McKinney, Texas
1330 N McDonald Street, Suite 205
McKinney, TX 75071
(972) 548-0092

4 Times It Pays to Get a Personal Loan April 24, 2019

McKinney, Collin
4 Times It Pays to Get a Personal Loan, McKinney, Texas

Between paying monthly bills and other essential expenses, paychecks can quickly disappear. While you have every intention of paying off your outstanding debt, the funds just aren’t there. Luckily, a personal loan can fill in the financial gap. Here are several instances when it may be beneficial to secure this type of solution.

4 Scenarios to Take Out Personal Loans  

1. Pay Down Credit Card Balances

Many personal loans have lower interest rates, which can help chip away at credit card debt faster. You’re not limited to just paying the minimum amounts due while interest continues to increase your overall balance. Instead, the loan speeds up the process and allows you more time to pay it back.

2. Finance Remodeling Projects

If you’re a few hundred or thousand dollars short of the budget needed for a small home remodeling project, a personal loan can help. The key is to only take out the specific amount needed to make up the difference. Depending on the scope of the renovation job, the loan may cover the entire expense.  

3. Consolidate Debt

personal loanHaving several outstanding debts can be overwhelming. Throw in a mix of different interest rates, and you might think it will take forever to pay everything off. With a personal loan, you can consolidate all of your debt into one convenient monthly payment and interest rate. You’ll be able to see the finish line much faster.

4. Cover Funeral Expenses

The unfortunate reality is that funeral services are expensive. If the deceased didn’t set aside funds, family members are often left to take care of the costs. Rather than scrambling to cover the expenses during an emotional time, take out a personal loan to ease the financial burden.

 

City Finance in McKinney, TX, offers assistance to anyone who needs emergency funds, like a personal loan. The state-licensed loan agency offers a variety of consumer and commercial loans up to $1,400. To speak to a friendly representative about their application process, call (972) 548-0092 or send them a message online

Other Announcements, Events and Deals from City Finance
4 Ways to Make Quick Cash, McKinney, Texas
Dealing with unexpected expenses is a part of life, and it can leave many people struggling financially. If you have hospital bills, repair costs, and other debts, there are many cre...read more
3 Mistakes to Avoid When Applying for a Personal Loan, McKinney, Texas
Personal loans offer a convenient way to give your finances a boost or pay down debt. However, any time you access new credit, you need to make sure you know how to manage it properl...read more
What Does Your Credit Score Mean?, McKinney, Texas
Your three-digit credit score will affect how lenders receive your loan applications. It is calculated based on your consistency in establishing a record of payin...read more
Do's & Don’ts of Getting a Personal Loan, McKinney, Texas
When you find yourself in a financial struggle, a personal loan can provide the money you need to stay afloat. For instance, these funds are often used to cover emergency medical bil...read more
4 FAQ About Personal Loans Answered, McKinney, Texas
Whether because of an unexpected car repair or needing textbooks for your college student, there are times when everyone needs fast access to cash. Luckily, a personal loan can ...read more