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Understanding the Different Types of Loans

Most of us find ourselves needing or wanting to purchase something that we cannot afford at the moment, making it necessary to take out loans. Whether it’s a car, a house, a college degree, or…

Smart Amortization Strategies You Should Know

On average, an American has a debt of $90,460. This includes all types of consumer debt — credit cards, personal loans, student debt, and mortgages. The average American millennial has $87,448 in debt, while the…

5 Ways to Build Credit from Scratch

Your credit score is the central number that financial institutions check before they lend you money, and if you’re looking to get a mortgage or a personal loan, you’ll know that you can’t do this…

Understanding Cash Loans and Their Benefits

There may be times when you would find yourself in a tight financial situation and in an immediate need of cash, a couple of weeks before payday. Whether it’s an overdue bill that you have…

Unsecured Personal Loans: What is it and How Does it Work

Do you need some extra money to finance some significant event in your life? Whether it’s for a big vacation or a home renovation, an unsecured personal loan can give you the relief you need.…

APR vs Interest Rate: Understanding the Difference

Are you taking out a personal loan or a car title loan? Chances are you’ll encounter two terms: APR and interest rate. Annual percentage rate and interest rates are two values that refer to a…

The Pros and Cons of Debt Consolidation

Between personal loans, car title loans, credit cards, and mortgages, it takes work to track and pay them all. Debt consolidation allows borrowers to combine their loans into a single payment. You have to take…

Debt Consolidation Loan: The What, Whys and Hows

In September 2021, the Federal Reserve announced that consumer credit increased by 5.6% during the third quarter. So if you’re struggling with debt due to the pandemic and even before it, remember that you’re not…

6 Steps to Personal Loan Offer Evaluation

When you apply for a personal loan, the usual process involves you receiving a loan offer that details everything within the contract. Personal loans are a great financial tool that you can use for almost…

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Applying for a Personal Installment Loan with Payment 1 Financial is easy. Texas Loan Rates | Loan Amounts $2,500 – $10,000 | APR Range 35.99% – 27.58% * | Term Lengths 12 – 24 Months | Your terms may vary based on credit history, income, debts and collateral. If you borrowed $10,000 with a 27.58% APR and 24 month term, your payments would be $546.74 per month. The total cost of the loan with fees would be $13,121.69. This example is based on a standard customer with a 650-780 credit score.

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