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Installment loans through GBA are
significantly cheaper than payday loans!
Some loans are better than others, and before you commit to a dangerous predatory loan, it’s important to understand the facts and risks of all the different types of personal loans you may consider.
Personal loans may be secured or unsecured. They often have lower interest rates than credit cards, especially if you have good credit. Unlike credit cards, a personal loan is “installment” debt — you get money in a lump sum and make equal payments over a specified period — usually two to five years. Your loan payments will include principal and interest.
Personal loans are amortized loans, and the monthly payment includes the monthly interest expense, as well as a principal repayment, which, combined, will have the loan paid off at the end of the loan’s term.
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