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Find the Best Personal Loan for Your Needs

A personal loan may just be the solution to the vacation you have been wanting to take or the small debt you have been meaning to pay off. For people living in Los Angeles, California, personal loans can be used as a sign of relief. With this article, our goal is to shine a bit of light on important information you may need to know before applying for a personal loan.

Credit In California

Personal loans, although beneficial during important moments of your life, may carry with it an incredible burden if you are not prepared. Therefore, it is to your benefit that you ensure your credit score is in good standing to receive the best possible loan with minimal fees.

According to, the average credit score in California is 661, which is below the national average of 687. With this said, locals of Los Angeles, California need to take the proper steps when shopping for a personal loan. With a low credit score, your fees and interest may be high, and your loan may be smaller than you desire. These three tips are designed to give you the best possible outcome.

Personal Loans in Los Angeles, CA

3 Tips for Choosing a Personal Loan in Los Angeles

1. Shop Around

With a plethora of personal loan lenders in Los Angeles, California, it is easy to sign up for the first one that pops up. It is crucial that you shop around for the best place to get personal loan offers that fit your financial situation. Ask question, read reviews, and always meet with a lender in person.

2. Low Fees Are Better

Extremely high fees can leave you feeling more burdened. Subsequently, these fees may end up costing you more overtime than the actual debt you want to pay off or the vacation you want to take. It is essential that you read the fine print, know where hidden fees may pop up, and ensure you are getting the best low interest rate personal loans.

3. Know Your Length

The length of the best personal loans will directly affect the fees, interest rate, and how much you have to pay monthly on that specific loan. With that said, always ask the lender what the maximum or minimum length is on the loan. Many lenders will try their best to limit your minimum length. Although paying less monthly is nice, keep in mind that overtime you are actually paying more due to the loans interest rate.


Are Payday and Title Loans the Same as Personal Loans?

No not really. A payday loan, or cash advance, is easier to get and has a shorter term(unless it's a longer installment option) but higher fees and much higher interest than personal loans. The same is true for title loans with the addition of your car being used as collateral. Be very cautious with these types of loans.


Personal Loans in Los Angeles

Personal Loans in Los Angeles,California
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Wilshire Consumer Credit

4727 Wilshire Blvd suite 100, Los Angeles, CA 90010, USA
(888) 333-5645
3.1 / 5 Stars

ACE Cash Express

1800 W 6th St Suite 9, Los Angeles, CA 90057, USA
(213) 413-6257
4 / 5 Stars

OneMain Financial

8939 S Sepulveda Blvd #261, Los Angeles, CA 90045, USA
(310) 670-2727
2.8 / 5 Stars


15271 Barranca Pkwy, Irvine, CA 92618, USA
(877) 714-7514
2.6 / 5 Stars

Christine has a solid background in personal finance as she spent the last eight years working at one of the biggest banks in the US. She managed her own team of financial advisors that helped hundreds of people with their financing needs. Her understanding of different financial products and loans helped her move up the ranks quickly after graduating with a degree in Business Administration.