Answers | 2
September 16, 2015
There certainly are, depending on your credit scores and profile. I'd check with your credit union or bank first, and examine the offers closely. Look at both the interest rate and any fees (whether upfront or added to the loan). I hear ads on the radio regularly touting easy business/personal loans with no collateral, but the rates/costs often border on predatory lending. Personal loans fall into a different regulatory category than mortgages, and can have considerably higher rates. Not saying you shouldn't do one, just that you need to be sure you understand the terms and cost of the loan. Hope that helps, Ted
Asked by Chrisitna
Answered by Brenda Robinson
Financial Adviser in Easton, PA
You probably want to collect all of your debit together before getting a new loan ...