There Is More Than 1 Way to Use a Personal Loan | First Volunteer Bank

We don’t always have the cash we need when we need it, which can really put a damper on our plans. Fortunately, our team at First Volunteer Bank is here to let you in on a little secret that can help you in getting the financial means to go after what you want—a personal loan.

The Possibilities Are Endless

Personal loans are a great option when you need money for a certain item. Not only do personal loans usually have lower interest rates than credit cards, they also have a lower impact on your credit score and offer a more structured repayment plan.

Therefore, you know exactly how much you need each month and how long it will take you to repay it, so you won’t be left in the dark and will have a date in mind for when you will have your personal loan paid off.

Think a Personal Loan Isn’t for You? Think Again!

There are many reasons why you should consider obtaining a personal loan.

For starters, are you living in credit card debt? If you are, you are not alone. In fact, according to a study from ValuePenguin, the average credit card debt of American households is around $5,700 per household.

If you are tired of living in debt and are ready to get serious about paying it off, a personal loan is a great way to consolidate your debt and pay it off ASAP in one monthly payment.

Second, a personal loan can assist in keeping your home up-to-date, which can actually turn into value for your home! A personal loan can help you tackle those home improvement projects you have been wanting to check off your list, from closing in the carport to make a garage to updating the kitchen.

Finally, personal loans can help you in tackling some of the joys in life. Do you have France on your bucket list? Or is your daughter getting married? A personal loan can help you in making sure you can make your dreams come true!

Are you looking for a personal loan? Contact the team at First Volunteer Bank today to learn how we can help!