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What Is A Personal Loan?

Savings Corner

You might, for example, be offered financing by a home improvement store when you buy an appliance. Using a personal loan is only a good idea when it is consistent with being able to achieve other financial goals,” says Mark Hamrick, Bankrate senior economic analyst and Washington bureau chief. “If

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

have barely any bills and be able to live off passive income. About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We actually talk about money and our short- and long-term financial goals a lot, but not so much about spending.

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Cash-out refinance Caret Down When you do a cash-out refinance , you use your home equity to withdraw cash to spend. This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. Your credit score will temporarily take a hit.