Two commonly used products to help fund purchases or pay down debt, personal loans and credit cards can both be great options depending on your financial situation and goals. Each loan has features that could be beneficial; continue reading to learn about the difference between personal loans and credit cards, 什么时候最好使用它们, 以及如何开始.
个人贷款
A personal loan is considered an installment loan, meaning you borrow a fixed sum of money and promise to pay it back, 还有一些兴趣, 在贷款期限内按月支付. As an installment loan, the borrower pays a fixed amount until the full amount borrowed is repaid. These types of loans typically come with lower interest 利率 and steady payments which can help you stay within your budget and on track with your financial goals.
个人 loans are a good option when you know exactly how much money you need and are best for large, one-off purchases such as home improvement projects, 巩固债务, 或者汽车费用.
信用卡
信用卡是一种循环信用额度, so you may borrow as you need and make payments based on the outstanding balance each month. This type of loan is better suited for more frequent purchases that you can pay off quicker than a personal loan. 有些卡提供奖励，比如 Arbor的Visa奖励卡 收入:
- 餐厅和旅行的3分
- 2点的杂货和汽油
- 其他的都是1X分
Rewards can be redeemed for cash back, gift cards, merchandise, travel rewards, and more! 另外,阿伯的 低利率 can help you save money and come with great benefits.
Credit cards can help fund emergency expenses and more, 比如新电器, 活动门票, 网上购物, 或者汽车的轮胎. Based on your spending habits, if you pay the balance in full each month, you may not owe interest.
如何决定
When it’s time to decide between loans, check your credit score. Lenders typically determine whether you qualify for a loan based on your financial history or creditworthiness. 通常, 你的信用评分越高, 你就越有资格申请贷款, 给你更多的选择和条款.
Once you’re ready to apply or would like to discuss more options, you can 参观任何一家Arbor Financial分支机构，请拨打269加拿大28软件的贷款中心.488.5945, or 在我们的网站上申请.
*费率浮动. Qualification is based on an assessment of individual creditworthiness and our underwriting standards. 所有信用社贷款项目, 利率, terms and conditions are subject to change at any time without notice. 并非所有申请人都符合资格.
