt is considered higher risk than a loan to purchase a car. LightStream’s rate will reflect that. No other online lender tailors their rates to how borrowers use their loan.

Read on to learn more about LightStream personal loan and see if it’s the right one for you.

Learn More at LightStream

Borrower Averages

Credit Score	720
Credit History	At least 5 years with diverse credit (credit cards, mortgage, car loan)
Payments	History of positive payments

LightStream customers have several years of credit history with a variety of account types, such as major credit cards and vehicle loans (installment debt). They have an ability to save which shows in their liquid assets, cash down payments on real estate, retirement savings and manageable revolving credit debt. These borrowers have stable and sufficient income and assets to repay their current debt obligations and any new loan with LightStream. Lastly, these customers have a good payment history with few, if any, delinquencies.

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to LightStream’s website and apply online.
Joint applications. LightStream welcomes cosigners for every loan type and allows one party to have a credit score lower than its minimum requirement.
No origination fee. There’s no “middleman” fee, and you will receive the full amount of your loan.
Quick funding. You can get funds in your account as soon as today, if approved.
Flexible fund use. A personal loan through LightStream can be used for an auto purchase, home remodel, debt consolidation, timeshare, medical or wedding expenses, and more!
Competitive fixed rate. With good to excellent credit, your APR could be fairly low, and that won’t budge for the entire duration of your loan term.
Lowest rate guarantee. LightStream is so confident in the competitiveness of their interest rates, they will beat any APR presented by other lenders by 0.10 percentage points, given similar terms and conditions.
No fees. There are no prepayment fee or late fees.
$100 loan experience guarantee. If you received a loan from LightStream and you were not completely satisfied with your experience, please contact their customer service. You’ll have a chance to complete a questionnaire so LightStream can improve their services. Submit your response before the 30 day time limit, and $100 is yours to keep!
Your loan plants a tree. LightStream has teamed up with American Forests, the oldest conservation organization in the United States, and pledged to donate a tree for every funded loan.

–Picture from blog.LightStream.com

The Bad

Stiff credit qualifications. LightStream caters to borrowers with good to excellent credit.
Online only. LightStream’s loan service is completely online. You can’t go into a SunTrust bank branch to make payments or ask questions in person.

Eligibility Requirements

All applicants must have a minimum credit score of 660. There is no minimum annual income requirement and no debt-to-income ratio requirement.

LightStream Terms & Fees

Loan Amounts	$5,000 – $100,000
Loan Terms	2 to 7 years *Payment example: Monthly payments for a $10,000 loan at 5.89% APR with a term of 3 years would result in 36 monthly payments of $303.72.
Repayment Options	Monthly
Origination	None
APR	*See website for current rates
Prepayment	None
Late Payment	None

The Breakdown

LightStream gives creditworthy borrowers an exceptional loan experience, and they’re willing to compensate if it doesn’t meet your expectations. With good to excellent credit, you can take advantage of LightStream’s extremely competitive rates for loans that you can use for just about any purpose. Loan amounts and repayment terms are among the highest and longest compared to other online lenders. Cosigners are welcome, and there are no origination, prepayment or late fees. LightStream will even plant a tree when you get a loan!

However, LightStream’s low rates are only available to borrowers with good to excellent credit, good jobs and substantial savings. Also, there’s no face-to-face service, as LightStream is online only.

Learn More at LightStream

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® ($200 bonus)
- Chase Savings℠ ($150 bonus)
- Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses)
- Chase Premier Plus Checking℠ ($300 bonus)
- Chase Total Business Checking® ($200 bonus)
- Chase College Checking℠ ($100 bonus)

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Peerform Review: Personal Loans With Debt Consolidation Perks

By: Diana Mason | Last Updated: August 1, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Peerform’s online lending platform allows borrowers with less than perfect credit hassle-free loans at great rates.

Like other online lending matchmakers, Peerform assigns borrowers grades. The interest rate you receive is based on your grade, as well as whether or not an investor decides to fund your loan.

Peerform is especially great for debt consolidation with slightly lower rates and higher loan amounts for this specific loan purpose.

