Why you’d actually want a personal loan.
I go over the pros and cons of each of them so that you can make your own decision if you’re looking for a personal loan.
you’ll be asking is why exactly would you want to get a personal loan. So for me personally, I had to look for a personal loan. Because I had a dry Norma’s yard project that I had to complete and I didn’t want to do a home equity loan or anything like that.
Because the rates and terms were a lot more simplified to just do a personal loan. So basically, if you’ve got big home improvements we’re gonna do something expensive like adoption. You’ve got really expensive medical bills.
Then I would suggest going with a person and I’d also recommend one if you’re trying to consolidate your credit card debt. Because if you’ve got credit card debt and you take a personal loan than the rate on the personal loan is probably going to be a lot better than your credit cards right.
In the financial terminology they would call this a debt consolidation loan you’re just taking your credit card debt and you’re moving into a personal loan. Hopefully has a better rate. The only warning that I have though with consolidating credit card debt.
Is that you’ve got to get on top of your credit cards. Otherwise, you’re going to end up with 2 bills. If you don’t change your spending habits you’re gonna end up with a personal loan and you’re going to have credit card debt.
So everything’s just going to get worse. So if you do end up consolidating your credit card debt through a personal loan or anything like that then just make sure your spending habits change so you don’t end up having credit card debt again.
But that was for me personally so you want to check all of these different lenders to see which rates are going to end of qualifying for because I didn’t have an origination fee or anything like that I just went with him ever gave me the best rate and for me at the time it happened to be live stream loans now these are the 3 best picks that I found but feel free and commenting below if you know of any personal loans that I didn’t mention that actually have better rates so maybe you do know of some better personal loans out there that these are the 3 best that I found and that’s from all the research that I did once again I’m Jason with the honest finance channel if you did find this information helpful.