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What Is A Personal Loan?

Savings Corner

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. However, many lenders prohibit the use of personal loans to cover college tuition fees. Can anyone get a personal loan?

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Read the fine print on the site to confirm. Or, if your costs will extend over a long period of time (like paying a home contractor in installments, or college tuition for four years).

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