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What Is A Personal Loan?

Savings Corner

DECEMBER 24, 2023

You might, for example, be offered financing by a home improvement store when you buy an appliance. These loans tend to come with lower interest rates that can help consumers save money on interest or secure a lower monthly payment. However, many lenders prohibit the use of personal loans to cover college tuition fees.

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Debt Credit Cards Credit College Tuition 52
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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. The rest was our house. But it wasn’t a decade of nothing but paying off debt.

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Debt Debt Free Pay Off Debt Financial Goals 236
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