When it’s time to take out a mortgage or open a new credit card, one of the first things a lender or creditor does is check your debt-to-income (DTI) ratio. Generally, an acceptable ratio is 36%. Anything higher, and some lenders begin to worry you’re already carrying too much debt…
The pros and cons of personal loans
If you need extra cash to pay for home improvements, finance a wedding or consolidate high-interest debt, you might want to consider a personal loan. Used wisely, an unsecured personal loan can fill a void in your budget without risking your home or other assets.
As with other loans, rates for personal loans hinge on your credit…