About Peerform

Borrower Averages

Credit Score	665
Annual Income	$85,000
Debt-to-Income Ratio	19.3%

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Peerform’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Flexible fund use. A personal loan through Peerform can be used for debt consolidation, wedding expenses, home improvement, medical expenses, car financing and more!
Competitive low fixed rate. With excellent credit, your APR could be as low as 5.99%, and that won’t budge for the entire duration of your loan term.
Debt consolidation perks. The loan maximum is $25,000 with a max APR of 29.99%.
No prepayment penalty. So you can pay that loan of yours back as quick as possible!
Rebuild your credit. Peerform reports your payments to TransUnion, so you can rebuild your credit by making on-time payments.

The Bad

Not available in all states. You can’t apply for a Peerform personal loan if you live in Connecticut, Idaho, Iowa, Maine, North Dakota, Vermont, West Virginia, Wyoming or Washington D.C.
Funding time. The process may take up to two weeks before your funds are available.
Only 2 fixed term lengths. You’re limited between either a 3 year term or a 5 year term.
Late payment fee. If your monthly payment is more than 15 days late, you will have to pay a fee of 5% of the monthly installment, or $15, whichever is greater.
Unsuccessful payment fee. If your payment is rejected, you will incur a fee of $15 per unsuccessful transaction.
Check processing fee. If you choose to write checks instead of paying via direct debits through your bank account, you will be charged a $15 fee per payment.

Eligibility Requirements

Applicants must have a minimum credit score of 600, a gross annual income of at least $10,000, at least one year of credit history, and a maximum debt-to-income ratio of 40% (excluding mortgage).

Peerform Terms & Fees

Loan Amounts	$4,000 – $25,000
Loan Terms	3 or 5 years
Repayment Options	Monthly
Origination Fee	1% to 5%
APR	5.99% – 29.99%
Prepayment Fee	None
Late Payment Fee	5% or $15
NSF Payment Fee	$15
Check Processing Fee	$15

The Breakdown

Peerform is a quick and fairly painless process, even if you don’t have perfect credit. There’s no collateral required, and you can use your funds for just about anything. Their rates are competitive and there’s no prepayment penalty, and you’ll have a chance to raise that credit score of yours with on-time payments.

Sample Loan

Loan Size	$10,000
Loan Term	36 months
Origination Fee (3%)	$300
Funds Received	$9.700
APR	18.0%
Total Interest	$3,014.86
Monthly Payment	$361.52

However, those with low Peerform grades can face higher APRs up to $29.99% and origination fees up to 5%. It can take up to two weeks for your loan to be funded, if approved. There are only two fixed term lengths to choose from. Plus, there are fees for late payment, insufficient funds and check processing. Lastly, you can’t apply for a Peerform personal loan if you live in Connecticut, Idaho, Iowa, Maine, North Dakota, Vermont, West Virginia, Wyoming or Washington D.C.

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

MoneysMyLife Top Offer Picks

- Chase Total Checking® ($200 bonus)
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- Chase Premier Plus Checking℠ ($300 bonus)
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- Chase College Checking℠ ($100 bonus)

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Yalber Review 2018: Royalty Based Investments For Your Business

By: Diana Mason | Last Updated: July 31, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Yalber is an easy and fast funding option for businesses looking for working capital. There’s no personal guarantee or collateral required for receiving contributions up to $500,000. Since 2007, Yalber has invested over $280 million in over 12,000 businesses. Did I pique your interest? Read on for all you need to know about Yalber.

Known in the finance world as royalty-based investment, Yalber collects a percentage of your business’s future receivables in exchange for upfront financing. However, unlike other royalty investments, Yalber does not continue to receive royalties for the life of your business. Instead, payment stops as soon as the payback amount is returned in full. The agreed royalty percentage is also fixed until the agreement is fulfilled.

