Ritambhara guptaMar 24, 20191 min readWhy Take Out a Personal Loan?Many consumers take out personal loans and use the proceeds to pay off their credit cards. This can offer a couple of benefits. First,...
Ritambhara guptaMar 24, 20191 min readA Personal Loan Is for a Fixed AmountThe amount of personal loans ranges anywhere from $1,000 to $50,000, depending on your lender, your income, your other debt, and your...
Ritambhara guptaMar 24, 20191 min readPersonal Loans Usually Have Fixed Interest RatesThe interest rate on a personal loan is usually locked. It doesn't change for the life of the loan. But some personal loans come with a...
Ritambhara guptaMar 24, 20191 min readPersonal Loans Have Fixed Repayment PeriodsYou'll have a set period of time to repay your personal loan. Loan periods are usually stated in months: 12, 24, 36, 48, or 60. Longer...
Ritambhara guptaMar 24, 20191 min readPersonal Loans Affect Your Credit ScoreMost lenders report your loan account details to the credit bureaus, which then include that information on your credit report....
Ritambhara guptaMar 24, 20191 min readApplying for a Personal LoanIt might be easier to get a personal loan from a bank where you already have a relationship. The bank will probably want to know what...