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Nitro Knowledge. Your Guide to Paying for College.


If you’re struggling with credit card debt, digging yourself out can feel overwhelming. According to the Federal Reserve, the average credit card interest rate is 17.14%. At such a high rate, your credit card balance can grow, causing you to repay far more than you charged in the first place. 

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When you consolidate your credit card debt, you replace multiple credit card accounts with a single loan or line of credit.

Many people with significant credit card debt never consolidate — and one of the top reasons is worry about what will happen to their credit score. But consolidating can actually have a positive effect on your score, as long as you make payments on time. 

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There are many reasons you might need a quick infusion of cash. Maybe to pay for a wedding, a vacation, or a home improvement project, or deal with a medical or financial emergency. If you don’t have the money you need in your savings account, you’re not alone. A recent CNBC poll found that a whopping one in three Americans has $0 saved.

Your best options for fast money are credit cards or personal loans, but personal loans are likely to cost you a lot less over the long haul. They also look better on your credit report. Here's what you need to know.

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There are situations in your life where you may need to come up with more cash than you have in reserve — and fast. Or maybe you want to splurge on something you desperately want, but don’t have the savings for just yet.

A personal loan is one way to get a quick cash infusion that can help you meet those goals. 

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If you’re short on cash and need money fast to help you make it until your next paycheck arrives, you may be considering taking out a payday loan. However, payday loans are a dangerous form of credit, and you could end up owing far more than you originally borrowed. 

Here’s what you need to know about the drawbacks of payday loans, and what alternatives you can use when you’re in a bind. 

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If you’re facing an unexpected car repair, a job opportunity across the country, or a great deal on a dream vacation, you may need to come up with money fast.

While you could use a credit card, a 401(k) loan, or tap into your home’s equity, there may be a better way: apply for a personal loan.

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