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Colin Beresford

Deputy Editor, Personal and Business Loans

About

Colin Beresford is a writer and editor experienced in helping people make the best decisions with their money, whether it's buying a car or taking on a loan. He has written for Bloomberg, The Associated Press, NerdWallet, Car and Driver magazine, among many others covering various financial topics.

Colin Beresford is the deputy editor for personal and business loans at Forbes Advisor where he seeks to help readers make the best possible decisions with their money. He has covered financial topics for nearly half a decade at various publications, including Bloomberg, The Associated Press, NerdWallet, Car and Driver magazine, among many others. He began covering finance after graduating from the University of Michigan where he spent most of his time at the student newspaper (while studying something completely unrelated). When he’s not thinking about ways to help people best use their money, he’s in the mountains outside of Salt Lake City, skiing, biking, climbing or fishing.

Expertise

  • Automotive industry and loans
  • Student loans
  • Personal loans
  • Business loans

Achievements

  • Experienced editor and journalist
  • Has written for Bloomberg and the Associated Press

Other Publications

Education

The University of Michigan, bachelor’s of arts degree

  • This Week’s Personal Loan Rates: March 25, 2025—Rates Move Lower Once Again

    Good news for borrowers. Last week, rates on personal loans inched down. So long as you're a qualified borrower, you'll likely pick up a fair interest rate. For many, this means financing a major purchase or project is within reach....
    This Week’s Personal Loan Rates: March 25, 2025—Rates Move Lower Once Again

  • Best Personal Loans Of 2025: Compare Top Lenders

    When searching for a personal loan, we understand you need sufficient financing at an affordable price. To find the best personal loan options for you, we compared 29 national lenders and researched 16 data points in five different categories. Loan...
    Best Personal Loans Of 2025: Compare Top Lenders

  • Best Banks For Personal Loans Of 2025

    The best personal loans from banks come with low borrowing costs, minimal borrower requirements and accessible customer service. We compared nine banks across 20 data points so that you can find funding from a trusted brick-and-mortar lender.PenFed Credit Union is...
    Best Banks For Personal Loans Of 2025

  • Best Personal Loans For Fair Credit Of 2025

    The best personal loans for fair credit offer affordable rates and favorable terms to borrowers with fair credit (scores between 580 and 669 on the FICO scale). We compared 44 lenders to determine which loan is best for borrowers with...
    Best Personal Loans For Fair Credit Of 2025

  • FundThrough Review 2025

    FundThrough offers a streamlined process to factor your invoices with its online platform. You can sync your QuickBooks or OpenInvoice account to select invoices to fund or you can upload your invoices manually. Signing up for a FundThrough account is...
    FundThrough Review 2025

  • Upgrade Vs. Upstart: Which Personal Loan Lender Is Right For You?

    If you’re looking for a personal loan from an online lender with accessible borrower requirements, Upstart and Upgrade are two options. Both lenders offer quick funding times and no prepayment penalties, but terms and fees may make one a better...
    Upgrade Vs. Upstart: Which Personal Loan Lender Is Right For You?

  • How Hard Is It To Get A Business Loan?

    It can be difficult to qualify for a small business loan. Lenders place many requirements on business loans, including minimum credit scores, annual revenues and time in business. However, equipping yourself with the knowledge of how business loans work and...
    How Hard Is It To Get A Business Loan?

  • How To Finance A Mobile Home

    With the average double-wide costing around $120,000 to $160,000, according to HomeGuide, financing your home may be the only way to afford it. Since mobile homes fall under different classifications, there are various financing options available. Before choosing one loan...
    How To Finance A Mobile Home

  • Best Debt Consolidation Loans Of 2025

    Debt consolidation can be an effective way to streamline payments and potentially reduce your interest charges. The best personal loans for debt consolidation offer low annual percentage rates (APRs) and flexible repayment terms, while avoiding fees like prepayment penalties, so...
    Best Debt Consolidation Loans Of 2025

  • How To Get Home Improvement Loans For Seniors

    Home improvement loans for seniors are financial tools designed to help older adults finance necessary renovations and repairs to their homes. Housing needs may change as we age, often requiring modifications to enhance safety, accessibility and comfort. These loans for...
    How To Get Home Improvement Loans For Seniors

  • Balboa Capital Business Loans Review 2025

    is a California-based business lender that offers small business loans from . Founded in 1988, Balboa is a division of Ameris Bank and has funded over $7 billion nationwide. Loans are available to small businesses, middle-market companies and franchise businesses...
    Balboa Capital Business Loans Review 2025

  • TD Bank Business Loans Review 2025

    Headquartered in New Jersey with locations along the East Coast, TD Bank offers both loans and lines of credit for small businesses. is also a Small Business Administration (SBA) preferred lender and facilitates SBA loans, such as SBA 7(a) and...
    TD Bank Business Loans Review 2025

  • Sofi Vs. LendingClub Personal Loans: Which Is Best For You?

    Both SoFi and LendingClub are online lending platforms that offer unsecured personal loans to qualifying consumers. LendingClub may offer better interest rates to creditworthy borrowers, but SoFi stands out for its large loan amounts, lack of fees and various customer...
    Sofi Vs. LendingClub Personal Loans: Which Is Best For You?

  • What Credit Score Do I Need For A Business Loan?

