If you plan to apply for a personal loan, here’s how to make it easier.
Personal loans are handy financial products. If you dream of a home makeover, need to get an old car running, or want to consolidate high-interest credit card debt, personal loans can help. Whatever your reason for a personal loan, do yourself a favor — take these five steps before you apply.
1. Check your budget
Dreams are fantastic, particularly if they’re realistic. Sit down with your monthly budget and figure out if you have room for another payment. Ask yourself this: After I pay all my monthly bills and put money away for the future, do I have enough to afford a loan payment easily?
“Money for the future” here refers to an emergency fund. Do you have enough…
Read the full article at: https://www.fool.com/the-ascent/personal-loans/articles/5-things-you-need-to-do-before-applying-for-a-personal-loan/