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2 Types of Personal Loans

Personal loans can be very helpful in solving financial troubles. These loans come mainly in 2 categories: short-term and long-term loans. Both types have their benefits and specific purpose.

Short-term loans such as payday loans, pawnbrokers, and car title loans in San Diego provide a quick fix solution to your troubles. They usually come with a higher interest rate and lower amount of borrowable money, however, the biggest advantage they offer fast cash.

On the other hand, long-term loans include: mortgage, bank loans, student loans, and credit card loans and they offer a bigger amount of money for lower interest rate and with smaller repayment sums and fees. Whichever type you choose will help you organize your finances and stabilize your situation.

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