This means that student loan borrowers may use this option to consolidate their balances, but it comes with the same
drawbacks as a personal loan.
Not exact matches
As explained above, the interest rate,
loan amount and
loan length are not really
drawbacks when you compare unsecured tenant
loans with secured
personal loans.
But
as accessible
as this may seem, there is a
drawback to this kind of
personal loan.
The only
drawback is that the interest rate charged can be almost
as high
as twice the interest rate charged for
personal loans or even credit cards.
Approval rates are the primary
drawback to a bad credit
personal loan that does not pledge a used vehicle
as collateral.