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Personal Loans: What Type Is Right for You?

  1. profile image60
    Emmanuel50posted 4 years ago

    There are many different types of personal loans. The type you decide to use will depend on your credit situation and individual preference. Below is a short overview of the four most popular types of personal loans and how they can help you.
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    1. tirelesstraveler profile image86
      tirelesstravelerposted 4 years ago in reply to this

      I don't see the short summary about loans.

  2. Mesha Minnerman profile image61
    Mesha Minnermanposted 4 years ago

    All debt is not good debt and the most important thing to  realize is sometimes borrowing is necessary

    1. tirelesstraveler profile image86
      tirelesstravelerposted 4 years ago in reply to this

      The best loan is one that has no prepayment penalty, low fixed rate, and one that doesn't use a large % of your income.  College loans are some of the worst loans you can take out.

  3. acneprevention profile image61
    acnepreventionposted 4 years ago

    The best loan purpose is one for investment or to buy an asset of tangible value that won't be worthless before the end of the loan term.

    The best loan type is not neccesarily the lowest interest, it is a combination of interest and fees that suits the borrower best and enables them to spend less for the total cost over the life of the loan

  4. LensMan999 profile image49
    LensMan999posted 4 years ago

    The best personal loan is the one which has the lowest interest rate and no unnecessary penalty charges.

 
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