Should I opt for the short-term or long-term repayment plan?
Date: Wed, 09/23/2020 - 17:55
Which one is the better option for a personal loan? A short-term repayment term or a long-term repayment term? I am getting both the offers.
You have to analyze your
You have to analyze your financial situation and make the decision accordingly. A short-term repayment term can help you save more on interest payments. However, a long-term loan can make your monthly payments affordable for the time being. You can refinance the loan later to reduce tour term perios when you can make the relatively higher monthly payments and repay the loan.
Why are you taking out a
Why are you taking out a personal loan? Is it for consolidating your debts? If yes, I would suggest you look for other debt consolidation options by working with a genuine debt relief company. Call 800-DEBT-913 for immediate debt help.