Most Popular Issues
Most Commented Issues
Thrifty Tips - Sometimes a personal loan IS a good idea.
0 Comments »
Tuesday, October 18, 2016
Greetings Thrifty Friends,
Personal loans aren't always a good idea. Unlike a mortgage or a car loan, personal loans are usually 'unsecured' which means the interest rate will probably be higher. However, there are a few circumstances when a personal loan is your best option.
Keep pinchin' those pennies,
is back and better than ever! This video portal was created to sort through the online clutter to bring you the best animal clips...funniest videos...most popular...PLUS the most unusual. New videos are added daily!
TODAY'S THRIFTY TIP:
Consider a personal loan to...
Consolidate Credit Cards
If you have one or more credit cards that are charged to the max, you could get a personal loan to consolidate all the charges into one monthly payment. If you are paying 12 or 13 percent on a credit card, 8 or 9 percent on a personal loan is a great idea.
Finance a Purchase
If you're going to take out a loan anyway, getting a personal loan and paying the seller in cash might be a better deal than financing through the seller. Ask the seller for an offer and compare it to what you could get through a personal loan. Then you can decide which is the right choice.
Pay for a large event
A large event like a wedding is a good option for a personal loan, if you would end up putting all associated charges on your credit card without being able to pay them off within a few months. A personal loan for a large expense like this might save you a considerable amount on interest charges, provided it has a lower rate than your credit card.
Improve Your Credit
A personal loan might help your credit score in two ways. First, if your credit report shows mostly credit card debt, a personal loan might help your 'account mix.' Having different types of loans is often favorable to your score.
Login to Add Comment
There are currently no comments, be the first to Add one below!
Copywrite © 2017 Penn LLC