Milwaukee has a long tradition of being known as a brewing city. It’s home to the historic Milwaukee Brewery, which is the oldest major brewery in the U.S. that’s still functioning. It’s also the “City of Festivals” due to the variety of themed, seasonal festivals celebrating the city’s history and diversity.
As the largest tourism market in Wisconsin, the Greater Milwaukee area accounts for $5.7 billion (or 26%) of the $21.6 billion generated by the state’s tourism economy in 2018.
In 2018, Milwaukee County’s GDP overtook its 2007 peak, growing by 1.9% from the previous year. That was the strongest year of growth since 2011, based on data from the U.S. Bureau of Economic Analysis.
As a Milwaukee resident, you probably benefit from the city’s robust economy, but it’s not unlikely that you also sometimes face challenges in meeting the daily costs of living. When urgent financial needs arise, a personal loan with favorable terms may help you.
A personal loan is money borrowed from a bank, online lender, or other financial institution, for personal use. You usually pay the loan back in fixed installments (usually monthly payments). The total cost of such a loan includes interest and other fees.
These loans can either be unsecured, which means that you don’t need to offer up collateral like your house, or secured, which does require collateral. Lenders typically don’t restrict you on how you can use the loan. This form of lending is also accessible to a wide variety of people.
If possible, it’s wise to try to boost your credit score before applying for a loan, since the interest rates, terms, and principal amounts for unsecured loans are mostly based on your credit score. With an excellent credit score, you’re more likely to get lower interest rates.
You can improve your credit score through strategies such as reviewing your credit report for any errors, and making timely payments on your credit card.
If you have a poor credit score, another option to improve your chances of getting a low interest rate is to bring along a cosigner. A cosigner is someone with a good credit score who will repay the loan if you default.
Personal loans are the fastest-growing debt category in the U.S., and here are some of the benefits of obtaining such a loan:
CreditNinja’s online lending platform seeks to make the personal loan process more easily accessible. You can use the platform any time of day or night, and the application process only takes a few minutes.
Since we’re dedicated to offering fast service, we typically provide a credit approval decision in less than one hour, and your loan may be funded within one business day.¹