13 Nov A VA Personal Loan Might Be The Best Option For You. Here’s Why
Unexpected expenses are a regular part of everyday life especially if you’re just getting back from active duty, or even if you’re still serving- because life doesn’t stop and wait for you back home and you’ve got a family to look after.
Personal Loans a fantastic tool to help you overcome those pesky problems and expenses that can crop up every now and then-
If you owe a lot on your credit cards, high balances on multiple cards, they’re probably burning a hole in your pocket with the interest payments, and it more than likely that they’re lowering your credit score as well. Using a personal loan to pay off your credit cards is a process known as debt consolidation, it basically lets you simplify multiple bills into one, reduces your interest charges and improves your credit score.
If you have an important personal event that you’re planning like a wedding or an important anniversary or sadly in some cases a funeral. A personal loan can provide a good chunk of cash to help with payments for caterers, florists, venue rentals, etc.
Got a home improvement project planned? Making a major improvement to your home, such as remodelling your kitchen or redoing your master bathroom, then the best financing option is often a personal loan especially if you prefer not to use your home as collateral while taking out a home equity line of credit (HELOC).
Imagine your furnace just stops working or your laptop just went into sleep mode only to never wake again or roof spouts a leak that’ll cost entirely too much to fix. Now consider medical emergencies: An injury or illness that costs more than your full annual deductible in one payment could overtax your credit cards, and related expenses that aren’t covered by your insurance can pile up fast. A personal loan can help you manage these emergency expenses and take some stress out of these situations.
The good news is that there are many lenders that offer personal loans for veterans and active members of the military, even the ones who have bad credit. Unsecured loans up to $40,000 are available and interest rates range from as low as 4.99% to 36%, mostly dependent on your credit history. Dependents and Military spouses also are eligible for getting financial assistance. Personal loans can be used for a myriad of purposes. You can apply online and expect an answer in less than 24 hours!
Many lenders have special rates for military, and some may have restrictive conditions like approved credit score, direct deposit checking account, etc.
Find The Option That Works Best For You Today!