Ask Terry Questions Finding a personal loan

Finding a personal loan

By Terry Savage on December 07, 2020 | Credit/Debt

Can you give me List of legitimate personal loan websites for covid relief

Terry Says

You’re walking into dangerous — and expensive — territory asking for a loan these days. First stop is a home equity loan, if you own your own home. Second stop is a loan from your 40l(k) plan. Those will be least expensive.

Then you’re getting into online lenders and exorbitant rates.
You can do a search at Bankrate.com. Here is the link to that section of the site.

Or you can start at an online lender like SoFI.com. Here is a link directly to the personal loan section of their website.

But just be aware not only of the stated rate, the compounding of interest if you don’t make on-time payments. This violates the basic rule of personal finance: When you’re in a deep hole, stop digging!

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