In this time of financial uncertainty, more and more people are reaching out to their family, their friends, and even to people they don’t even know when they need a loan. Some of these people think it’s easier to get money, while others have become suspicious of banks and other lending institutions. Whatever the reason individual borrowers give, there’s no doubt that personal are making a comeback. If you feel skeptical about jumping into one, here are some things to think about.
1. Fixed Repayment Time Frame