There will come a time in your life when you’re standing at a cash crossroads—one where your final decision will determine the future health of your bank account. Whether you use your hard-earned savings or take out a personal loan, only one thing is certain: the cost of your emergency debt isn’t going anywhere.
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When it comes to daily spending, statistics suggest that consumers can be terrible at math. And the unfortunate result is a quicksand of debt.
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While you gawk at the enormous hole being carved in your engaged friend’s wallet, it’s easy to forget your own financial woes as you’re being swaddled into a paisley purple bridesmaid dress or buying your pals a round of Patron shots at a Vegas bachelor party.
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In recent years, access to credit has been hard to come by for consumers of all credit types. With the cost of living remaining at an all time high, many creditors tightened their purse strings, leaving consumers at a loss for financial service opportunities.
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