Uses of Personal Loans

Uses of Personal Loans

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A personal loan is money you borrow from a lender for your own private use. The lending institution can be a bank, investment broker, or private lending company. You can apply for such a loan in your home town or on the internet. Personal loans can be used for a variety of needs including a vacation, vehicle repairs, education, medical expenses, home repairs or remodeling, legal bills, and debt consolidation.One of the biggest uses for an unsecured personal loan is to consolidate other unsecured debt. ... It is very important that you don run up mori charges on your credit cards after consolidating them with an unsecured ... Even those individuals with poor credit or who haven established a credit rating can generally get one.

Title:Uses of Personal Loans
Author: Mary Woods
Publisher:BookRix - 2014-09-02

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