Many people turn to personal loans when they need a fresh injection of cash. Such loans can be used to fund a home repair, or to pay off credit card debt. But it is easy to fall behind on personal loan payments. And if that happens, you might end up in a tough spot, says Michael Bovee, founder of Consumer Recovery Network, an organization that helps people manage their debt.
We all know the wonderful feeling of seeing a fabulous home — or a gleaming new car — that sets our heart fluttering with desire. However, the dream of owning such goods cannot become reality without creating big financial goals – and achieving them.
Debt consolidation allows you to roll multiple account balances into a single debt. That leaves you with one big payment instead of multiple. The hope is that it will make your debt easier to manage, and help you to pay off your debt more quickly. But those are just a couple of the potential upsides. In fact, there are probably more benefits of debt consolidation than you realize.
If you are deep in debt and desperate for a lower interest rate on borrowed money, consider using a personal loan to consolidate your obligations.
No two banks are alike when it comes to personal loans, and that’s true for Marcus and PNC Bank personal loans, too. Each bank has advantages and disadvantages for someone seeking a personal loan product.
If you’re shopping for the best personal loans, you have plenty of options. There are a number of lenders offering competitive APRs, low fees, high loan limits and flexible loan terms.
Creating and sticking to a budget is no easy task, especially around the holiday season. Fortunately, there are a slew of budgeting apps to help you track your spending. Download one of these on your smartphone and you’ll not only get help creating a budget, you’ll have instant access to your recent spending habits.
Kids get older and families get bigger, but your holiday budget can’t keep up with the growing demands. According to the American Research Group, Americans plan to spend an average of $983 on gifts alone during the 2017 holiday season. That’s up 6% from 2016 and an increase of nearly $400 from 20 years ago.
There are a wide range of reasons to get a personal loan. That’s because they are one of the most versatile financial products, designed to help borrowers with diverse needs.
Spending can quickly spiral out of control. That’s the power of high-limit credit cards and zero-interest payment plans on personal loans. Before you know it, you have a house full of new furniture and ticket stubs from over a dozen concerts. While it was all worth it at the time, you weren’t thinking about how to save money.