As long as your account has cash value, you can borrow against it no questions asked. Theres no need to apply for the loan or have your credit checked. Low Interest. According to Bankrate, the interest on a life insurance loan is usually between 5 and 9. This makes this type of loan cheaper than either credit cards or personal loans.
A Flexible Schedule. You have the rest of your life to pay back your loan. Unlike a bank or a credit card company, your life insurer wont come after you demanding payment. However, this kind of loan also has some downsides, such as: Limited Value.
Homelessness. Homelessness is something no one should have to face. But many people in Arlington are homeless, and many families and individuals are in danger of becoming homeless. If youre facing homelessness, you deserve help. And Arlington offers that help through transitional housing, food pantries and more. Its a matter of knowing where to look: Arlington Life Shelter provides meals and temporary shelter.
Homeless Shelter Directory lists some of the shelters and other services available in Arlington. Shelter Listings also provides a list of temporary housing in the area. The U.
There are hundreds participating direct lenders. Get started today. Online Services. Inormation. APR Disclosure. Some states have laws limiting the APR that a lender can charge you.
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