Credit Unions & Low-Interest Personal Loans: How the 2 Go Hand-in-Hand

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A personal loan is a short-term loan from a lender that you pay back in monthly installments. The length of a personal loan varies as well as the interest rates for borrowing money. Unless your credit is strong enough to qualify for a 0% introductory credit card offer, a personal loan will often be your cheapest option for borrowing money. In fact, the Federal Reserve reports that the average personal loan interest rate is significantly lower than the average credit card interest rate, which was about 16.6% as of February 2020. Continue reading Credit Unions & Low-Interest Personal Loans: How the 2 Go Hand-in-Hand

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