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Katie Lowery

Leander

Loans Editor at Bankrate

Articles

  • 1 week ago | bankrate.com | Katie Lowery

    Americans who are underwater on their car loans owe record amounts, and lenders are repossessing vehicles at a rate not seen since 2009. Those are symptoms, not the cause. And the most concerning symptom might be rising auto loan delinquency rates. They’re at a 15-year high among borrowers who are 30, 60 or more days late on their payment, according to the latest data from TransUnion and an April MorningStar analysis.

  • 2 weeks ago | bankrate.com | Bernadette Joy |Katie Lowery

    I’ll never forget the weight of my $72,000 graduate student loan bill. It didn’t just affect my bank account — it shaped my daily spending choices, delayed my dreams and literally kept me up at night with anxiety, wondering if I’d ever truly feel free. At my lowest point, I was sobbing with shame and regret. Then, I made a decision that changed everything: I was going to pay off my student loans in two years. What happened next surprised even me.

  • 2 weeks ago | bankrate.com | Heidi Rivera |Katie Lowery

    Eloan is an online division of Banco Popular de Puerto Rico. It formerly offered personal loans, but in 2022, it transitioned to an educational platform that aims to teach borrowers the ins and outs of the lending process. Although Eloan no longer offers personal loans, the following lenders provide loans that are similar to Eloan’s previous product.

  • 3 weeks ago | bankrate.com | Denny Ceizyk |Katie Lowery

    Credit card debt is at an all-time high: $1.2 trillion, according to the New York Federal Reserve. And according to Bankrate’s 2025 Dealing with Debt survey, 64 percent of borrowers who carry a credit card balance month to month have delayed or avoided other financial decisions as a result of their credit card debt. Despite the alarm bells, Americans continue to rely on the plastic in their wallets to cover emergencies and even chase travel rewards.

  • 1 month ago | bankrate.com | Katie Lowery

    More than 4 in 10 Americans belong to a credit union, but this type of financial institution is often an afterthought for many personal loan applicants. But failing to consider credit unions as part of your shopping-around process could mean paying more. That’s because federal credit unions (more on the distinction later) cap unsecured personal loan interest rates at 18 percent. That may seem high, but not when compared to the 35.99 percent rate ceiling of many popular banks and online lenders.