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Which is better: private or personal loans?

asked by puppylove (13)

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Tags:  comparison  loans  money

answers

Personal loans are better because they are going to carry a lower interest rate. Private loans are always a rip off.

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posted by Sheila (144)
6 votes

If you are able to get a private loan then that is the way to go. Hopefully you won't have the same requirement as you would on a personal loan to damage your credit. But make sure it is someone you can trust and won't change rules later on.

6 votes

Neither is inherently better or worse than the other. It totally depends upon the terms of each. You should simply select the one that has the best interest rate and repayment terms.

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posted by John (7911)
5 votes

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