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Credit unions vs banks

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Peppermint0406
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Credit unions vs banks  Reply with quote  

We're planning to remodel our bathrooms in the near future. Problems is we're a little short on cash right now so we're thinking of getting a personal loan to finance it. I'm wondering, for this, would it be better to go to a credit union or bank?
Post Thu Oct 13, 2016 1:59 pm
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oldguy
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One thing to remember - remodeling causes an instant 50% loss to Net Worth. Eg, if you spend 20k on bathrooms it adds only 10k to the value of the house. So it may not be a good way to direct money, borrowed or otherwise, if you want to build wealth.
That aside, CU will usually have a better deal - but not always.
Post Thu Oct 13, 2016 5:01 pm
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Peppermint0406
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Thanks for the tips!
Honestly though it's more of a necessity now rather than just a desire to make our bathrooms prettier. Do you mind if I ask you if you think the personal loan rates here are good?
Post Mon Oct 17, 2016 8:06 am
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skumah
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Post Thu Oct 20, 2016 3:13 pm
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Petert0204
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Credit Union Vs Banks  Reply with quote  

A credit union is the best option for a personal loan. Check out these personal secured and unsecured loan rates. The lending rates are effective as of October 17, 2016. Changed Rate Details

http://www.lusofederal.com/secured-loans/
http://www.lusofederal.com/personal-unsecured-loans/
Post Mon Oct 24, 2016 4:09 am
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Peppermint0406
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Ty for all the information. Appreciate much!
Post Thu Oct 27, 2016 7:52 am
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Paul@GFS
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quote:
That aside, CU will usually have a better deal - but not always.


Credit Unions seem to be a good alternative when you consider your misgivings on banks. At the same time, it's advisable that you gather adequate knowledge on Credit Unions before taking the leaping forward.
Post Mon Nov 14, 2016 6:20 am
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