Home Authors Kellye Guinan
Kellye Guinan

Kellye Guinan

Writer

Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

Expertise

  • Personal, business, student and car loans
  • Credit scores
  • Car financing
  • Debt consolidation

Highlights

  • Author of over 500 articles on personal and business finance
  • Well-versed in breaking down government loan programs and requirements into easy-to-understand guides
  • Created rating methodologies — giving unbiased star ratings to over 100 lenders
  • Skilled at staying on top of trends in the lending industry to ensure readers get the most relevant, up-to-date content to better make decisions

Education

  • Bachelor of Science in anthropology | Middle Tennessee State University | 2013–2017
  • Bachelor of Arts in foreign language, German | Middle Tennessee State University | 2013–2017

Featured Publications

Industry insights from Kellye Guinan

We asked Kellye to answer our most burning questions about personal and car loans.

When does it make sense to use a personal loan for business expenses?

Mixing personal and business finances isn’t recommended in most cases — but many lenders won’t accept businesses that don’t meet strict revenue and time-in-business requirements. If you’re just starting out, a personal loan can help you grow your business in the first few months. Just make sure you have good credit and can afford the risk since you’ll be putting your personal assets on the line if you default.

How has the coronavirus pandemic changed the car-buying process?

Dealerships like Carvana were certainly a unique experience before 2020, but now the world has adapted to an online model. You can browse local sales and set up test drives from your computer. Best of all, interest rates continue to be competitively low, even for borrowers with bad credit. Of course, car prices have also increased — so your monthly payment may still be a significant chunk of change.

Why does interest rate matter more than monthly payment for car loans?

Your interest rate is the most critical factor when deciding on a car loan because it determines how much you’ll pay. Dealerships may try to manipulate your loan by offering lower monthly payments on a longer loan term. Don’t fall for this trick. Instead, compare loans based on interest rates and opt for a shorter term. You’ll pay less overall — even if your monthly payment is higher. And if the monthly payment is a strain on your budget, consider a less expensive model. Remember: You should try to keep car-related costs to less than 20% of your income.

Latest articles by Kellye Guinan

533 articles written by this author

RefiJet review

RefiJet helps you save on your monthly car payment or interest with a few simple steps.

Kellye Guinan 23 June 2021
RefiJet review

Cannabis financing in Nevada

Limited licenses and pricey licensing fees make it difficult for new businesses to grow.

Kellye Guinan 3 June 2021
Cannabis financing in Nevada

Compare cannabis financing in New Jersey

It's now legal to grow, manufacture and sell in the state — but federal laws limit financing.

Kellye Guinan 2 June 2021
Compare cannabis financing in New Jersey

Lend-Grow connection service review

Get connected with a local lender with options for bad credit.

Kellye Guinan 28 May 2021
Lend-Grow connection service review

Tred used car loans review

In-house financing available — but only for the cars in its inventory.

Kellye Guinan 12 May 2021
Tred used car loans review

BHG personal loans review

Bankers Healthcare Group isn't just for licensed healthcare workers. Compare large loans up to $200,000 with this legit online lender.

Kellye Guinan 12 May 2021
BHG personal loans review

Universal Credit personal loan review

It may be owned by a top lender, but that doesn't mean it's upfront.

Kellye Guinan 15 April 2021
Universal Credit personal loan review

RSVP Loans review

Expect high interest rates with this invitation-only lender.

Kellye Guinan 15 April 2021
RSVP Loans review

CreditFresh line of credit review

Flexible funding for minor expenses — but some important details aren't available online.

Kellye Guinan 15 April 2021
CreditFresh line of credit review

M1 Finance Borrow review

Use your investment portfolio as collateral on an inexpensive line of credit.

Kellye Guinan 12 April 2021
M1 Finance Borrow review
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