Learn More at Yalber

Yalber Terms & Fees

Approval Speed	24 hours
Approval Criteria	Overall business health
Minimum Time in Business	2 months
Minimum Gross Revenue	$7,000 per month
Funding Amount	$5,000 – $500,000
Fund Use	Any business purpose
Personal Guarantee or Collateral	Not required

The Application Process

Get started. Submit an application and all documents that demonstrate your business’s performance in the past 3 months.
Quick 24 hour approval. You’ll find out in less than a day if you’re approved. From there, you’ll choose from personalized options catered to your business profile.
Funds transferred. You’ll receive your funds in your business checking account within the next business day.

The Good

No personal guarantee or collateral. You won’t have to pledge yourself or your assets to repay the investment in case shit hits the fan.
Quick funding. The average time a business gets its investment approved and funded is 72 hours, but it can take as little as 48 hours.
Bad credit OK. Yalber does not take into consideration your personal credit in its approval process. Rather, the decision is based on the merits of your business.
Customer service. You’ll have your own Yalber Account Manager who is assigned to you based on location and industry. They’re available to you 24/7 via email, phone or online through the Yalber Customer Portal – even on holidays!

The Bad

Tough qualifications. Yalber requires at least a gross of $7,000 per month and in business for a minimum of two months.
Lack of online information. There’s not a lot of information about Yalber online, and practically nonexistent third-party reviews. Yalber advertises that there is no interest rates, however a risk analysis team will determine your “deal amount” once you apply. You won’t find information on how much the “deal amount” differs from the amount of capital you’re requesting.

The Breakdown

If you’re looking for a quick and easy way to get working capital, Yalber Investment is a great option. You can request up to $500,000 without a personal guarantee or putting down any collateral. Yalber only looks at how your business is performing, so don’t worry if your personal credit is shoddy. Once you’re in, Yalber provides top-notch, around-the-clock customer service.

However, your business will have to gross $7,000 per month before you can apply. Also, you won’t be able to find a ballpark figure on how much you will owe in royalties and other fine details pertaining to Yalber Investments.

Learn More at Yalber

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® ($200 bonus)
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- Chase College Checking℠ ($100 bonus)

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PersonalLoans.com Review 2018: Personal Loans For Less Creditworthy Borrowers

By: Diana Mason | Last Updated: August 20, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

PersonalLoans.com is a lender-matching service that specializes in quickly and efficiently connecting less creditworthy borrowers to personal loans by utilizing its comprehensive network of lenders and lending partners. Three types of personal loans are available via PersonalLoans.com: peer-to-peer, personal installment and bank personal loans. You can borrow upwards to $35,000 over a term of 6 years maximum.

Borrower Profile

PersonalLoans.com is designed for people with lower credit scores. However, the average borrower does not have any open accounts with payments more than 60 days late and has not recently declared bankruptcy. Lenders with PersonalLoans.com want to see that you’ve overcome your past issues with credit and are now making your payments in a timely manner.

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to PersonalLoan.com and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but subsequent credit inquiries by lenders, lending partners and affiliates will likely impact your credit.
Quick funding. It can take as little as one business day and depends on the lender you partner with.
Flexible fund use. A personal loan through PersonalLoans.com can be used for medical expenses, home improvement, automobile repair, travel, debt consolidation, and more!
Competitive fixed rate. Depending on which state you live in and your lender, you can receive a respectable, competitive rate.

The Bad

Matching service only. PersonalLoans.com is only a connection service. If you have any issues after you complete your loan application, you will need to reach out to your lender directly.
Fees. Origination fees depend on the lender and can range from 1% to 5%, and late, insufficient funds and check processing fees are dependent on the lender as well.

Eligibility Requirements

Eligibility varies depending on which type of personal loan you choose.

Peer-to-peer loan. Applicants must have a minimum credit score of 600 and must have a minimum monthly income of $2,000. There is no debt-to-income ratio requirement.
Personal installment loan. Applicants must have a minimum credit score of 580 and must have a minimum monthly income of $2,000. There is no debt-to-income ratio requirement.
Bank personal loan. Applicants must have a minimum credit score of 580 and must have a minimum monthly income of $3,000. There is no debt-to-income ratio requirement.

