WASHINGTON – With so many Americans lacking emergency savings, the personal loan business is booming right now, and the borrowing is led by millennials. Bankrate.com says 24 million Americans are.
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Loans are fully amortizing personal loans as long as you pay on time. You must have a minimum household income of $25,000 to be considered for a Discover personal loan. A Discover Personal Loan cannot be used to pay for post-secondary education or to pay off a secured loan.
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I have been considering taking out a personal loan and paying off some credit card debt, but I’m not sure if this is a good. just like a credit card is unsecured debt. Bankrate’s national average.
. 10% of the 1,000 American adults the personal-finance company Bankrate surveyed in January said they were either “very likely” or “somewhat likely” to take out a personal loan in the next 12.
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