What exactly is a personal loan? It is simply borrowing a sum of money for whatever reasons you may need it. Unlike a mortgage, a car loan, or a student loan, personal loans are not earmarked for one particular thing. A personal loan can be used for debt consolidation, or for car repairs. You can…
Advantages and Disadvantages of Term Loans
In the most basic definition, term loans are loans where the money is repaid in regular payments (or installments) over a set amount of time (or term). The amount borrowed, the interest rates, and the period of repayment are all variables. Different lenders will have different rates and repayment agreements, so you should always make…
How to Find the Best Small Loan Online
There are small, independent lenders in every town. Big or small, every little nook and cranny of America has enterprising businesses looking to lend you money. Thanks to the internet, you no longer have to call or visit these places to get the information you need. Finding a small loan online takes away all the…
How to Beat High Loan Interest Rates
Loan interest rates are something you cannot avoid. If you need to borrow money, you will definitely be paying interest. That is how lenders make their money and stay in business. But just because you have to pay interest doesn’t mean you should settle for high interest rates. Always shop around and compare the rates…
Small Personal Loans Come with Big Benefits
Bigger is not always better. When it comes to borrowing money, you want to take on as little debt as possible. Instead of going to big bank for a big loan that will takes years to pay off, maybe you should think about the big benefits that come with small personal loans. Small Personal Loans…