Month: December 2020

A cheaper way to borrow – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. You can take out a personal loan from a wide variety of institutions, including a traditional bank, an online lender, or a credit union. While traditional banks may have branches across the […]

How do personal loans work?

Knowledge of the different fees Some loans charge fees beyond the simple interest rate. Here are some you can see: Assembly costs. Although not very common, some lenders charge origination fees. It is usually a percentage of the total loan amount. Look for loans with minimal or no origination fees. Penalty for prepayment. A prepayment […]

Alternatives to payday loans

The payday loan industry is booming in Australia and pushing thousands of Australians into a debt trap. And it’s just not here. A growing number of people around the world rely on these unsecured loans as a quick fix when they need extra cash, despite repeated warnings from regulators about the dangers of payday loans. […]

How to manage your personal loans more effectively

Personal loans make it easy to borrow but it is important to plan for their repayment. (iStock) Personal loans can be useful for covering a large planned expense, such as a home renovation, or an unexpected financial emergency that may arise. Navigating the personal loan application process and getting approved is the first step. The […]

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