All articles tagged with #personal loan
SoFi Technologies has reached an agreement to place a $375 million personal loan securitization with funds managed by BlackRock investment advisors. This move will provide SoFi with access to additional capital, allowing them to expand their lending capabilities and better serve their members. The transaction is expected to settle by mid-November and is backed by a pool of SoFi personal loan collateral.
Billionaire investor Carl Icahn has restructured his personal loan after being targeted by a short seller attack. The move comes as Icahn faces scrutiny over potential conflicts of interest related to his role as an adviser to President Trump. The restructuring of the loan is seen as a way for Icahn to address concerns and maintain his financial stability.
Credit card interest rates are expected to increase with another interest rate hike from the Federal Reserve. The current national average rate on credit cards is already over 20%, the highest it has been in decades. Consumers should be aware of the interest they are paying and consider options such as 0% balance transfer cards, personal loans, or debt-management plans to pay less interest. Paying more than the minimum payment each month can also save time and interest charges.