Learn More at PersonalLoans.com

PersonalLoans.com Terms & Fees

Loan Amounts	$1,000 – $35,000
Loan Terms	3 months to 6 years
Repayment Options	Bi-weekly or monthly
Origination Fee	Depends on lender
APR	Depends on lender
Prepayment Fee	None
Late Payment	Depends on lender
NSF Fee	Depends on lender
Check Processing	Depends on lender

The Breakdown

PersonalLoans.com is great for those who have less than stellar credit and are deliberately working on raising their credit. Borrowing though PersonalLoans.com is a quick and easy process with no collateral required. Creditworthy applicants can obtain a competitive low APR, and your funds can be used for just about anything.

Sample Loan

Loan Size	$15,000
Loan Term	36 months
Origination Fee (3%)	$450
Funds Received	$14,550
APR	18.0%
Total Interest	$4,522.29
Monthly Payment	$542.29

As PersonalLoans.com is just a matching service, don’t expect much in terms of customer care.

Learn More at PersonalLoans.com

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MoneysMyLife Top Offer Picks With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review. Chase Total Checking® ($200 bonus) Chase Savings℠ ($150 bonus) Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses) Chase Premier Plus Checking℠ ($300 bonus) Chase Total Business Checking® ($200 bonus) Chase College Checking℠ ($100 bonus) Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review Learn More Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card. The Barclaycard Arrival^® Plus World Elite Mastercard^® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full Review The Barclays Arrival^® Premier World Elite Mastercard^®will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review Learn More Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review Learn More Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review Learn More More Top Picks Hide

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- Chase Total Checking® + Chase Savings℠ ($350 in combined bonuses)
- Chase Premier Plus Checking℠ ($300 bonus)
- Chase Total Business Checking® ($200 bonus)
- Chase College Checking℠ ($100 bonus)

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Earnest Review 2018: Personal Loans With Standout Customer Experience

By: Diana Mason | Last Updated: July 25, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Earnest offers low-cost personal loans for debt consolidation and important life expenses to financially responsible applicants with promising professional futures. The online lender collects and analyzes thousands of data points, not just credit score and history, to assess risk and offer low rates, even to those with short credit histories.

Launched in 2014, Earnest offers loans with fixed rates as low as 5.49% for loan amounts ranging from $5,000 to $75,000.

Not just a lender, Earnest prides itself in building long-term relationships with their borrowers by ensuring customer satisfaction with their specialized Client Happiness team.

Like what you’re reading so far? Find out the good, the bad, and my breakdown of Earnest personal loans below.

Borrower Averages

Credit Score	Above 720
Credit History	Short
Annual Income	$114,000

Borrowers are evaluated beyond credit scores and include saving habits, education and earning potential. Earnest likes to see that you have enough savings to cover at least 2 months of normal expenses, you spend less than you earn, you have increasing bank account balances, you do not carry large amounts of credit card and personal loan debt, you have a history of making payments on-time and you are not regularly charged late, overdraft or NSF (Non-Sufficient Funds) fees.

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Earnest’s website and apply online.
No origination fee. There’s no “middleman” fee, so you’ll receive the full amount of your loan.
Flexible fund use. A personal loan through Earnest can be used for refinancing high-interest credit card debt, buying an engagement ring, renovations, weddings, and more.
Competitive fixed rate. With excellent credit, your APR could be as low as 5.49%, and that won’t budge for the entire duration of your loan term.
Low fees. There are no prepayment, late or check processing fees. There is an NSF fee of $8, but that’s lower than the industry standard of $15.
Client Happiness team. Personal customer care that will handle any service questions or issues for the life of your loan.
Earnest app. Manage your loan and make payments directly from your smartphone. You have full access to your dashboard and can even adjust your payments or make additional payments.

The Bad

High standards. Earnest likes creditworthy borrowers, so you must have a decent credit score, high income and projected credit potential in order to get your loan approved.
Not available in all states. You can’t apply for an Earnest personal loan if you live in Alabama, Delaware, Kentucky, Nevada or Rhode Island.
Hard credit check. This can affect your credit score. It pulls information from major credit bureaus and receives timely payment reports.
Funding time. Earnest has unique underwriting standards, which takes time. It will be at least a few business days before you receive your funds.
Online only. Earnest does not have any brick-and-mortar branches to make payments or ask questions in person.