    Your credit score plays a major role in your ability to qualify for any type of financing, including a small business loan. It also helps determine your interest rates, with strong-credit borrowers typically being offered the best rates. The credit...
    What Credit Score Do I Need For A Business Loan?

  • Best Appliance Financing Options Of 2025

    Whether it’s a new refrigerator, furnace or any other appliance in your home, sometimes replacing an appliance can’t wait. With appliance financing, you can buy an item up front and pay for it over time. There are various financing options,...
    Best Appliance Financing Options Of 2025

  • Average Personal Loan Interest Rates

    The average personal loan rate on loans with a three-year term is 15.36%, according to Credible.com’s personal loan marketplace. Borrowers who pre-qualified for that rate had a credit score of 720 or higher. Personal loans are becoming an increasingly popular...
    Average Personal Loan Interest Rates

  • What Is A Business Debt Schedule?

    As you start taking on long-term debts to grow your business, it’s crucial to monitor your balances and monitor repayment. A business debt schedule tracks your business’s debts and allows you to stay organized and maintain accurate bookkeeping. Beyond that,...
    What Is A Business Debt Schedule?

  • What Happens If You Can’t Pay Your SBA Loan?

    If you can no longer repay your SBA loan, you can end up defaulting on your debt. Once that happens, you can face a long series of consequences. First, the lender will attempt to collect the debt. If it’s unsuccessful,...
    What Happens If You Can’t Pay Your SBA Loan?

  • Equipment Leasing Vs. Financing: Which Should You Choose?

    Whether it’s a kitchen appliance, HVAC unit, office computer or semi-truck, the right equipment can be crucial for the success of your small business. Paying for that equipment up front may be out of reach, but there are options for...
    Equipment Leasing Vs. Financing: Which Should You Choose?

  • What Is The Monthly Payment On A Semi-Truck Loan?

    The monthly payment on a semi-truck loan is the amount you pay each month to repay the loan. This payment includes both the principal amount borrowed and the interest charged on that amount. Eventually, you’ll gain ownership of the truck...
    What Is The Monthly Payment On A Semi-Truck Loan?

  • How To Get A Loan With Bad Credit

    Navigating credit and debt with poor credit can be challenging. Although it’s important to avoid predatory options like payday loans and high-interest installment loans, there are steps you can take to get a loan with bad credit. As you look...
    How To Get A Loan With Bad Credit

  • Best Low-Income Personal Loans Of 2025

    Since lenders use your income to determine whether or not to lend you money, qualifying for a personal loan with a low income can be difficult. However, every lender sets its own requirements, and some accept lower incomes than others....
    Best Low-Income Personal Loans Of 2025

  • What Amount Of Money Can You Get With A Personal Loan?

    The personal loan amount you can qualify for is typically determined by your credit score, income, debt-to-income ratio and other factors. Although loan amounts vary across lenders, the maximum amount for personal loans typically ranges from $500 to $100,000. In...
    What Amount Of Money Can You Get With A Personal Loan?

  • Business Financing For Women: Options and How To Choose

    Although women own 38% of all businesses in the U.S., according to the Women’s Business Enterprise National Council, they often face obstacles when obtaining financing. In 2022, 25% of women-owned businesses were rejected for a loan, compared to 19% of...
    Business Financing For Women: Options and How To Choose

  • Best Emergency Business Loans Of 2025

    Emergency business loans offer financial relief for businesses with sudden and unexpected expenses. Lenders typically fast-tracked these loans to ensure funds are available as soon as possible to keep your business afloat. The best emergency business loans come with fast...
    Best Emergency Business Loans Of 2025

  • Personify Vs. OneMain Financial: Which One Is Best For You?

    Personify and OneMain Financial are lenders that cater to consumers with less-than-stellar credit, and both of these lenders stand out for flexible personal loan offerings and customer-centric approaches. Nonetheless, Personify’s loans come with very high maximum interest rates, and both...
    Personify Vs. OneMain Financial: Which One Is Best For You?

  • Best Bad Credit Loans For Veterans Of 2025

    If you’re a veteran with bad credit—or a FICO score of less than 580—it can be difficult to find a personal loan, but there are options. Although lenders that cater to veterans often require good credit, other lenders work with...
    Best Bad Credit Loans For Veterans Of 2025

  • What Are Small Business Loans For Veterans?

    Veterans own nearly two million small businesses in the U.S. and employ nearly 5.3 million Americans, according to the U.S. Small Business Office of Advocacy. If you’re a veteran looking to start or expand a business, you may be reviewing...
    What Are Small Business Loans For Veterans?

  • Best Personal Loans With No Credit Check Of 2025

    Although it’s common to undergo a credit check when applying for a personal loan, not all lenders require one. If you need cash to hold you over until your next payday—or longer—there are loan apps and personal loan lenders that...
    Best Personal Loans With No Credit Check Of 2025

  • Business Grants For Black Women

    Business grants for Black women are funding opportunities that promote racial and gender equity in business and other areas. They support education, entrepreneurship, arts, research and other fields. Getting a business grant often involves identifying the right program, meeting eligibility...
    Business Grants For Black Women
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About

Colin Beresford is a writer and editor experienced in helping people make the best decisions with their money, whether it's buying a car or taking on a loan. He has written for Bloomberg, The Associated Press, NerdWallet, Car and Driver magazine, among many others covering various financial topics.