A lot of Americans don’t have the cash on hand to finance some of life’s larger purchases — a new car or a house, for example. While taking out a mortgage or a car loan is not unusual, many people are turning to personal loans, seeking to spread out major purchases over a longer period of time.
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New Study: What’s the ‘True Cost’ of Taking out a Loan?
A lot of Americans don’t have the cash on hand to finance some of life’s larger purchases — a new car or a house, for example. While taking out a mortgage or a car loan is not unusual, many people are turning to personal loans, seeking to spread out major purchases over a longer period of time.
