3 Reasons to Use a Side Hustle to Avoid a Personal Loan

November 5, 2022

By : Quick Insurance Guru

Floral Separator

You have different choices to see if you need money.

Credit : Unsplash

You could borrow the money by getting a loan, or you could earn it yourself.

Credit : Unsplash

There is a very good time to start looking at working as a side hustle.

Credit : Unsplash

1. Borrowing rates are higher these days

Credit : Unsplash

In an attempt to slow inflation, the Federal Reserve has been raising interest rates.

Credit : Unsplash

Credit cards have become more expensive. 

Credit : Unsplash

Loans at higher interest rates are costing more in comparison with other sources of funds.

Credit : Unsplash

2. You won't have to factor debt payments into your budget

Credit : Unsplash

Money can be frustrating to have.

Credit : Unsplash

3. You'll avoid a hard inquiry on your credit report

Credit : Unsplash

When applying for a loan, it is really easy to have a credit report.

Credit : Unsplash