After the Federal Reserve's interest rate cut, banks announced reductions in their prime lending rate which affects credit cards, auto loans and more.
Borrowers may see interest rates down on credit cards, variable rate student loans, auto loans, small business loans, and home equity lines of credit.
When the Fed cuts interest rates, it's to encourage spending and growth, and it affects everything from savings accounts to mortgages to loans.
Personal loans have have lower interest rates than credit cards, little impact on your credit score, and a structured repayment plan.
It's not impossible to get a loan with bad credit, but you'll need to consider all the options — like a secured loan, a credit union, or a cosigner.
Overall, about 68% of respondents said they either support or strongly support the plan the Loan Shark Prevention Act.
Since home equity loans let you borrow against the equity in your home, you can qualify for a lower APR than you could with a different type of loan.
The first step to get a loan is checking and improving your credit. You'll get multiple lender quotes, and you'll want to be the best possible buyer.