What is keeping you from reaching your career goals? For many people, it's because they don't have enough education, whether it's basic credentials or a full-fledged degree. And they have the wrong idea that they can never go to college or trade school because tuition costs are going up. They haven't thought about how personal loans could help them make their dreams come true, though.
Anyone can use a personal loan to help them get a better job. There are personal loans for everyone, no matter how old or young they are, how rich or poor they are, or whether they have a job or not.
Mindy's Tale
Take Mindy as an example. She is 19 years old and a single mother. She is very smart and works hard at a fast food place for a few dollars an hour. She only brings home about $300 a week, but she is lucky to live with her grandmother, who takes care of Mindy and her child and gives them a place to live. Still, this situation won't last forever, and Mindy can tell that her grandmother would like more freedom.
Mindy wants to go to school and become a nurse so she and her daughter can move out and stop putting a lot of stress on her loving but tired grandmother. However, she can't figure out how to pay for the classes.
Enter personal loans.
Mindy's grandmother could co-sign for a secured personal loan and use her house or car as collateral. Mindy could sign for herself on unsecured personal loans, but she probably wouldn't be able to borrow as much and her interest rates would usually be higher than if she took out secured loans.
Personal loans will make it possible for Mindy to finally go to college, get a degree, and move out on her own.
Trey's Story
Unlike Mindy, Trey is 45 years old, has three kids, and his wife has been a stay-at-home mom for 23 years. He just lost his job because of a merger that he didn't see coming. He feels like he has no other options and watches in horror as their small savings run out every day.
As part of the downsizing package, Trey's old employer offered to help pay for four semesters of school if he wanted to go back. However, Trey didn't have enough money saved to pay for the rest of the tuition and other fees.
The Treys family was saved by personal loans. They could not only give Trey the money he needed for school, but they also gave him a way to pay back the loan over a long period of time that worked with his budget. Trey will eventually get a degree in computer science and change careers when he is in his 40s.
So, what's your story with personal loans?
You may not be exactly like Mindy or Trey, but if you've ever felt like you couldn't afford to go to college because of the costs, remember that personal loans could be the difference between making minimum wage for the rest of your life and making a great salary.
