The lender also offers
specific loans for debt consolidation and building credit.
Not exact matches
If you took out a
loan for something
specific, such as an auto
loan or a
debt consolidation loan, you should spend it on that.
If you take out a
loan for something
specific, such as a new car purchase or
debt consolidation, the lender may send the funds directly to the company you owe.
While mortgages, car
loans and student
loans must be used
for a
specific purpose, personal
loans can be borrowed
for debt consolidation, day - to - day living expenses, vacations or credit building, among other things.
While car
loans and mortgages are used to finance
specific purchases, personal
loans can be used
for a variety of purposes, including
debt consolidation, building credit, or funding everyday expenses.
This gives them a baseline to use when determining whether someone fits within the credit criteria
for a
specific debt consolidation loan.
If you took out a
loan for something
specific, such as an auto
loan or a
debt consolidation loan, you should spend it on that.