Not exact matches
«The heart of the issue is, if you borrow from a family member, there's risk because it can cause damage to the
personal relationship, depending on how that
loan is handled and the expectations from the
borrower and the lender,»
says Katherine Dean.
«Being able to provide
personal loans for all types of
borrowers is a vital element of the lending industry,» he
said.
If you are a qualified
borrower who needs a larger unsecured
personal loan,
say $ 250,000, these firms can make their decisions based more upon the
personal situation of the
borrower.
That
said, our analysis of
personal loan interest rates shows that
borrowers with fair credit generally receive rates between 18 % and 20 %.
Our members work diligently to put families first by providing top - notch advisory and outreach services, consumer - friendly education
loans, and comprehensive assistance and guidance for
borrowers experiencing
personal hardship or financial difficulties,»
said EFC President Debra J. Chromy.
«
Personal loan borrowers may feel they can get a quick win with these
loans even when they are struggling, and there is a clear, near - term end to the obligation — a «light at the end of the tunnel,» in a sense,»
said Becker in the release.