|
Personal Loan:
Robert consolidates his expenses.
Robert was really excited about the path his life was taking. He had just
landed a new job in a new city. Once he found an apartment, he bought some new
furnishings and invested in a few new suits. A month or so later he felt
overwhelmed by his complicated financial situation. Between his car payment,
credit card bills and apartment expenses, he barely had money left over for
food. He was making $31,000 a year and his bills already totaled $5,000.
Solution:
With a Personal Loan for $6,500 Robert could consolidate his bills down to one
easy monthly payment and free up extra money to pay for rent and utilities.
Robert also had the option of getting a Personal Line of Credit, which would
provide him with the opportunity to borrow money more frequently if he needed
to.
* The scenarios shown above are for explanatory
and informational purposes only and do not necessarily reflect terms and
conditions being offered by Dollar Bank. All loan applications are subject to
Bank underwriting and credit standards and specific loan product guidelines.
Consult your tax advisor regarding the deductability of interest.
|
|
3 steps
to getting a loan
See what loans other people have chosen and why.
Read on. >>
Answer a few quick questions and we'll point you in the right direction.
Try it for yourself. >>
From Equity to LTV, you can use our glossary at any time for a better
understanding of each term.
Click here to see what they all mean >>
|