Often, a personal loan can be a more affordable way to finance a large purchase than a credit card. But there are always exceptions.
Occasionally I publish answers to selected readers’ money questions. I welcome your opinion in the comments. Send questions to firstname.lastname@example.org. Q: I am in the process of purchasing my first car. I make a little over $30,000 and have student loan payments, but I save by living with my parents. After law school, I was in […]
In the past year, we have seen banks cut back credit lines, raise interest rates, and limit new loans to only people with immaculate—and I mean immaculate–credit histories. That means it’s become difficult, if not impossible, for well-meaning borrowers to consolidate debt or transfer their debt to a lower interest rate through a traditional bank. […]