Personal loans are given out to people who want to avail an unsecured line of credit, since they have no collateral to put up and hence cannot avail regular loans. Most types of personal loans do not require collateral as security and the promise to repay money is the only assurance for the loan taken.
There are a number of things that you should take into account before applying for a personal loan among the multiple sources available to choose from. A thorough research of the lender, the interest rates at which the personal loan is being offered at and terms of condition of the loan will help you get the best deal.
Listed below are the different types of personal loans:
Personal loans are generally divided into two categories namely unsecured and secured loans.
Unsecured loans: Unsecured loans, as the name suggest, do not require any collateral security for the loan taken. Banks and financial institutions will generally not deal with a lot of unsecured loans since the only guarantee that the loan will ever be repaid is on the basis of the promise made by the borrower. Unsecured loans and short terms credits are generally given by individuals, credit unions, and third-party credit sources. However, the interest rate will be higher and to some extent even exorbitant.
Fixed rate personal loans: Normally personal and unsecured loans will have varying rates of interest, since there is no specific guarantee that the loan amount will be repaid back in time. the risk factor for the lender is higher and this drives up the rate of interest. However, in case of fixed rate as the name suggest, the rate of interest will not vary for the duration of the loan taken. The lines of credit in this case will have variable rates.
Variable rate personal loans: A schedule or clause in the agreement or contract for the loan taken will allow the interest rates to fluctuate, with some that carry a cap limit as to how much the interest rate can fluctuate. It is very important to verify the rate of interest, fluctuation caps, and the terms of variable rate personal loans before taking up the loan.
Lines of credit: A line of credit is a different borrowing system which allows you to use the available line of credit, which will be different for every borrower. Line of credit options generally include secured and unsecured options.
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Here’s how to get your divorce records without any hassle
Read moreGetting a divorce is a tedious process. And once the lengthy process is over and the divorce has fallen through, each of the parties involved receives their copy of the divorce certificate. This document is extremely important as it is your only proof that the marriage has been legally dissolved. Whether you want to get remarried or need the divorce records for some legal pursuit, getting the divorce records in the event of losing them can be tricky, unless you know where you can find these divorce records.
While there may be quite a few options to secure the divorce records, to begin with, you will need certain concrete details such as the name of the divorce parties involved, the date of birth of each of the parties, and details pertaining to the location (state/county) where the legal judgment finalizing the divorce was acquired.
The first place to easily find your divorce records is through your attorney. On the event of finalizing any divorce judgment, every attorney carries a record of your case along with the final judgment copy for certain period, depending on their policy. However, you should always remember that at this point, the attorney will only have a copy of your divorce records and it is not the certified one that you got directly from the courts.
Another option is to reach out to the county office of the court’s clerk where your divorce was finalized and place a request by going there in person or through a phone call for a copy of your divorce records. There are some counties that have online options to put in your request. After you have provided a filled up form containing all the details required regarding both the parties, you would be required to pay a nominal fee in order to secure the records. The divorce records obtained here would be the certified copy. In case you have forgotten the county where you finalized your divorce, you can always get the same certified divorce records from the state’s Department of Vital Records. The process is similar to the county office and getting the divorce records would not be a problem as long as you furnish the required details and pay the fee.
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5 popular prepaid options from Boost
Read moreWhile mobile phones are in plenty, everyone has their choice of wireless carrier plans. Some like monthly billing, while others prefer prepaid services. Now since contract phones are out of the way, prepaid and monthly billing plans have taken their place.
There are many carriers that have prepaid options, but those who are looking beyond the big four – AT&T, Sprint, Verizon, and T-Mobile, can avail of the best prepaid options from Boost Mobile’s new phone services. They have their own devices, which can be purchased from the carriers as well as retailers.
- Samsung Galaxy J3: This is one of the best-selling phones by Boost Mobile’s new phones. It works on 4G LTE with 16 GB memory. The screen size is 5 inches and is powered by a Qualcomm MSM 8917, 1.4 GHz quad-core processor.
- LG Tribute HD: This phone runs on the Android Marshmallow 6.0 version. Two cameras – an 8 MP rear and 2 MP front cameras, 4G LTE speed and a 5-inch screen are some of its best features. The internal memory is 16 GB.
- LG Stylo: Available at USD 129.99, the LG Stylo operates on the Android Nougat 7.0 operating system. As named, LG Stylo comes with a stylus. The big screen size of 5.7 inches and 13.0 MP rear facing camera is impressive. The memory is 16 GB, which can be expanded via SD card and works at 4G LTE speed.
- Apple iPhone 6: The first of Boost Mobile’s new phones that run on iOS. Till now all Boost mobiles were available on the Android platform. The 32 GB memory and 4G LTE speed make it easy for users who love Apple products. Priced at USD 199.99, this prepaid cell phone has the iOS 10.2.1 version.
- Samsung Galaxy J7 Perx: This Android 7.0 Nougat phone runs at the speed of 4G LTE and is decently priced at USD 159.99. The Samsung Galaxy J7 Perx comes with 16 GB expandable memory and 8 MP rear and 5 MP front cameras.
Boost Mobile’s new phones are quite affordable being priced from USD 35 and can range up to USD 200. Though all the phones have an Android OS, there is one iOS version too. These phones can be a bought at a better deal from online retailers like Amazon as they are contract-free phones.