Home Authors Rhys Subitch
Rhys Subitch

Rhys Subitch

Editor

Rhys Subitch is the loans editor at Finder, guiding Americans toward smart borrowing decisions. With over half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info in the lending sphere. They make frequent appearances on Finder's YouTube channel to talk through loan topics that range from the very basics to the latest government assistance programs. Before specializing in lending, Rhys was a personal finance writer for Finder’s credit cards, insurance, banking and mortgage verticals. They hold a BA in sociology and a certificate in editing from the University of Washington, Seattle.

Expertise

  • Personal, business, student and car loans
  • Credit scores and alternative data
  • Debt consolidation and management

Highlights

  • Authored over 400 articles on personal and business finance
  • Scripted over a dozen videos on Finder's YouTube channel and hosted several, totaling over 15,000 views
  • Experienced in breaking down complex topics, such as government loan programs and new legislation, into easy-to-understand terms

Education

  • Certificate in editing | University of Washington, Seattle | 2016
  • Bachelor of Arts in sociology | University of Washington, Seattle | 2010–2014

Industry insights from Rhys Subitch

We recently sat down with Rhys to talk about trends in the lending industry.

My business just reopened, but we don’t have the capital to rehire workers — which we desperately need. Is it ever a good idea to take out a business loan for payroll?

It can be a good idea to take out financing to support payroll, but it depends on your business's unique financial situation. Working capital loans and lines of credit are both options to get cash that you can then use to rehire folks, but you need to be mindful of how much you can afford. Monthly payments should be well within your monthly budget — and as business picks back up, you may want to make extra payments to avoid the loan costing more than it needs to.

I’m trying to pay off high-interest credit card debt. Should I take out a debt consolidation loan or a balance transfer credit card?

The amount of credit card debt you have and how much money you have to put toward payments play a large role in which product is best for you. Balance transfer credit cards have time limits to the offers many of them come with — typically around 12 months. If you can't pay off your debt in that time, balance transfer fees and the interest rate may make it more costly than simply taking out a debt consolidation loan. But debt consolidation loans can have more stringent credit history requirements than credit cards, so you may want to try and prequalify for a loan before you fully apply if that's a concern.

With personal loans rates starting at under 3% in this post-COVID economy, what expenses make sense to cover with a personal loan?

Consolidating high-interest debt is one of the best ways you can take advantage of low rates — just make sure you don't refill any freed-up credit cards. Essential purchases, like replacing a key appliance or a failing bed frame are also sensible reasons to take out a personal loan. But steer clear of big-ticket items and excessive luxuries that only temporarily improve your quality of life. Being left with years of monthly payments that cut into your budget can drain the worth of fleeting fun pretty quickly.

Featured videos

Latest articles by Rhys Subitch

26 articles written by this author

How to send money to someone without a bank account

Transfer agents, mobile wallets and online credit card payments don't necessarily require a bank account.

Rhys Subitch 15 September 2020
How to send money to someone without a bank account

Life insurance for quadriplegics

Learn about your life insurance options for quadriplegics, and how to get the best possible rate.

Rhys Subitch 13 June 2020
Life insurance for quadriplegics

Life insurance for dementia and Alzheimer’s disease

Your ability to get coverage depends on your current health and family history.

Rhys Subitch 16 May 2020
Life insurance for dementia and Alzheimer’s disease

Life insurance and extreme sports

Playing an extreme sport may complicate your ability to get low cost life insurance, but that doesn't mean a policy that suits your needs is out of reach.

Rhys Subitch 15 May 2020
Life insurance and extreme sports

How to get life insurance if I smoke pot

Will using cannabis prevent you from getting life insurance? Read this to learn how cannabis use can impact your policy.

Rhys Subitch 12 March 2020
How to get life insurance if I smoke pot

Business loans for wholesale and distribution companies

Find out what it takes to get a business loan as a wholesale distributor.

Rhys Subitch 24 December 2019
Business loans for wholesale and distribution companies

Where’s the best place to buy a car?

From online car-buying services to auctions — you've got options.

Rhys Subitch 12 December 2019
Where’s the best place to buy a car?

Forex Trading Finder™: Compare forex trading tools

Forex trading allows you to predict and try to profit from changes in the market value of global currencies.

Rhys Subitch 28 November 2019
Forex Trading Finder™: Compare forex trading tools

Compare loans for fair credit

Need a loan but have a credit score less than 650? Find out how a fair-credit loan may be the solution you're looking for.

Rhys Subitch 30 September 2019
Compare loans for fair credit

Business loans for law firms

Compare multiple financing options for law practices: CSBFP loans, term business loans, invoice financing, personal loans and more.

Rhys Subitch 12 September 2019
Business loans for law firms
Go to site