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Saturday, December 3rd
OppLoans is an option to consider if your credit history isn't so impressive. The lender offers funding in 30+ states with maximum APRs way higher than the other lenders in our review - but they're still much less than what you'll find with payday loans, which are often the only choice for consumers with low credit scores. OppLoans has a strong reputation among its clients and can fund personal loans within one business day. We recommend this lender as an alternative to payday loans, but borrowers with decent credit will find lower rates elsewhere on traditional personal loans.
With a name like Personal Loans, you'd think this referral service would be the best all-around choice for borrowing money. Not so much. You'll be asked to provide extremely detailed personal information, including your SSN and employer's contact information, only to be given a list of lenders you could choose to approach for a loan. Although Personal Loans' reputation has improved over the years, there are still much better options out there for getting the cash you need.
With inflation on the rise and an endless list of possibilities for unexpected expenses - car repairs, visits to the ER, and broken appliances, to name a few - it's no wonder that an increasing number of people are applying for personal loans.
Sound familiar? If you find yourself in need of some cash, you've probably considered borrowing from a friend or relative - but there's no guarantee that your loved ones are in a position to help, and who really wants to ask? Fortunately, you've got options that don't involve an awkward conversation with people you know. There are many lenders that specialize in personal loans ranging from $500 to as much as $100,000, with simple application processes that can be completed 100% online.
What's the catch? There isn't one, as long as you choose your lender carefully. Some providers of personal loans charge excessively high interest rates and offer shorter-than-average terms, making it harder for you to pay it back on time. On the other hand, most reputable sources of personal loans are completely transparent with their interest rates, give repayment terms of up to five years, and won't charge you any fees if you're able to pay off your loan earlier than anticipated.
How can you determine which lender is the best choice for your personal loan? That largely depends on your individual circumstances, but there are several factors to keep in mind as you consider your options. They include the following:
TopConsumerReviews.com has reviewed and ranked the best providers of personal loans available today. We're confident that this information will help you get the money you need, deposited quickly and at the lowest possible rates!
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