dealing with debt and a financially irresponsible spouse

About Me

dealing with debt and a financially irresponsible spouse

I am married to a man that isn't exactly financially responsible. When he finds something that he wants, he will do whatever is necessary to buy it. This has caused us a lot of debt over the years. What can you do when you are married to someone that doesn't take being in debt seriously? How do you approach him or her about their spending habits? I have worked with a financial professional to learn how to manage my money, how to discuss our money problems with my husband and to learn how to reduce my debt as quickly as possible. Find all this information and more here on my blog.



3 Reasons Why You Should Use A Personal Loan To Buy A Car

If you are ready to buy a car and are thinking about getting a personal loan to do so this could be a great choice. This is because a car loan often has restrictions that you can avoid when you use a personal loan to purchase your car. Here are some of the best reasons why you should choose a personal loan instead of  a car loan when purchasing your next vehicle.

Use the Funds Exactly as You Want

One of the best reasons to choose a personal loan to buy a car is that you can use it for just about anything. You can use it for funding a new car and you can also use it to do custom modifications and installations on a car. When you choose a car loan you often cannot purchase a car that is beyond a certain age and without a specific amount of mileage on it. Limitations like this can be very restrictive when you want to buy the car of your dreams. However, with a personal loan you can buy any car you choose no matter what the age. This means you can even purchase a vintage car if you choose. While a personal loan may get you a higher interest rate because it is not secured by the car it may be well worth it if you can get the car of your dreams.

Find Your Seller Anywhere

Banks and other lenders often want you to buy your car from specific sellers. If you want to buy a car from a friend or if you found the perfect car you want to buy online you may find that traditional lenders will give you a hard time. However, since a personal loans can be used as you please, few questions will be asked about where you purchase your car.

Qualify Even with Bad Credit

If you have bad credit you may find it difficult to get a car loan from a traditional lender. However, when you apply for a personal loan especially from an online lender or other more lenient lenders you have a great chance of getting a loan to finance your car.

When you want to buy a car, whether you choose a personal loan or a car loan comes down to flexibility, interest rates and your financial background. Making the choice to get a personal loan may be just what you need to get the car you want.