Jessica Walrack

Jessica Walrack

Writer, Fox Money

Writer

  • 11+ years covering personal and business finance
  • Loan and mortgage expert
  • Bylines at CBS MarketWatch, USA Today, and U.S. News & World Report

Experience

Jessica Walrack is a freelance writer and journalist with more than 11 years of experience in personal and business finance. Her previous roles have included senior copywriter at Bright Scout and freelance finance writer at The Balance, Money, Forbes, The Simple Dollar, and SuperMoney. Walrack is currently contributing her finance expertise to Investopedia, USA Today, U.S. News & World Report, and CBS MarketWatch.

Her byline has also been featured at Newsweek Vault, Buy Side from WSJ, Fidelity Investments, and MSN. In addition, Walrack helps startups, small businesses, and Fortune 500 companies execute their content marketing strategies.

Expertise

  • Loans
  • Insurance
  • Banking
  • Mortgages
  • Credit cards
  • Budgeting
  • Taxes

Jessica’s Latest Articles

How to refinance a personal loan
Personal LoansHow to refinance a personal loan

There are currently 23.5 million Americans with unsecured personal loans, according to TransUnion. Personal loans can be used for most expenses, and come with a monthly payment and repayment terms agreed upon by you and your le...

By Jessica Walrack

June 27, 2024

Appliance financing: 5 types to consider
Personal LoansAppliance financing: 5 types to consider

Appliances can be expensive. The average package price for a microwave, fridge, dishwasher, and range runs from $2,100 to $5,400, according to HomeGuide. Appliance financing can help soften the blow, but will usually cost more ...

By Jessica Walrack

September 23, 2024

6 personal loan types and when to use them
Personal Loans6 personal loan types and when to use them

Personal loans may have flown under the radar for a number of years as a credit card alternative, but no longer. According to TransUnion data, 23.5 million consumers had at least one personal loan in the fourth quarter of 2023,...

By Jessica Walrack

September 26, 2024

6 Ways to get a loan with a 500 credit score
Personal Loans6 Ways to get a loan with a 500 credit score

A FICO score of 579 or less is considered a bad credit score. According to Experian’s 2023 Consumer Credit Review, a little more than 12% of Americans score in that range. But that doesn’t mean you can’t get a loan with ba...

By Jessica Walrack

May 29, 2024

What are origination fees? Understanding borrowing costs
Personal LoansWhat are origination fees? Understanding borrowing costs

An origination fee, sometimes called an administrative fee, is a one-time fee that some lenders charge to process and approve loan applications, including mortgages and personal loans. Personal loan lenders may charge between 0...

By Jessica Walrack

September 26, 2024

Secured vs. unsecured personal loans: What to know
Personal LoansSecured vs. unsecured personal loans: What to know

The main difference between a secured and an unsecured loan is that one requires collateral. Collateral is a valuable asset, such as your home or your car, that “secures” the loan. Secured loans are safer for lenders since...

By Jessica Walrack

September 26, 2024

What installment loans are and how to get one
Personal LoansWhat installment loans are and how to get one

An installment loan provides you with a lump sum of money upfront that you then repay through a series of payments, or installments, over a set term. For example, mortgages, auto loans, and personal loans are all types of insta...

By Jessica Walrack

May 17, 2024

Do personal loans affect your credit?
Personal LoansDo personal loans affect your credit?

In many cases, your credit score will drop by a few points when you take out an installment loan like a personal loan. The application process can cause a decrease, as can adding a new account with an outstanding balance to you...

By Jessica Walrack

June 18, 2024

Get out of debt with bad credit in 3 steps
Personal LoansGet out of debt with bad credit in 3 steps

About 61% of people with bad credit are likely to default on a credit account, according to FICO data. As a result, many lenders won’t approve you if you have bad credit, which can make it hard to get a loan or borrow the ...

By Jessica Walrack

September 25, 2024

Where can I get a personal loan?
Personal LoansWhere can I get a personal loan?

Personal loans are generally available from banks, credit unions, and online lenders, but banks represent the largest originator of personal loans across the spectrum, with 48% of the market share in 2023. Personal loans can be...

By Jessica Walrack

September 26, 2024

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Fox Money is a property of Credible Operations, Inc., which is majority-owned indirectly by Fox Corporation. This material may not be published, broadcast, rewritten, or redistributed. All rights reserved. Use of this website (including any and all parts and components) constitutes your acceptance of Fox's Terms of Use and Updated Privacy Policy | Your Privacy Choices.