Eligibility Requirements

All applicants must have a minimum credit score of 680 and must not have declared bankruptcy in the last 3 years nor have any open collections accounts. There is no minimum annual income requirement and no debt-to-income ratio requirement.

Earnest Rates, Terms & Fees

Loan Amounts	$5,000 – $75,000
Loan Terms	3 to 5 years
Repayment Options	Monthly
Origination Fee	None
Time To Funding	Within a week
Repayments	Monthly payments over 3 to 5 year terms
APR	5.49% – 18.24%
Prepayment	None
Late Payment	None
NSF Payment	$8
Check Processing	None

The Breakdown

Applying to Earnest for a personal loan is quick and easy, with no collateral required. There are no origination, prepayment, check processing or late fees, and the insufficient funds fee is almost half of what their competition charges. If you’re creditworthy, Earnest rates can be as low as 5.49%. After you receive your loan, things should be smooth sailing with the high-tech Earnest app and the help of their Client Happiness team.

Sample Loan

Loan Size	$30,000
Loan Term	48 months
APR	10.0%
Total Interest	$6,522.12
Monthly Payments	$760.88

To qualify for Earnest’s low end of rates, you must have a decent credit score, high income and projected credit worth. Otherwise, you could pay as high as 18.24% APR. The application requires a hard credit check, which will knock off points on your credit score. Funding takes about a few business days. Unfortunately, personal loans at Earnest are not available in Alabama, Delaware, Kentucky, Nevada or Rhode Island, and there are no brick and mortar branches.


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LendingTree Review 2018: Sit Back and Let Lenders Come to You

LendingTree is an online loan broker that allows you to receive multiple loan offers with one simple application. Instead of doing all the grunt work, you can sit back and make the banks compete for you.

LendingTree In a Nutshell

No collateral required
Flexible fund use
Co-signers OK
Soft credit check
Multiple loan offers
Quick funding
LendingTree app
Loan monitoring

The Good

LendingTree has affiliation with many lenders, some of which are big names. There is no guarantee you’ll find a loan offer that matches with what you’re looking for, but the wide range of options means there’s a good chance you’ll come close. There are no LendingTree application fees, but you may be responsible for origination fees and closing costs from the lender you choose.

LendingTree offers unsecured loans, so you don’t have to worry about putting down your car, house, or savings as collateral. Loan amounts range from $1,000 to $35,000 and funds can be used for debt consolidation, college tuition, home renovation projects, vehicles, business expenses, and even as a down payment on a property.

With LendingTree, you can keep track of your credit score, for free. The website is also a great resource for borrowers, including articles and tips to help you figure out which loan is the right choice for you.

If you sign-up with LendingTree, I highly recommend downloading its app, available for both iOS and Android smartphones. With it, you can check your credit score, review your current loans, and even apply for a new loan. It’s a great way for you to keep track and stay up-to-date with your personal finance.

LendingTree does not stop working once you pick a loan. It continues to look for better deals for your loan needs. If a less expensive loan becomes available for your credit profile, LendingTree will send you an alert so you can check out the details. From there, you can decide if it’s worth it to refinance your personal loan.

The Bad

Being courted by multiple lenders is both a blessing and a curse. On the one hand, you can shop around and negotiate multiple loans with just one application. On the flipside, many users complain about the inundation of phone calls and emails vying for their business almost immediately after submitting the form. If you don’t want to be encumbered by lenders, then you might want to look for loans elsewhere. If you like the idea of lenders competing for you, and you don’t mind the constant contact, then you’ll probably enjoy the LendingTree process.

Learn More at LendingTree

LendingTree Terms & Fees

Because LendingTree is not a direct lender, there are no set interest rate and fees. After applying, LendingTree will provide you with rates, fees and additional cost averages from its lenders.

