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Best Strategies to get a $5500 loan with the lowest APR

Personal loans are convenient and can be used for a variety of expenses, including medical bills and weddings. Here are the best strategies to help you find a $5500 loan with the lowest APR.

May 26, 2021
Allan Moses

Best Strategies to get a $5500 loan with the lowest APR

As you prepare to apply for a personal loan, it’s important to understand what levers you can pull to decrease how much you pay over the life of the loan.

Best Strategies To Find Loan With Low APR

Here are some strategies:

Shop around.
Get a co-signer.
Sign up for an autopay discount.
Avoid fees.
Use collateral.
Work with a credit union.
Choose a shorter repayment period.
Improve your credit score.
Lower your debt-to-income ratio.

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Author

Allan Moses

An editor and wordsmith by day, a singer and musician by night, Allan loves putting the fine in finesse with content curation. When he's not making dad jokes or having fun with puns, he's constantly looking to tell stories out of everything.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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