Remove College Tuition Remove Credit Cards Remove Pay Off Debt Remove Used
article thumbnail

What Is A Personal Loan?

Savings Corner

Portions of this article were drafted using an in-house natural language generation platform. Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. A personal loan is money borrowed from a lender that can be used for nearly any purpose.

Debt 52
article thumbnail

What Is A Home Equity Loan?

Savings Corner

The amount you can borrow with a home equity loan is based on the current market value of your home, the size of your mortgage and personal financials like your credit score and income. While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. to 10 percent.

Home 52
article thumbnail

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

Family Balance Sheet

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Then my husband decided to pay off his car.

Debt 236