Loan Amounts	$1,000 – $35,000
Loan Terms	1 to 5 years
Repayment Options	Monthly
Origination Fee	Depends on lender
APR	Depends on lender
Prepayment Fee	Depends on lender
Late Payment Fee	Depends on lender
NSF Payment Fee	Depends on lender
Check Processing Fee	Depends on lender

Eligibility Requirements

LendingTree does not have any eligibility requirements. However, lenders might have minimum income, credit score and debt-to-income ratio requirements. Most borrowers using LendingTree have a credit score of at least 660.

The Breakdown

LendingTree is a choice for those who like the idea of lenders competing for you and bargaining for the best deal. It’s great if you don’t have the time, knowledge, or desire to apply to multiple lenders and do the comparison yourself. Because it’s free and requires a soft credit check, you aren’t losing anything by applying with LendingTree. However, if you don’t want the hassle of lenders vying for your business, LendingTree might not be a great choice for you.

Learn More at LendingTree

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Prosper Personal Loans Review 2018: Low Rate Loans Up To $40,000

By: Diana Mason | Last Updated: July 20, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Prosper Funding LLC is a peer-to-peer online lender offering investor-funded loans with a quick online application for a wide range of uses.

Borrowers with good to excellent credit who need up to $40,000 in funds, and have the ability to pay the money back over three or five years, are welcome to apply.

In order for your loan to be approved, investors need to chip in at least 70% of the amount you’re requesting. If the loan is not funded at the 70% mark within 14 days, your listing will be cancelled, but you can always reapply.

Prosper gives borrowers access to collateral-free, personal loans at low, fixed rates. We were the first online lending marketplace to launch in the United States in 2006 and have helped facilitate over $13 billion dollars in personal loans to date. Through Prosper, people with good credit can borrow up to $40,000 to help consolidate credit card debt and cover important life expenses, like remodeling their home or paying for medical expenses. With an easy online application, no hidden fees or prepayment penalties, Prosper is a smart way to get the money you need and improve your financial well-being.Prosper.com

Learn More at Prosper

Borrower Averages

Credit Score	710
Credit History	11 years
Annual Income	$89,000

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to Prosper’s website and apply online.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
Quick funding. It takes about 1 to 3 business days after approval.
Flexible fund use. A personal loan through Prosper can be used for debt consolidation, small business needs, home improvement, special occasions, medical bills and much more.
No rate hike or payment increases. With excellent credit, your APR could be as low as 6.95%, and that won’t budge for the entire duration of your loan term.
No prepayment penalty. Choose to make additional payments whenever you can afford it. There are no extra fees for paying off your loan ahead of time.
Compatible with Clarity Money. In partnership with Prosper, this app analyzes your financial situation and works to improve it with the use of artificial intelligence, machine learning and data science.
Rebuild your credit. Prosper reports your payments to major credit reporting bureaus, so you can rebuild your credit by making on-time payments.

The Bad

Not available in all states. You can’t apply for a Prosper personal loan if you live in Iowa or West Virginia. *The minimum loan for state of Massachusetts residents is $6000.
Only 2 fixed term lengths. You’re limited between either a 3 year term or a 5 year term.
The fees. Before receiving your funds, an origination fee of 2.4% to 5% will be deducted. Both the late fee and the check processing fee is $15 or 5% of the amount due. If your payment is returned due to insufficient funds, it’ll cost you $15.

Eligibility Requirements

All applicants must have a minimum credit score of 640. There is no minimum annual income requirement, but you must have a minimum credit history of two years and a maximum debt-to-income ratio of 50%.

Prosper Terms & Fees

Loan Amounts	$2,000 – $40,000
Loan Terms	3 or 5 years
Repayment Options	Monthly
Origination	2.4% – 5%*
APR	6.95% – 35.99%*
Prepayment Penalty	None
Check Processing	5% or $15
Late Payment	5% or $15
NSF/Returned Payment	$15
Check Rates at Prosper Disclosure: *For example, a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR. You would receive $9,759 and make 36 scheduled monthly payments of $301.10. A five-year $10,000 loan with a Prosper Rating of A would have an interest rate of 8.39% and a 5.00% origination fee with a 10.59% APR. You would receive $9,500 and make 60 scheduled monthly payments of $204.64. Origination fees vary between 2.41%-5%. APRs through Prosper range from 6.95% (AA) to 35.99% (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility for loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, member FDIC.

