College Tuition Consumer Pay Off Debt Renovation 
Savings Corner
DECEMBER 24, 2023
Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. Repayment terms: Repayment timelines vary for personal loans, but consumers are often able to choose repayment terms between one and seven years.
Savings Corner
APRIL 4, 2024
Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. to 10 percent.
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