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Which Loan Option is Best for You?
Personal Loans
• One lump sum
• Standard payment each month
• Set payoff date
Personal Loans
Lower rates than other credit options
Personal Loans
Can't easily access more credit if the need arises
Rewards Programs offer benefits for shopping
Credit Cards
Credit Cards
Access your credit whenever necessary
Credit Cards
Higher rates and 24/7 access means greater risk for debt
FlexLine of Credit:
Cash is available when you
need it, plus can be set up as
overdraft protection
FlexLine of Credit
Higher rates than other loan options, but typically higher spend limits
aspirefcu.org
Visit our site for more financial advice!
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Which Loan Option is Best for You?

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A comparison of personal loans, credit cards and a FlexLine of Credit.

Published in: Economy & Finance
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Which Loan Option is Best for You?

  1. 1. Which Loan Option is Best for You?
  2. 2. Personal Loans • One lump sum • Standard payment each month • Set payoff date
  3. 3. Personal Loans Lower rates than other credit options
  4. 4. Personal Loans Can't easily access more credit if the need arises
  5. 5. Rewards Programs offer benefits for shopping Credit Cards
  6. 6. Credit Cards Access your credit whenever necessary
  7. 7. Credit Cards Higher rates and 24/7 access means greater risk for debt
  8. 8. FlexLine of Credit: Cash is available when you need it, plus can be set up as overdraft protection
  9. 9. FlexLine of Credit Higher rates than other loan options, but typically higher spend limits
  10. 10. aspirefcu.org Visit our site for more financial advice!

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