The Breakdown

With Prosper, you can get an unsecured personal loan for up to $40,000 with rates as low as 6.95% APR for qualified borrowers. The quick and easy application process requires a soft credit check, which won’t hurt your credit score. You can use your funds for just about anything. Your rates are fixed for the entire length of the term, and there’s no penalty for early payment of your loan. Budgeting is simplified with Clarity Money, and your credit score will improve with on-time payments.

Sample Loan

Loan Size	$20,000
Origination Fee (3%)	$600
Funds Received	$19,400
Loan Term	48 months
APR	18.0%
Total Interest	$8,176
Monthly Payment	$587

Unfortunately, you can only choose between two term lengths, 3 or 5 years. If you live in Iowa or West Virginia, you can’t apply for a Prosper personal loan. If you do choose to apply, please keep in mind there is a 2.4% to 5% origination fee. If you get approved, be well aware of Prosper’s fee schedule.

Learn More at Prosper

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SoFi Review: Personal Loans $5,000 To $100,000 With Unemployment Protection

Founded in 2011, Social Finance Inc. (SoFi) is a niche loan company that specializes in student loan refinancing for recent graduates. Since then, the online lender has expanded their financial services to include mortgages and personal loans. SoFi has lended $30 billion in funds to 500,000 borrowers and counting.

Their personal loan targets recent college graduates with handsome incomes looking to consolidate debt. Loan amounts max out at $100,000 and can be paid over a term period of 3 to 7 years.

Read on to see if SoFi’s personal loan is a good fit for your financial needs.

Learn More at SoFi

Borrower Averages

Credit Score	720
Credit History	Short
Annual Income	$114,000

The typical SoFi borrower has a high credit score and income, but a relatively short credit history. That’s because this lender is more interested in responsible bill payment, free cash flow, career and education, rather than a long credit history.

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application process. Just head over to SoFi’s website and apply online.
Joint applications. As of April 2018, SoFi welcomes cosigners to help increase your chances of getting approved for a competitive rate.
Soft credit check. The initial credit check won’t affect your credit score, but if your loan is approved, a hard inquiry will show up on your report.
No origination fee. There’s no “middleman” fee, and you will receive the full amount of your loan.
Competitive fixed rate. With excellent credit, your APR could be as low as 6.20%, and that won’t budge for the entire duration of your loan term. You can even get a 0.125% rate discount on an additional SoFi joan – just for being a member.
No fees. There are no prepayment or late fees.
Live customer support. Available 7 days a week via phone or social media.
Better credit. Borrowers raised their credit scores by 31 points on average when paying off credit card debt with a SoFi personal loan.
Unemployment protection. If you lose your job, you can temporarily pause your payments, and SoFi will even help you find a new job.
Community events. Access to SoFi member events like happy hours or panel sessions, where borrowers can meet, mingle and network.

The Bad

High standards. SoFi likes creditworthy borrowers, so you must have a good credit score and high income in order to get your loan approved.
Funding time. It takes, on average, 7 days before the funds reach your bank account.
Not available in all states. You can’t apply for a SoFi personal loan if you live in Mississippi.
Online only. SoFi does not have any brick-and-mortar branches to make payments or ask questions in person. However, doing business online allows SoFi to keep their expenses down and pass these savings onto their borrowers.

Eligibility Requirements

All applicants must have a minimum credit score of 660. There is no minimum annual income requirement and no debt-to-income ratio requirement.

