Greater Nevada Credit Union
When you were a child, did you ask your parents for ten dollars because you wanted to buy something that you couldn’t afford? Did they reply, “Okay, but you’re going to have to pay me back, plus interest.” If they did, they were teaching you a valuable lesson about borrowing. There are many types of loans. There are loans used to purchase a home (mortgage), loans used to purchase a car (auto loan), and even loans used to finance your way through college (student loans). Unlike these, personal loans aren’t used for specific purposes. If you’re unfamiliar with what a personal loan can be used for, or if you’d like a refresher course, read on to find out more!