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Personal Loan In Fayetteville NC

Brenda and her girlfriends are planning a two week vacation on a cruise ship next month. They have to fly to the debarkation city, stay in a hotel one night and then get on the ship for a fun filled cruise to South America.

She has never gone on a cruise before, but she will be going with five other women and she knows that she will have lots of fun. She is over the top excited about this trip.

The idea of going on a cruise was something that just came up a week ago. They were sitting around talking about vacation plans and the idea just seem to crystalize for them all.

Most of the women have the money already saved to go on this vacation, but unfortunately not Brenda. She will need a personal loan to help pay for her trip, since she had not been really saving for anything quite as expensive as a cruise.

She almost decided not to go on the trip because of her financial situation and lack of savings. But at the last minute with lots of encouragement from her friends she decided she could not miss this one.

They will be sharing a room, which is fine. If she had not decided to go, her best friend would not have been able to go on the trip either, since she would not have had anyone to share the room with.

She is budgeting $3500 for the cruise, the airfare, hotel and expenses. She has a thousand saved. She is hoping to be able to borrow $2500 with a one year term.

A $2500 loan with an one-year term and 4.6% interest rate for Brenda would cost her the following per month:

• Loan Amount (principal) = $2500
• Interest Rate = 4.6%
• Term Length = 1 year
• Monthly Payment = $213.56
• Total Paid Back = $2562.73
• Total Interest = $62.73

Looks like Brenda and her pal gals are going to have a fun time. She paid for the trip using her credit card and applied for the personal loan at the same time.

She will have about 20 days before the credit card bill arrives and will need to pay the balance owing. If she does not pay it in full, the interest she will pay will be around 19% which is pretty high.

With a personal loan at 4.6%, she will pay much less interest and a lot more towards the principle of the loan. Her loan will likely be approved since her credit score is very good.

She has no missed payments or delinquent loan payments. The loan will be advanced to her in time to pay her credit card balance. She plans to repay the loan in one year or less.

Brenda in the meantime will go on a trip of a lifetime, see countries she might never see other wise and have a really great time with her friends on the cruise. They are all hoping to meet people on the cruise, make friends and who knows there may be some lasting relationships develop.

If you live in Fayetteville NC and you need a loan regardless of a bad credit rating we hope our web site helps you in some way.