Posted in home improvement loans

The top 9 reasons for personal loans

Personal loans are borrowed money that can be used for large purchases, debt consolidation, emergency expenses and much more. These loans are paid back in monthly installments over the course of typically two to six years, but it can take longer depending on your circumstances and how diligent you are with making payments.



Birdseye view of desk


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Birdseye view of desk

Here are the top six reasons to get a personal loan and when they make sense:

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  1. Debt consolidation.
  2. Alternative to a payday loan.
  3. Home remodeling.
  4. Moving costs.
  5. Emergency expenses.
  6. Appliance purchases.
  7. Vehicle financing.
  8. Wedding expenses.
  9. Vacation costs.

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Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

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How personal loans work

Once you get approved for a personal loan, the funds you receive will be disbursed in a

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Posted in kitchen remodel

More time at home means more opportunity for you to design your personal kitchen, bath :: WRAL.com

Every year we consider the colors and styles homeowners are gravitating towards when personalizing their new home kitchen and baths. The 2020 season, more so than ever, has given us the most poignant glimpse into how everyday living can affect our design choices. 

The global pandemic we continue to experience has resulted in families spending more time at home, altering both their needs and wants with regards to aesthetics, technology, innovative design options and energy-saving features.  

Buyers may have also found a little extra time to spend on Pinterest or watching HGTV to get inspired on the design of their new home.

“I have buyers that come in after months of being stuck at home with social distancing/COVID restrictions and they have learned what they don’t like,” said Rachel Anne Phelps, design consultant for Drees Homes.  “Through staying home,

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Posted in home improvement loans

What should you use a personal loan for?

From an emergency to a big-ticket purchase, personal loans can provide the funding you need.

Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you’re in need of a large amount (after all, there is such thing as a credit limit).

Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer lots of flexibility by putting borrowers in charge of how to use the lump sum.

To keep your personal finance in good shape, find out loan rates you qualify for using Credible. Credible can help you find an online lender with the best deals so you can save money.

5 things you should use

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Posted in remodeling

Condo Life: Remodeling adds personal touch for condo living

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Remodeling your home can either be a smooth transition or a rocky one, but knowing the specifics of remodeling a condominium is incredibly important, as homeowners have different hurdles to face.

In the 2018 report by Livable.com, 10 Things You Absolutely Need to Know Before Renovating a Condo, the top item on the list is to consult your condo board well in advance. The reason for this is every condo building is different regarding rules and regulations about construction in the building. The condo HOA or board will then inform you of the basic guidelines for what can and can’t be done for renovations, it stated.


Addressed in the report as well are things to be aware of, such as newly constructed buildings may not yet have rules in place for renovations, and you have to be

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Posted in home remodeling

Should I get a personal loan for home improvements?

A homeowner’s first instinct may be to get a home equity loan or line of credit when they need money for a home improvement project. But in some cases, a personal loan could be a better choice.



a wooden bench in front of a building: House deck under renovation


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House deck under renovation

With a personal loan, you know your total borrowing costs at the time you take out the loan, and you’re borrowing a fixed amount for a certain number of years with a fixed interest rate. To determine whether or not you should get a personal loan for home improvements, consider your priorities when it comes to interest rates, secured versus unsecured borrowing and tax benefits.

Should I get a personal loan for home improvements?

A personal loan can be a great way to finance a small to mid-sized home improvement project, like new windows or a room makeover. Whether or not a personal loan is the right

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Posted in home improvement loans

The salaried are back to taking home and personal loans



RBI data: The salaried are back to taking home and personal loans


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RBI data: The salaried are back to taking home and personal loans

Allirajan M

With restrictions imposed to curb the spread of COVID-19 pandemic easing and economic activity seeing a gradual improvement, the demand for personal loans is on an upward trajectory. Housing, vehicle, credit card and personal loans for the salaried too have seen a rebound in July. Home loans grew 12.3 per cent year-on-year (y-o-y) and stood at around Rs 13.48 trillion at the end of July, data released by the RBI (Reserve Bank of India) showed.

Personal loans increased 11.2 per cent y-o-y on an overall basis to end the month at Rs 25.31 trillion. The month-on-month (m-o-m) improvement of 1.6 per cent in the total personal loan disbursals in July was the highest since February and was better than the marginal improvement of 0.5 per cent seen in June.

Salaried drive personal loan

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Posted in home improvement loans

Laurel contractor denies seeking COVID-19 relief loans to pay off personal court costs | Crime & Courts

Welch also told an undercover agent posing as a representative reviewing his application that he had no pending criminal charges, according to the indictment.

Welch intended to use the loan proceeds to pay restitution and other costs related to criminal cases against him in Stillwater County District Court and elsewhere, prosecutors say.

The Stillwater County case alleges Welch took $31,800 in total from three separate households for home repairs but failed to start or complete the work. Welch pleaded not guilty in January.

In May, Welch waived extradition to Wyoming in a criminal case with similar allegations. Prosecutors in Campbell County say Welch received a down payment of $1,690 for a home improvement project, but the work was never done and the money never returned.

Welch has not yet been arraigned on charges in Musselshell County that were filed in May. In that county, Welch faces three separate cases, each

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Posted in home improvement loans

Can I pay off a personal loan early?

Perhaps you’ve gotten a raise or a bonus, and you want to pay off the remaining balance on a personal loan. Is that possible? The short answer is “yes” and, in many cases, it can be a wise decision.

After all, when you get extra cash, it can often be beneficial to pay off debt. But, if there’s a prepayment penalty, then this loan payoff may be more costly than what you’d expect.

A prepayment penalty is a provision in a loan agreement that states a penalty will be charged if the loan is paid off within a predetermined time frame, say two years.

This post will review ways to find out if your loan has a prepayment penalty, and how the presence of this penalty could affect your decision about whether or not to pay off the personal loan early.

Also included, is information on avoiding a prepayment penalty

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Posted in home improvement

Should you take out a personal loan for a home improvement project?

Tackling a home improvement project can be costly but, with competitive rates and terms, a personal loan can give you a house to come home to. (iStock)

Home improvement projects can make a house a home. By updating a bathroom or kitchen, replacing windows, or changing the flooring in the living room, you are putting your signature touch on your home and adding value.

But these improvements can also come with a high price tag, making it difficult for the average person to pay cash for upgrades to their homes. There are many reasons to take out a personal loan, but this is one of the most popular — and can really come in handy.

What is a personal loan?

A personal loan is financed by a financial institution — a bank, credit union, or online lender and can be used for renovations, repairs, and additions to your

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