A personal loan is money that can be borrowed from a bank, lender or a credit union that you have to pay back monthly, typically with a fixed-term, a fixed interest rate or over installments usually over two to seven years and rates that can range from 6% to 36% APR (annual percentage rate).
Many times even with great credit you can be denied for a personal loan. Fortunately we can help you structure your credit profile to get you approved for a loan that goes from $10,000 to $100,000.
The benefits of a personal loan, typically are the low interest rates compared to most credit cards, collateral is usually not required and you can select the payment amount that fits your budget. Also using a personal loan to pay high-interest credit card debt can help improve your credit score.