About this video
Personal loans are a very flexible form of credit. They can vary from $200 to $100,000; can be used for a wide range of purposes; and, can be available to borrowers of different credit worthiness. But, is it a good idea use them? What are the pitfalls of a personal loan? What should you watch out for when you are shopping for a personal loan?
Personal loan topics in this video
00:00 – Introduction
00:12 – What is a personal loan?
00:44 – How do personal loans work?
01:12 – How long does it take to get a personal loan?
02:25 – What do you need in order to apply for a personal loan?
02:54 – What does it mean to be pre-approved for a personal loan?
03:35 – What are personal loans used for?
04:01 – How much can I borrow with a personal loan?
04:41 – What should you do before applying for a personal loan?
05:27 – How long do I have to pay back a personal loan?
06:02 – Is it hard to get a personal loan with bad credit?
06:46 – What is a typical APR for a personal loan?
07:31 – Is a personal loan a good idea?
08:08 – How is interest calculated on personal loans?
09:16 – Is it a good idea to pay off a personal loan early?
09:54 – Do personal loans help my credit score?
10:52 – Will paying off my personal loan improve my credit score?
11:59 – Conclusion
Youtube Channel: https://www.youtube.com/@theyukonproject
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