A personal loan is a 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 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.