March 22, 2010
How does the personal loan from banks such as Bank of America or Citibank work?
BeBeAdY asked:
I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. I’m hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest. But since I’ve never done it b4 I will appreciate some more advice. Thanks Much.
Anthony
I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. I’m hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest. But since I’ve never done it b4 I will appreciate some more advice. Thanks Much.
Anthony
March 21, 2010
Personal Loans & Financial Instruments : About Unsecured Personal Bank Loans
ehowfinance asked:
Unsecured personal bank loans, also called signature loans, are secured only by the borrower’s promise to repay. Find out why unsecured personal bank loans often come with high interest rates withhelp from a financial planner in this free video on personal loans and money management. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Stephen
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March 17, 2010
How will taking out a personal loan affect my credit?
KenCosgrove asked:
I got an offer from Capital one to take out a 10,000 personal loan, requiring no collateral at a pretty high rate. Kinda need the money for moving expenses and feel like I can pay it off well ahead of schedule. But will this be sabotaging my credit?
Keith
I got an offer from Capital one to take out a 10,000 personal loan, requiring no collateral at a pretty high rate. Kinda need the money for moving expenses and feel like I can pay it off well ahead of schedule. But will this be sabotaging my credit?
Keith
March 11, 2010
March 10, 2010
March 7, 2010
Personal Loan Unsecured Bad Credit Loans: Beneficial For People With Poor Credit History
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March 6, 2010
No credit check personal loans
guarantorloans asked:
No Credit Check Unsecured Personal Loans – Credit could be No Stress, No Credit history does not necessarily mean No Loans – www.paydayquickloans.co.uk
Frederick
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How can you go about getting a personal loan from a bank? What collateral do you usually need?
Mike D! asked:
I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of $3-5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.
I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of $3-5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.
Now the questions … is this possible, or is there usually some stipulation that you can’t use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!
Vicki