May 13th, 2019 12:44 am
May 13th, 2019 8:47 am
May 13th, 2019 10:18 am
May 13th, 2019 10:32 am
The bank will likely be cheaper. A personal loan, a line of credit, or as someone mentioned below, a HELOC. But they will all take time to process, with the HELOC being the most time-consuming.
May 13th, 2019 11:37 am
May 13th, 2019 9:46 pm
The best place to get a loan depends on your situation.
May 13th, 2019 9:49 pm
Some offer smaller loans or lines of credits secured against home equity with quicker processing time. Higher interest rate though.CNeufeld wrote: ↑May 13th, 2019 10:32 amThe bank will likely be cheaper. A personal loan, a line of credit, or as someone mentioned below, a HELOC. But they will all take time to process, with the HELOC being the most time-consuming.
Fairstone is one step above the payday loan companies, I think. Perhaps easier to get an unsecured loan from them than the banks, but you'll pay for it.
May 13th, 2019 10:15 pm
Thank you UrbanQuote.
May 13th, 2019 11:15 pm
Do you meAn 780?
May 14th, 2019 9:48 am
May 16th, 2019 10:54 am
Personal line of credit, home equity line of credit, credit card cash advance all work the same way with lower interest. The only reason to go to a place like Fairstone is because you don't qualify for the aforementioned.skeet50 wrote: ↑May 14th, 2019 9:48 amUsually unsecured loans like those at Fairstone are open loans. This means that while they may charge you 29.99% interest, you don’t actually have to pay that rate. You can effectively lower that rate by paying extra payments and by paying earlier. There are usually no penalties for this with open loans.
One of the best ways you can reduce the amount of interest that you pay is to make your first payment the very same day that you receive your loan. These loans are often structured so that your first payment isn’t for 30 or 45 days, during which the loan is just earning interest. Making a payment right away reduces this.
The reality is if you are in a position to repay the loan quickly and greatly reduce the amount of interest that you pay, these loans can work.
Jul 4th, 2019 7:31 am