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The PersonalLoans Blog

Useful information about personal finances, credit management, and loan options


The Pros & Cons of Personal Loans

By John Nguyen

Despite our search for perfection, nothing in life is really perfect. Everything will have positives and negatives, pros and cons. Moreover, the pros and cons of any given product or situation will often vary for every individual, based on their personal needs, wants, and qualifications. When it comes to personal loans, you can look at the general pros and cons of using personal loans, but you should also take the time to evaluate those pros and cons in terms of your own needs and your specific ...

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4 Ways Your Credit Profile Impacts Your Personal Loan

By John Nguyen

Whether we like it or not, many aspects of our finances now depend on having a positive credit profile. Everyone from the landlord to the cellphone company will likely check your credit report and use the information therein to make important decisions about your financial future. Yes, having good credit can save you time, money, and energy in many aspects of life. Just look at personal loans, for example. Your credit profile can impact every aspect of a personal loan, from where you can get the...

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Should You Consolidate with a Loan or a Credit Card?

By John Nguyen

Although using new debt to pay off existing debt can be somewhat counterintuitive, consolidation can sometimes be a valuable tool in your financial toolbox. When done right, consolidating debt can not only simplify repayment by combining multiple debts into a single debt, but it can also reduce the amount of interest you pay on that debt, lowering the cost to become debt-free. You can technically use any type of financing to consolidate debt, but the two main methods used by most consumers is to...

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