Please go to /r/borrow before you consider a personal loan.

Quick, easy, and painless. So while I will reiterate that I’m not an expert on loans, PLEASE consider r/borrow before you go for a personal loan. The personal loan company approved me …

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10 Questions To Ask Before Applying For A Personal Loan - CNBC

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Oct 31, 2024 · According to the Fed’s most recent data, the average APR for 24-month personal loans was 12.17%. This is often well below the average credit card APR, which is why many …

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Ask The Experts: 12 Common Personal Loan Questions

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Jun 27, 2024 · According to our personal loan study, 55.10% of LendingTree users took a personal loan to consolidate debt in the first quarter of 2024. If you’re considering doing the …

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FAQs about Please go to /r/borrow before you consider a personal loan. Coupon?

Should I borrow more than I Need?

DON’T BORROW MORE THAN YOU NEED. This is more general than anything else, but....don’t get addicted to loans, please. The sub is meant for short term loans. People DO get loaners for higher values, but it’s considered much riskier and therefore you might take longer to get appproved, if at all. New borrowers shouldn’t be asking for $1000 loans. ...

How do you know if a personal loan is right for You?

Look at the APR, term, monthly payment, and total interest of each loan offer. If any of these details are missing, you can use a personal loan calculator. Shorter terms typically come with lower interest rates and cost less over the life of the loan, but they also come with higher monthly payments. ...

Where can I find a personal loan?

Research and compare lenders You can find personal loans at online lenders, banks and credit unions, but some lenders work better for certain borrowers and loan purposes than others. For example, some lenders offer features to help specifically with debt consolidation, others specialize in lending to borrowers with bad credit. ...

What are the requirements for a personal loan?

Most lenders have similar requirements for personal loans, although the specific qualification standards may vary by lender. For example, two lenders might consider your credit score, but one might require a higher credit score than the other. Here are some other common requirements they might consider: 1. Credit Score and History ...

How do I find a good personal loan?

Loan amount and repayment term availability: Personal loans typically range from $1,000 to $100,000 with repayment terms from two to seven years. Look for lenders with loan amounts and repayment terms that match your borrowing needs. For example, credit unions can often provide small loans of $2,500 or less with low APRs. ...

How hard is it to get a personal loan?

Sign up here. It’s not difficult to apply for a personal loan. The process is typically simple and quick, and depending on the lender, you can get the funds fast. Still, it’s best to take the time to search for lender options that fit your needs (and your credit profile). ...