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The Basics and Advantages of Personal Loans
1.
2. A graduate of Australia’s Macquarie
University, where he received his Master of
Applied Finance, Paul Mathieson founded
IEG Holdings Corporation (IEGH) in 2005.
IEGH operates as Mr. Amazing Loans.
Through Paul Mathieson's leadership, Mr.
Amazing Loans is offering clients $3,000 -
$10,000 loans with 4-to-5-year repayment
periods at fixed rates with full amortization.
3. Consumers have a wide array of options to
choose from when they need to borrow
money. Rather than sign up for yet another
credit card, they should consider a personal
loan. Consumers can apply personal loans
to virtually any expense toward which they
could apply their credit cards, such as
weddings, vacations, home repairs, small
business finances, and emergency costs.
4. While personal loans can be used to pay off
the same expenses as credit cards,
personal loans carry distinct advantages.
They carry fixed interest rates, which means
the interest rate holds steady when
fluctuations in the economy take a toll on
other lending options, such as home equity
loans. Variable-rate loans may start lower
than fixed-rate loans, but can rocket sky-
high after a few years.
5. Just like their rate, personal loans carry a
fixed time limit. If a company agrees to a
personal loan for five years, consumers
make fixed payments every week or
month such that the loan will be paid in
full in five years. Setting time limits in
stone benefits consumers by leaving no
room for confusion or sudden changes in
weekly or monthly payments.