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Infographic breaking down statistics of personal loans.
Pie chart showing personal loans account for 2% of U.S. consumer debt balances.
Average personal loan balance in Colorado (2019) is $21,187
Approximately one out of ten American have personal loans.
 Expanded Lesson 8 min read

Four Uses for a Personal Loan (Including a Few You Might Not Have Considered).

If someone asked you about different types of credit and lending tools, what would you think of first? Credit cards, student loans, mortgages and auto loans would probably come to mind. But what about personal loans? Personal loans are general-purpose credit products that can be used for a multitude of purposes. Whether you’re covering an unexpected expense, big-ticket purchase or home improvement project, personal loans can provide some much-needed financing to help you achieve your goal.

credit score concept, poor or excellent, loan in bank
 Quick Lesson 5 min read

Seven Things That Can Damage Your Credit Score

Credit plays an important role in our financial lives and keeping a good score is essential. Avoid these seven things that can significantly damage your credit score.

 Quick Lesson 5 min read

Learn How to Manage Your Debt

Struggling with debt? Having a hard time paying bills or keeping to your budget? Worried about bankruptcy? Explore ways to get back on track.

 Quick Lesson

Video: Comparing Cards

Watch this video to learn more about the differences between credit, debit and prepaid cards.

 Quick Lesson

Video: Loan Basics

Watch this video to learn more about how a loan works. Learn the important characteristics of a loan like the principal, interest rate and term length.

 Quick Lesson

Video: Student Loans 101

Watch this video to learn more about the different types of student loans and what your options are when applying for student loans.

 Quick Lesson

Video: A Student's Path to Establishing Good Credit

Watch this video to learn how students can use different loan products to safely establish good credit.

 Quick Lesson

Video: How to Boost Your Credit Score

Watch this video to learn some tips and tricks to help boost your credit score.

 Quick Lesson

Video: Demystifying Mortgages

Watch this video to learn more about how a mortgage works to feel confident next time you're financing a home purchase.