Although interest rates have been very low for a while, they are now rising. To cool the high level of inflation we are experiencing, the Federal Reserve is raising interest rates for the first time since 2018. During the uncertain economic times we are now […]
View moreRising Interest Rates Make Personal Loans a Smart Choice
You’ve probably heard it on the news – the Federal Reserve will raise interest rates this year to help slow inflation. According to many economists, we could see up to six or seven rate hikes in 2022. But what does this mean for you? Will […]
View morePayday Loans vs. Personal Loans [What You Need to Know]
When many find themselves in financial binds and need some quick cash, they often turn to payday loans. These loans are quick and easy to obtain, and the funds are usually available the same day you apply. Although payday loans are convenient, they have some […]
View more5 Types of Personal Loans
If you need to borrow some money to pay for a home repair, buy a new appliance, or consolidate high-interest credit card debt, a personal loan is a great choice. Qualifying is relatively easy, and there are few or no restrictions on what you can […]
View morePersonal Loan Requirements [+ How to Apply]
Personal loans are among the most common and versatile loans that people apply for. They can be used for many different purposes, interest rates are fixed, and they can be obtained without collateral. Also, if you are approved for a personal loan, funds are usually […]
View moreWhat Can You Use a Personal Loan For?
Many people have an occasional need to borrow money to use for an unexpected car repair, medical treatment, home remodeling project, or something else. To fund these expenses, they often turn to credit cards, which have high interest rates. Although credit cards are convenient, there […]
View morePersonal Loan vs. Personal Line of Credit
When you need access to a large amount of money rather quickly, there are a few different options available, including personal loans and personal lines of credit. Both offer consumers access to funds that can be used for almost any purpose, including financing a trip, […]
View more7 Benefits Of Obtaining A Personal Loan
Personal loans can be a useful way to obtain extra money when you need it. For example, if you run into an emergency, you might not have the funds available to meet your needs. If you’re planning a large life event like a wedding, you […]
View moreHow Do Personal Loans Work? [Beginner’s Guide]
If you’re in a situation where you need some extra cash to pay for expenses a personal loan could be the right solution. Click to learn how personal loans work.
View moreCan You Refinance A Personal Loan?
Personal loans are an excellent tool for debt consolidation, making home improvements, buying big-ticket items, and covering unexpected expenses. Personal loans are one of the most versatile loans because you can spend the money on your terms. Still, if you have a personal loan, you […]
View morePersonal Loans vs. Credit Cards
If you need to borrow money to make a major purchase, should you apply for a credit card? Or is a personal loan the better option? If you ask a credit union rep, they’ll say the answer depends on several factors, including interest rates, the […]
View moreHow Much You Can Borrow With A Personal Loan: Guide + Calculator | TEG FCU
Personal loans are an extremely versatile financial tool. However, many borrowers aren’t sure how much personal loan they can get. Every financial situation is unique. Plus, many factors go into how much you can borrow. Understanding some quick and easy basics will give you an […]
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