SoFi Terms & Fees

Loan Amounts	$5,000 – $100,000
Loan Terms	3 to 7 years
Repayment Options	Monthly
Origination Fee	None
APR	6.20% – 15.37% with AutoPay
Prepayment	None
Late Payment	None
NSF/Returned Payment	None
Unemployment Protection	Yes
Check Rates at SoFi

The Breakdown

SoFi members can feel like they’re part of an elite club, thanks to their high credit standards and members-only events. It’s quick to apply, with or without a cosigner, and it won’t hurt your credit score. SoFi’s rates are competitive with no origination, prepayment, late or NSF (Non-Sufficient Funds) fees. You’ll see improved credit scores with on-time payments, and you’ll have access to live 24/7 customer support, community events and even unemployment protection.

Sample Loan

Loan Size	$30,000
Loan Term	48 months
APR	10.0%
Total Interest	$6,522.12
Monthly Payment	$760.88

However, you can’t apply if your credit score is lower than 660 or if you live in Mississippi. Funding time takes longer than other online lenders, and there are no brick and mortar branches.

Learn More at SoFi

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Getting A Wells Fargo Personal Loan Up To $100,000

By: Diana Mason | Last Updated: July 1, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

Personal loans through Wells Fargo is a great choice for borrowers with good to excellent credit who need funds from $3,000 to $100,000, and have the ability to pay the money back on a monthly payment schedule over one to five years.

*If you’re looking to become a Wells Fargo customer, they have banking bonuses you may want to check out.

The Good

No collateral required. Don’t own a house? It’s not going to be an issue here.
Simple application and funding process. If you’re already a Wells Fargo customer, you’re welcome to apply online. Otherwise, you’ll have to get yourself to a bank branch and apply in person.
Joint applications. Wells Fargo will evaluate your application based on both you and your cosigner’s information.
Fast processing. Get your funds, often by the next business day, if approved.
Competitive fixed rate. With excellent credit, your APR could be as low as 7.24%, and that won’t budge for the entire duration of your loan term.
No origination fee or prepayment penalty. So you can pay that loan of yours back as quick as possible!
Online payments. Make one-time payments through your Wells Fargo account online.
Automatic payments. Avoid late and returned payment fees by scheduling automatic deductions from your Wells Fargo account. You’ll also qualify for an APR discount if you enroll in AutoPay.
Small rate discounts. For Wells Fargo customers with a checking account (0.25% APR discount) or certificate of deposit account (0.50% APR discount).

The Bad

Good to excellent credit preferred. If you’ve got a dismal credit score, you may not qualify for a personal loan through Wells Fargo. More than 50% of Wells Fargo’s unsecured personal loan borrowers have credit scores between 660 and 749.
Hard credit check. This can affect your credit score. It pulls information from major credit bureaus and receives timely payment reports.
Late payment fee. Avoid this $39 fee by scheduling one-time payments online or enrolling in automatic payments.
Returned payment fee. Make sure you have enough to cover your monthly payment, or else you’ll be hit with a $39 NSF (Non-Sufficient Funds) fee.

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Eligibility Requirements

Wells Fargo does not provide minimum requirements for credit score, annual income, debt-to-income ratio or other underwriting factors. Instead, approval is based on your “whole picture” and takes into consideration length of credit history, debts, and relationship with Wells Fargo.

Wells Fargo Terms & Fees

Loan Amounts	$3,000 – $100,000
Loan Terms	1 to 5 years
Repayment Options	Monthly
Origination	None
APR	7.24%-24.24%
Prepayment	None
Check Processing	None
Late Payment	$39
NSF/Returned Payment	$39

The Breakdown

Wells Fargo is one of the rare big banks to offer unsecured personal loans. The application process can be done online, if you’re an existing Wells Fargo customer. Cosigners are welcome, and you can receive your funds within the next business day. Your rate is fixed, and there’s no origination fee nor prepayment penalty fee. Payments can easily be made online. Automatic monthly payments are also available. Wells Fargo customers with a checking or certificate of deposit account benefit with discounted APR rates.

Sample Loan

Loan Size	$20,000
Loan Term	48 months
APR	18.0%
Total Interest	$8,176
Monthly Payment	$587

Please keep in mind, however, that most approved borrowers have good to excellent credit. Applying requires a hard credit check, which may put a dip in your credit score. And, as always, watch out for those late and returned payment fees.

Learn More at Wells Fargo

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