Personal Loans

Banks Editorial Team

November 26th, 2018

What if I Miss a Payment on a Personal Loan?

There are several negative consequences that will happen if you miss a payment on a personal loan depending on the amount, your agreement with the bank, how long the loan has been in default, and other factors. For one, late fees will be charged based on the information in the credit contract. Your credit score […]

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Banks Editorial Team

November 15th, 2018

What Is A Personal Loan?

Often, people ask what is a personal loan and end up getting all sorts of answers that do not answer their question. Understanding personal loans, their features, and how they work ultimately improves the way people make decisions about their finances.   What is a Personal Loan and How Do You Apply for One? A […]

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Banks Editorial Team

December 22nd, 2017

Personal Loan Dos and Don’ts

There are many reasons you may want some extra cash. Or maybe there is no reason at all. As any other financial commitment, you should consider the personal loan Dos and Don’ts prior to making the final decision. A new car, need it for school, a medical emergency, or you might want to take a […]

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Banks Editorial Team

December 22nd, 2017

The Top 4 Tips for Getting a Personal Loan Approved Today

Getting a personal loan approved may be challenging if you don’t know which steps to take. The fact is, we all may be in need of a personal loan from time to time in our lives. Whether you need money to meet basic expenses, or a little boost to fund your upcoming wedding or vacation, […]

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Banks Editorial Team

December 22nd, 2017

Filling Out a Personal Loan Application? Avoid These 3 Mistakes

People tend to fill out a personal loan application without doing the proper research before. And this is like starting to build your house from the roof. When shopping around for a personal loan, we tend to focus on immediate solutions that aren’t necessarily ideal for their case. Before you submit your personal loan application, […]

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Banks Editorial Team

December 15th, 2017

Does Taking Out a Personal Loan Mean I’m Still In Debt?

If you’re are in debt looking for some way for money to become available quickly, a personal loan can be an ideal option. They’re one way to dig yourself out of a deep hole. But, as with all aspects of money, consider you options carefully. After all, a personal loan isn’t free money. While personal […]

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Banks Editorial Team

December 14th, 2017

Maximize Your Chances to Get a Personal Loan Approved

Do you need help financing a major expense? Whatever reason you need extra money for, you may get a personal loan approved if perhaps you’re planning a wedding, you want to re-do the kitchen or you are simply facing an unexpected expense. This type of loan may be a good fit for you in these […]

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Banks Editorial Team

December 14th, 2017

What to Do When You Can’t Make a Loan Payment

What if you can’t make a loan payment? When you were approved for a personal loan, chances are you had every intention of paying it back. But some circumstances are outside of your control, and certain events may take place that hinder your ability to make timely payments. While finding you’re unable to make a […]

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Banks Editorial Team

December 14th, 2017

The Consequences Of Defaulting On An Unsecured Personal Loan

An unsecured personal loan is issued to consumers without collateral. Lenders typically offer them with higher interest rates, and are selective with whom they choose to approve. As such, these loans are considered high-risk for the lender. This is because without collateral, there is no guarantee the borrower won’t default. And while the lender won’t seize […]

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Banks Editorial Team

December 13th, 2017

3 Important Questions to Answer Before Taking Out A Personal Loan

Taking out a personal loan may be the best solution for you, or not… People take them for many different reasons. One of the most common ones is because they are accessible, as you don’t need collateral. This also means that taking out a personal loan is quicker and easier, as it may approved faster […]

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