Topic: Personal Loan Guides

Personal Loan Application Requirements

Applying for a Personal Loan When applying for a personal loan the following requirements are typically required: A credit score above 640: Good credit is one of the ways to help secure a personal loan. Those who ...

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Fixed-Rate vs. Variable-Rate Loans

Fixed-Rate vs. Variable-Rate Loans – Which is Right For You? Not all loans are created equal. Some loans have a fixed rate and others have a variable rate. If you plan to take out a loan, you should shop for the best ...

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Secured vs. Unsecured Personal Loans

What is the Difference Between Secured and Unsecured Loans? The difference between secured and unsecured loans is that secured personal loans are backed by something of value, like your home or your car. Unsecured loans ...

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Personal Loans vs. Credit Cards

Personal loans are great if you’re looking for a lump sum of money to make a major purchase or for debt consolidation, with a set schedule for repayment. Credit cards are better if you’re looking to make daily purchases ...

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Personal Loan vs. Line of Credit

What is the Difference Between a Personal Loan and a Line of Credit? The main difference between a personal loan and line of credit is that a line of credit is revolving, and a personal loan is not. Personal loans are ...

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Personal Loan Approval Process

The personal loan approval process has never been easier. In three simple steps, you could get approved and have your Best Egg personal loan in your bank account in as little as one business day. It’s important to ...

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What Happens if You Default on a Personal Loan?

When you default on a personal loan, it means you have not upheld your promise to repay the personal loan, and the lender may take action to collect what is due. The action will vary depending on the loan agreement and ...

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