Who is eligible. Active duty and reserve members in the Navy or Marine Corps. Offers grants or interest free loans for areas including: emergency transportation funeral expenses medicaldental bills food, rent, utilities, unforeseen family emergencies, disaster relief assistance childcare expenses essential vehicle repairs educational scholarships or interest free loans budget counseling services.
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Debt consolidation. If you have run up other debts at high rates of interest, a personal loan can be a good way to manage your borrowings and bring down the cost. Lets say you have built up a debt of £3,000 on a store card that charges interest of 29. You could take out a loan for £3,000 at, say, 8, to pay off the store card balance and reduce the monthly payment. If you also cut up the store card, you would not be tempted to go on a spreading spree and add to payday advance arlington tx debt burden.
Interest rates. Interest rates on personal loans vary across the market, but as a rough rule of thumb, the more you borrow, the lower the rate. For example, you might pay interest of 9 on a £3,000 loan, but only 6 on a loan of £7,000.
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