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Loans Information |
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A Renter in Debt? Take Out a Bad Credit Personal Loan
On average, homeowner households earn 95% more than renting households per year. With 26% of a rental households disposable income being spent on renting, in comparison to 15% of homeowners on their houses (not including maintenance), it is unsurprising that people who rent find it harder to manage and turn to bad credit personal loans for help. It's easy to fall into the rent trap. As monthly rents take over ¼ of their income, debts for renters can easily pile up. It is very difficult to make any savings towards a deposit for a home and very easy to get bad credit if you skip payments on things like credit cards to try and make ends meet. Fortunately, renters with bad credit can still apply for a bad credit personal loan. A bad credit personal loan is an unsecured loan. This means that unlike a home equity loan you do not have to pledge a valuable item such as a home or a car to guarantee repayment. If you rent this makes perfect sense as you do not have a home to pledge anyway! A really useful thing to know is that a bad credit personal loan can be used for just about everything including: ? Buying Christmas presents ? Furnishing a rented home ? Paying off credit card bills ? A new car Most companies that offer bad credit personal loans are not interested in what the money will be used for, they are merely interested in whether the person taking out the loan will be able to make the repayments or not. If you have bad credit then you will need to seek appropriate lenders who offer a personal loan for people with bad credit, but there are an abundance of specialist lenders available. The main advantage to using such a loan is that unlike a credit card, the credit is non-revolving. This means that the interest rate and the term of the bad credit personal loan are fixed at the outset. The monthly repayments are always the same and this makes it far easier to allow for in a monthly budget. As these loans are unsecured and for bad creditors, they do carry a higher interest rate than a home equity loan, but if you do not have a home then this narrows your choices substantially. Peter Siu is a successful freelance writer providing valuable advice for consumers when applying online for credit cards, student credit cards as well as other personal & mortgage loans. You can visit his sites at http://www.uscreditcenter.net http://www.ukcreditcentre.com and - His numerous articles offer moneysaving tips on a number of topics.
MORE RESOURCES: Energy Loans Are Available | Business The Missourian 7 Alternatives to Costly Payday Loans Yahoo Finance Disaster loans: Closed Mississippi beaches hurt businesses Washington Times Why this regional bank is dumping N.Y. multifamily loans American Banker Bill would aid New York cabbies who can't make loan payments American Banker Student Debtor Forgiven $220,000 in School Loans Voice of America Bailout Up to $500 Million Proposed for Taxi Drivers Trapped in Loans The New York Times Warren praises IRS move to expand tax relief for people with discharged student loans | TheHill The Hill SBA Economic Injury Disaster loans available in 13 Counties following Disaster Declaration nbc25news.com Barely anyone is paying off their student loans New York Daily News Pontiac-based United Shore could steal No. 1 ranking from Quicken Loans Detroit Free Press This New Bill Could Be a Lifeline for Student Loan Borrowers The Motley Fool NIU students share their experiences with student loans DeKalb Daily Chronicle New Loan Limits Blow the Roof Off Mortgages Yahoo Finance Don't Waste Your Money Grads in default after student loan company shuts down John Matarese WCPO Cincinnati What is an unsecured loan? Bankrate.com Former Students of Defunct ITT Tech Receive $95.1 Million Loan Relief Wall Street Journal 'I have a chance now to have a life': Navy vet who won watershed student loan ruling tells his story Yahoo Finance Student loan assistance attractive employer... Kent Reporter This is the student loan problem that no one talks about: Graduate school debt - The Washington Post This is the student loan problem that no one talks about: Graduate school debt The Washington Post Palo Alto boosts affordable-housing project with $10.5 million loan Palo Alto Online SBA 504 Real Estate Loan From TMC Financing Enables Locally-Owned Countertop and Flooring Company to Expand Nevada Business Magazine Black-owned firms are twice as likely to be rejected for loans. Is this discrimination? The Guardian Banks Caught in Regulators’ Squabble Over Low-Income Loan Rules Wall Street Journal Black Business Owners With 750+ Credit Scores Are Rejected For Loans Black Enterprise Upending Bankruptcy ‘Myths,’ Judge Erases $220,000 Student Loan Debt Wall Street Journal High Credit Scores Still Not Enough for Black Businesses to Secure Loans, Federal Reserve Data Shows Atlanta Black Star Spending bill would let 529 savings go toward student loans Inside Higher Ed Banks Get Tough on Shale Loans as Fracking Forecasts Flop The Wall Street Journal Loan income drives People's United's Q4 profits higher Hartford Business Aurora looks at $200,000 loan to Morton restaurant Chicago Tribune Arkansas farmer named in loan-fraud indictment Arkansas Democrat-Gazette Cornerstone Bank Plans for Loan Center in Westborough Banker & Tradesman Georgia bill would create loan forgiveness program for teachers who agree to certain requirements 11Alive.com WXIA Bank OZK Q4 reflects loan, deposit growth Seeking Alpha Bloomberg rips Trump over 'very small' million-dollar loan from father Washington Examiner Pitfalls of the 7-year auto loan WWBT NBC12 News Military draft: Applying for FAFSA student loans doesn't mean you'll be drafted. Here's why. CBS News Saddleback loan guarantee meeting postponed Lewiston Sun Journal India's gold loan market to touch Rs 4,617 billion by 2022 Economic Times Football: Ashley Young joins Inter on loan Anadolu Agency Could a bill aimed at teacher student loan debt relief be a boost to young students as well? WRDW-TV Tracking The Challenge Of Student Loan Debt In Wisconsin Wisconsin Public Radio News Candidates for Utah’s governor cash checks, loan themselves money KSTU FOX 13 Salt Lake City Consultancy Seawave investigating Lekoil loan scandal Financial Times Brooklyn mall’s $487M tops outer-borough loan list The Real Deal Loan wolves The Real Deal |
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