Personal Loans Can Help Your Finances

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Personal Loans Can Help Your Finances
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Personal Loans

• Worried about your financial situation and want
  to put your mind at ease?
• Personal loans can help you improve your
  finances. However, read these tips first so you
  can make a more informed decision!

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Investigate and Research

• gt Choose the right lender banks, credit unions,
  online lenders.
• gt Compare and find the cheapest rates.
• gt Fixed Rate or Variable Rate?
• Remember that variable rates rise as interest
  rates increases. Fixed rates however, remain the
  same no matter the movement in interest rates.

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Read the Fine Print

• gt Ask for a full disclosure of the loan terms.
• gt See if the payment and repayment terms work for
  you.
• gt Check if it has late payment fees, prepayment
  fee, or penalty for paying off your loan early.

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Make Sure Your Credit Score Is Accurate

• gt Make sure your credit score is correct and
  continue to use your credit responsibly.
• gt Ask your personal loan lender to report your on
  time payments to bolster your credit profile.

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Only Borrow What You Can Afford

• Gauge your financial situation, how much you can
  realistically borrow and pay off.

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Check for Direct Debits

• Although some lenders provide incentives for
  automatic withdrawals think about the pros and
  cons because you might not have enough money in
  your bank when you need it.

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Do you have questions about
rebuilding your credit?

• Join our Facebook group!
• Feel free to ask your questions within the group!

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