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Wednesday, December 4th
If you're considering Splash Financial for your personal loan needs, you'll find a company committed to alleviating the burden of debt since its establishment in 2013. Originally focusing on student loan refinancing, Splash Financial has expanded its services to include personal loans, maintaining a praiseworthy dedication to customer service while connecting customers with a diverse range of lenders. The application process is relatively straightforward, with the ability to check your eligibility in just three minutes. However, Splash Financial's lack of transparency regarding its network of lenders, their higher starting interest rates, and potentially steep origination fees may give you pause. While the company's strong BBB rating and positive customer feedback are a good sign, we'd recommend looking at higher-ranked referral services first.
Ace Cash Express offers various financial services, including payday loans, installment loans (also known as personal loans), check cashing, and prepaid debit cards, with over 900 locations across 22 states and DC. If you're facing unexpected expenses or cash flow challenges and have less-than-perfect credit or need immediate funds, Ace Cash Express might seem like a convenient solution. However, online personal loans are only available in Delaware, Florida, Missouri, or Texas, with loan amounts ranging from $100 to $1,000 or $2,000, depending on your location. But be warned: the interest rates can be shockingly high, reaching up to 495.76% APR or more, and the repayment term is short at just five months. While Ace Cash Express has an "A+” rating from the Better Business Bureau and numerous 5-star reviews on Trustpilot, this is a last-resort option for those in desperate financial circumstances, not recommended for typical personal loans used for things like consolidating debt or funding home improvement projects.
Personal loans are a type of borrowing where you can get money from a bank, credit union, or online lender and pay it back over time with interest. Why would you want to take out a personal loan? There are plenty of reasons. Typically, people turn to personal loans for big purchases or expenses you can't afford to pay for all at once, like buying a car, paying for a wedding, or covering unexpected medical bills.
Personal loans can also be helpful if you want to consolidate high-interest debt from credit cards into one lower-interest loan, which can save you money in the long run. Some people also use personal loans to fund home improvement projects or even to take a much-needed vacation.But before you go rushing off to apply for a personal loan, there are a few things you should consider.
First, think about whether you really need the money and if you can afford to pay it back. Taking out a loan is a big responsibility, and you don't want to get in over your head with debt. Take a look at your budget and make sure you can comfortably make the monthly payments.
Next, you'll want to shop around and compare loan offers from different lenders to make sure you're getting the best deal. Pay attention to things like interest rates, fees, and repayment terms. You can usually get prequalified for a loan online without affecting your credit score, which can help you see what kind of offers you might be eligible for.
Speaking of applying online, should you do it? Absolutely. It's super convenient to apply for a personal loan online since you can do it from the comfort of your own home and compare offers from multiple lenders without having to visit a bunch of banks or credit unions in person.
Plus, many online lenders offer quick approval and funding, so you can get the money you need fast. Just make sure you're dealing with a reputable lender and that you understand all the terms and conditions of the loan before you sign on the dotted line.
Now that you're ready to apply for a personal loan, which lender or website is best? Here are some things to look for as you make the decision:
To help you find the best option for getting a personal loan, the experts at Top Consumer Reviews have reviewed and ranked some of today's most popular lenders and referral platforms. Use our research to start your journey with a trustworthy company and get the funds you need!
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