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

102 articles written by this author

Best business loans for fair credit

Lenders won't reject you outright just because you don't have the best score.

Kellye Guinan 29 December 2020
Best business loans for fair credit

How to finance a cleaning service

Explore ways to start or expand your business with additional funding.

Kellye Guinan 23 September 2020
How to finance a cleaning service

What to do if you’ve bought a lemon car

Just bought a car only to find it needs repairs? There are consumer protection measures in place to help. Read through our guide to learn what your options are.

Chelsey Hurst & Kellye Guinan 25 August 2020
What to do if you’ve bought a lemon car

Best small cars of 2020

Compare 7 of the best small car models based on their MSRP, fuel efficiency, spaciousness and more.

Kellye Guinan 20 August 2020
Best small cars of 2020

Can you have two car loans at the same time?

Lenders allow it — but it can be difficult to qualify for low rates.

Kellye Guinan 18 August 2020
Can you have two car loans at the same time?

How to save by adding kids to parents’ car insurance

Find out how long children can stay on their parents' car insurance policy and how to save on shared car insurance.

Kellye Guinan 12 August 2020
How to save by adding kids to parents’ car insurance

How should you consolidate debt after Christmas?

Learn how to tackle that Christmas debt by compare your personal loan and balance transfer credit card options.

Kellye Guinan 5 August 2020
How should you consolidate debt after Christmas?

Shopify Capital merchant cash advance review

Merchants may be able to take advantage of a merchant cash advance in return for selling a set amount of future sales revenue.

Kellye Guinan 5 August 2020
Shopify Capital merchant cash advance review

Debt avalanche method

Tackle your debt and save on interest by paying off your highest-interest debts first.

Kellye Guinan 3 August 2020
Debt avalanche method

Car safety ratings guide

What that 5-star rating really means.

Kellye Guinan 31 July 2020
Car safety ratings guide
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