Category: Personal Finance
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Personal Finance
Personal Finance
Personal Loans Still Fastest-Growing Debt Type in U.S.
Looking for a personal loan this holiday season? You're certainly not alone. According to a recent Experian report, personal loans continue to be the fastest-growing type of debt, totaling $305 billion in the second quarter of this year. That marks a 12% year over year increase and a 47% rise from 2015 when personal loan debt stood at $208.5 billion. Additionally Experian found that 11% of Americans now have an active...
Personal Finance
Robinhood Withdraws Bank Charter Application
Back in April of this year, Robinhood joined the growing list of FinTechs and challenger banks applying to become full-fledged banks and receive a national charter. At the time the company said, "Robinhood’s goal is to be able to offer its customers a full suite of financial products to service their needs." Cut to today and it seems that Robinhood is abandoning — or at least delaying — that path...
Personal Finance
Money at 30: My Personal Finance Tool Turkeys of the Year
Every year for Thanksgiving, the Disney fan site I write for, LaughingPlace.com, compiles a list of our top Disney "Turkeys." This fun list finds us highlighting efforts by the company that were perhaps misguided or just didn't work out as they might have hoped. Of course, having reviewed plenty of personal finance apps, tools, and accounts over the years, I've certainly come across some duds and disappointments in this realm...
Personal Finance
PayPal Acquires Deal-Finding App Honey
Every day millions of users turn to PayPal to send money and make purchases. Now the FinTech is making a rather sizeable buy of its own. Last week the company announced that it would be acquiring Honey. For their purchase of Honey (or Honey Science Corporation as their formally known), PayPal will pay a whopping $4 billion. This amounts to the companies largest acquisition ever according to TechCrunch. Started as...
Personal Finance
WalletHub Shares Black Friday Trends and Best Deals for 2019
It's almost here: after weeks of "pre-Black Friday sale" ads flooding airwaves and e-mail boxes everywhere, the main event is nearly upon us. As has become tradition, this Friday retailers across the nation will woo shoppers with special "doorbusters" and other attractive pricing in a bid to kickstart the holiday shopping season. Of course, when it comes to scoring the most worthwhile deals, not all stores or offers are created...
Personal Finance
Charles Schwab Reportedly Eying Purchase of TD Ameritrade
The discount brokerage industry as we know it is rapidly changing. Not only have FinTechs like Robinhood and others disrupted the market but, more recently, several well-established firms made some major changes of their own. Now another big evolution could be in the works as CNBC reports that Charles Schwab is in talks to purchase TD Ameritrade. If such a merger were to occur, the result would be a brokerage...
Personal Finance
